30.11.2021 15:13

ExxonMobil (XOM) Continues Development Plan for Vietnam Project

Folgen
Werbung
Exxon Mobil Corporation XOM and partners are continuing development plans for the Ca Voi Xanh project, an integrated gas-for-power project in Vietnam.Ca Voi Xanh, also known as Blue Whale, is potentially the biggest natural gas project in Vietnam, with an estimated 150 billion cubic meters in reserves.The project will produce and process natural gas from the offshore Ca Voi Xanh field, one of Vietnam's largest gas fields. Located in the South China Sea, the gas field is positioned about 80 kilometers off the coast between the country's Quang Nam and Quang Ngai central areas. Natural gas would run through an 80-kilometer pipeline to be processed near Danang and supplied to four associated power plants.In October, ExxonMobil board members were considering whether to proceed with several oil and gas projects, including Ca Voi Xanh, amid the growing urgency for fossil fuel companies to limit carbon emissions. The project will help the country to address the concerns regarding the security of energy supplies as it is becoming challenging to fund coal-fired power generation projects, with large offshore discoveries remaining unexploited for years.ExxonMobil and its partners have completed the front-end engineering and design of the project. A final investment decision on the Ca Voi Xanh project is yet to be reached, depending on regulatory approvals, executed gas sales agreements, government guarantees and economic competitiveness.The Ca Voi Xanh project could provide various long-term benefits to Vietnam, including cleaner, reliable power to enhance economic growth.Company Profile & Price PerformanceHeadquartered in Irving, TX, ExxonMobil is one of the leading integrated energy companies in the world.Shares of ExxonMobil have outperformed the industry in the past three months. The XOM stock has gained 14.5% compared with the industry's 10.4% growth. Image Source: Zacks Investment Research Zacks Rank & Other Stocks to ConsiderExxonMobil currently carries a Zack Rank #2 (Buy).Investors interested in the energy sector might look at the following companies that presently flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.Centennial Resource Development, Inc. CDEV, based in Denver, CO, is an independent oil and gas exploration and production company. CDEV primarily develops unconventional hydrocarbon reserves in the Delaware Basin, part of the prolific Permian Basin. Centennial Resource's net production in 2020 was recorded at 67,161 barrels of oil equivalent per day, of which oil contributed 53.7%, and natural gas and natural gas liquids accounted for the rest.In the past year, shares of Centennial Resource have gained 472.1% compared with the industry's growth of 118.8%. CDEV is expected to see an earnings growth of 127.6% in 2021. Centennial Resource has witnessed five upward revisions in the past 60 days. In third-quarter 2021, CDEV's constant focus on cost reduction helped it generate net cash of $153.5 million from operating activities compared with $45.7 million in the year-ago period. The free cash flow generated in the quarter was $77.2 million, significantly increasing from $10.5 million in the year-ago period.Occidental Petroleum Corporation OXY is an integrated oil and gas company, with significant exploration and production exposure. OXY is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals. As of 2020-end, Occidental Petroleum's preliminary worldwide proved reserves totaled 2.91 billion BOE compared with 3.9 billion BOE at the end of 2019.In the past year, shares of Occidental Petroleum have increased 99% compared with the industry's growth of 96.6%. OXY's 2021 earnings are expected to surge 151.4% year over year. Occidental Petroleum has also witnessed eight upward revisions in the past 60 days. In the third quarter, OXY achieved its planned divestiture target of $10 billion by entering a deal to sell its interest in two offshore Ghana assets for $750 million.Range Resources Corporation RRC is an independent energy company that engages in the exploration, development and acquisition of oil and gas properties, primarily in the Appalachian Basin and North Louisiana. RRC is among the top 10 natural gas producers in the United States. Range Resources is among the top NGL producers in the domestic market. As of 2020 end, RRC's total proved reserves were 17.2 trillion cubic feet equivalent.In the past year, shares of Range Resources have gained 182.4% compared with the industry's growth of 118.8%. In the past 60 days, the Zacks Consensus Estimate for RRC's 2021 earnings has been raised by 23.4%. Range Resources' 2021 earnings are expected to surge 2,500% year over year. RRC has witnessed nine upward revisions in the past 60 days.Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Range Resources Corporation (RRC): Free Stock Analysis Report Centennial Resource Development (CDEV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
Weiter zum vollständigen Artikel bei "Zacks"
Quelle: Zacks

Nachrichten zu ExxonMobil Corp. (Exxon Mobil)

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu ExxonMobil Corp. (Exxon Mobil)

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
07.01.2022ExxonMobil NeutralCredit Suisse Group
05.01.2022ExxonMobil OverweightJP Morgan Chase & Co.
03.01.2022ExxonMobil BuyGoldman Sachs Group Inc.
08.12.2021ExxonMobil OverweightBarclays Capital
02.12.2021ExxonMobil BuyGoldman Sachs Group Inc.
05.01.2022ExxonMobil OverweightJP Morgan Chase & Co.
03.01.2022ExxonMobil BuyGoldman Sachs Group Inc.
08.12.2021ExxonMobil OverweightBarclays Capital
02.12.2021ExxonMobil BuyGoldman Sachs Group Inc.
01.11.2021ExxonMobil BuyGoldman Sachs Group Inc.
07.01.2022ExxonMobil NeutralCredit Suisse Group
02.12.2021ExxonMobil HoldJefferies & Company Inc.
07.10.2021ExxonMobil NeutralCredit Suisse Group
07.06.2021ExxonMobil NeutralCredit Suisse Group
30.04.2021ExxonMobil HoldJefferies & Company Inc.
02.12.2021ExxonMobil UnderperformRBC Capital Markets
29.10.2021ExxonMobil UnderperformRBC Capital Markets
02.06.2021ExxonMobil UnderperformRBC Capital Markets
30.04.2021ExxonMobil UnderperformRBC Capital Markets
04.03.2021ExxonMobil UnderperformRBC Capital Markets

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für ExxonMobil Corp. (Exxon Mobil) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen
Werbung
Werbung
Werbung
Werbung
Börse Stuttgart Anlegerclub
Werbung

Heute im Fokus

US-Börsen letztlich uneins -- DAX geht schwächer ins Wochenende -- WACKER CHEMIE übertrifft Erwartungen 2021 -- SAP zieht Tempo im Cloudgeschäft an -- JPMorgan, Citigroup, Wells Fargo, DWS im Fokus

AT&T und Dish geben Milliarden für Frequenzen für 5G-Dienste aus. Corona-Impfstoff von Novavax soll ab 21. Februar verfügbar sein. Drägerwerk mit Umsatzeinbußen. Wechsel im AUDI-Aufsichtsrat. Nagarro will Umsatz 2022 um fast ein Drittel steigern. Siemens-Kunden müssen wohl auf Steuerungs-Chips warten. EZB: Lagarde rechnet mit Inflationsrückgang 2022. Streit um Zukunft von Generali-Chef eskaliert im Verwaltungsrat.

Umfrage

Wo steht der DAX zum Jahresende 2022?

finanzen.net zero
finanzen.net zero

Oskar

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln