ExxonMobil''s 10 Top-Valued Projects Chained to Sinking Prices of Commodities, LNG, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 08/01/16 -- Researched by Industrial Info Resources (Sugar Land, Texas)--Friday morning witnessed an easily overlooked milestone in the recent economic recovery: Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) was surpassed in market value by Facebook (NASDAQ:FB) (Menlo Park, California) and Amazon.com (NASDAQ:AMZN) (Seattle, Washington), making it the last oil & gas company to leave the world''s five most valuable companies, which are now inhabited entirely by tech firms. ExxonMobil may yet rebound, but investors have known for a long time that two major factors have been weighing it down: the oversupply of liquefied natural gas (LNG) in the global market, and persistently low commodity prices. Industrial Info is tracking about $140 billion in active projects involving ExxonMobil on five continents, more than 95% of which are in three industries: , and .
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Datum: 01.08.2016 - 05:10 Uhr
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