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Category: Exxon

  • Donald Trump warned not to pull out of Paris climate agreement—by the CEO of oil giant Exxon Mobil 

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    Investor Empires

    Donald Trump’s stunning re-election threatens to upend the business of the industry he swore to protect: Big Oil. If his incoming administration follows through with plans to once again withdraw the United States from the landmark 2015 Paris climate agreement — as a way to ease restrictions on fossil fuel…

  • Exxon director joins Elliott group seeking to acquire Citgo Petroleum By Reuters

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    Investor Empires

    HOUSTON (Reuters) – Exxon Mobil (NYSE:) Director Gregory Goff recently joined a newly formed Elliott Investment Management-backed firm seeking to acquire Venezuelan-owned oil refiner Citgo Petroleum. Citgo and Exxon are competitors in the automotive fuel and lubricants business. Exxon is the third largest oil refiner in the United States by…

  • Exxon trading at big discount to broader market, Morgan Stanley says in buy rating

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    Investorempires.com

    David McNew/Getty Images News Exxon Mobil (New York Stock Exchange: Schwam) +0.5% In Wednesday trading, Morgan Stanley resumes coverage with an Overweight rating and $145 price target, noting the stock trades at a roughly 55% discount to the broader market, nearly double historical levels despite cash flow/equity growth. 50% higher…