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Exxon Mobil Corp

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  • NEW YORK, Oct 10- Energy shares fell on Friday, extending their recent weakness as crude oil dropped to its lowest level since 2010.. Exxon Mobil Corp fell 0.9 percent to $90.97 while Chevron Corp was down 1.4 percent to $112.90. Halliburton Co slumped 5.5 percent to $54.09 and has lost almost 13 percent this week.

  • ASTANA, Oct 10- Kashagan, the world's most expensive oil project, will have to spend another up to $3.6 billion to replace leaking oil and gas pipelines, which also could delay the restart of production, the Kazakh energy ministry said. Production at the Kashagan reservoir, the world's biggest oil find in recent times, started in September last year but was halted...

  • CARACAS, Oct 9- Venezuela said on Thursday compensation ordered by a World Bank arbitration tribunal in the Exxon Mobil Corp case was within a "reasonable range" once a previous award is deducted from the roughly $1.6 billion new determination.

  • CARACAS, Oct 9- Venezuela considers a World Bank arbitration tribunal's award "manageable" and will pay Exxon Mobil Corp for the 2007 nationalization of its oil projects from November, a source at state oil company PDVSA said on Thursday. Earlier, the Centre for Settlement of Investment Disputes ordered Venezuela to pay Exxon around $1.6 billion.

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • NEW YORK/ HOUSTON, Oct 9- Investment bank Lazard Ltd has asked bidders that have shown interest in buying Citgo Petroleum Corp's U.S. refineries to submit an additional round of offers, people close to the deal told Reuters this week as the sale process proceeds despite doubts. Venezuela's state-run oil company PDVSA hired Lazard to handle the sale process for...

  • HOUSTON, Oct 9- A World Bank arbitration decision that Venezuela must pay Exxon Mobil Corp about $1.6 billion shows that the country "failed to provide fair compensation" for oil assets nationalized in 2007, Exxon said in a statement on Thursday. "Exxon Mobil recognizes the sovereignty of all nations and, while clearly not a desirable outcome, accepts...

  • "Weakness continues to pervade European economies, and that's leading to some nervousness with how earnings will play out," said Bill Lynch, director of investments at Hinsdale Associates, in Hinsdale, Illinois. Chevron Corp fell 2.9 percent to $114.60 while Exxon Mobil lost 2.8 percent to $91.97. Among specific names, U.S. Steel Corp fell 7.2 percent to $33.95...

  • CARACAS, Oct 9- A World Bank arbitration tribunal has determined Venezuela must pay Exxon Mobil Corp around $1.6 billion to compensate for a 2007 nationalization, the award posted on the International Chamber of Commerce website Thursday showed. A separate decision by the Paris- based ICSID in 2012 ordered Venezuela state oil company PDVSA pay Exxon $908...

  • South China Sea: Lots of oil, lots of uncertainty Thursday, 9 Oct 2014 | 12:56 PM ET
    Coast guard vessels from China (rear) and Vietnam in a disputed part of the South China Sea near China's oil drilling rig, May 14, 2014.

    The area is expected to hold billions of barrels of oil and trillions of cubic feet of gas, but energy firms are tentative about the region.

  • US STOCKS-Energy shares extend recent decline Thursday, 9 Oct 2014 | 10:25 AM ET

    NEW YORK, Oct 9- Energy shares were once against the biggest losers of the day in morning trading on Thursday, continuing a recent trend of weakness amid falling oil prices. Among specific companies, Halliburton Co fell 2.9 percent to $58.66 while Newfield Exploration Co lost 4.1 percent to $32.44. Exxon Mobil lost 1.2 percent to $93.49 and Chevron Corp was down...

  • Companies that were already deep in the red when the price of Brent was at $109 a barrel last year are having to redraw business plans for prices as low as $90. According to Morgan Stanley analysts, the seven majors- Royal Dutch Shell, BP, Exxon Mobil, Chevron, Total Statoil- ran a collective deficit of $55 billion last year. They generated $207 billion of operating cash...

  • BUENOS AIRES, Oct 8- Argentina's state-run energy company YPF said on Wednesday it had not struck a confidential natural gas production deal with Russia's Gazprom despite a statement earlier in the day from the industry ministry saying that it had. The ministry had said Cabinet Minister Debora Giorgi received assurances from Gazprom head Alexey Miller in a...

  • Traders on the floor of the New York Stock Exchange.

    U.S. stocks ended about 2 percent higher on Wednesday as markets extended gains on the FOMC minutes and recovered from Tuesday's selloff.

  • *Canada lobbied against previous labelling proposal. BRUSSELS/ CALGARY, Oct 7- A European Union plan to label Canadian tar sands oil as highly polluting as part of its fight against climate change has been abandoned after years of opposition from Canada, clearing the way for exports of tar sands crude to the European market. Canada sees Europe as a potential...

  • Incredible opportunity in one sector: Pro Tuesday, 7 Oct 2014 | 12:54 PM ET
    Rich Pzena, founder & Co-CIO Pzena Investment Management.

    Stocks in this sector hold some incredible potential, top value investor Rich Pzena says.

  • UPDATE 1-EU abandons 'dirty' label for tar sands oil Tuesday, 7 Oct 2014 | 7:24 AM ET

    *Canada lobbied against previous labelling proposal. BRUSSELS, Oct 7- A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude...

  • *Canada lobbied fiercely against previous proposal. BRUSSELS, Oct 7- The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition. The new proposal abandons one obstacle to Canada shipping crude from tar sands to Europe and is likely to draw strong criticism from...

  • Your first trade for Tuesday Monday, 6 Oct 2014 | 6:02 PM ET

    The "Fast Money" traders share their final trades of the day.

  • US stocks slip amid wariness before earnings, FOMC Monday, 6 Oct 2014 | 4:37 PM ET

    Stocks fell on Monday, with H&R Block leading declines on the S&P 500.