White House plagiarizes ExxonMobil in an attempt to herald the oil giant

Woods said that if this project can be used to capture emissions from power plants then it may bring about “a future in which hydrocarbon use and decarbonization go hand in hand”.

Exxon said Monday the work would create 12,000 permanent jobs – the energy giant now has about 71,000 employees – and 35,000 construction jobs. Bailard Inc. raised its position in shares of Exxon Mobil by 71.1% in the second quarter.

And the president also wrote a series of tweets about the announcement. “Softbank CEO Masayoshi Son announced after a December meeting with Trump a tech fund that would invest $50 billion in the U.S. Trump publicized Son’s plan despite the fact that the investment had been part of a previously announced plan”. Even as the Organization of the Petroleum Exporting Countries and other nations moved late past year to put a floor under the oil price by cutting production, USA operators have vowed to return to the oil fields nearly en masse to make up the difference.

“We are using new, abundant domestic energy supplies to provide products to the world at a competitive advantage resulting from lower costs and abundant raw materials”. According to the data of UN Comtrade, the USA exported petroleum and natural gas products of about $91 billion, in 2015.

ExxonMobil also completed a Baton Rouge sulfur expansion project in 2015. Over 45 percent of total US petroleum refining capacity is located along the Gulf coast, as well as 51 percent of total USA natural gas processing plant capacity.

Hoping to stem at least some of the environmental controversy, Exxon in January, just after Woods became CEO, named an environmentalist to its board of directors. Woods is succeeded by Rex Tillerson who is now President Trump’s Secretary of State. The forward P/E ratio of 16.95, and the fact that it is trading only 5.50% above its 52-week low of $78.16 and 11.39% below its 52-week high of $93.06, makes it necessary to take the notion that Exxon Mobil is cheap right now more seriously.

Exxon Mobil Corporation has a consensus hold rating from 25 Wall Street analysts, and the number of shares now sold short amount to at least 0.71% of shares outstanding. Synovus Financial Corp’s holdings in Exxon Mobil Corporation were worth $30,862,000 at the end of the most recent quarter. “We need a Separation of Oil & State STAT”.

“These applied technologies are good for the environment, and they’re good for business”, Woods said.

Three Month Ago Analyst Ratings: EXXON MOBIL CORPORATION (XOM) has received mean Analyst rating of 3.00 from polled analysts at Reuters 3 Month Ago. The company’s output from the region could reach 900,000 barrels a day by 2020 if oil prices continue to rise, according to energy investment bank Tudor Pickering Holt & Co. A buy-side analyst develops investment strategies for institutional investors with large amounts of capital for investing, including mutual funds, hedge funds, insurance companies, independent money managers and nonprofit organizations with large endowments. HSBC set a $85.00 price objective on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Tuesday, November 8th.