Exxon Mobil (NYSE:XOM) predicts Papua New Guinea to provide at-least 10M metric tons of LNG by 2025 annually

  on Dec 03,2012 Posted in Business News ,Finance
 
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Exxon Mobil Corporation (NYSE:XOM), which controls a $19 billion liquefied natural gas project in Papua New Guinea, anticipates annual supply of LNG from the Pacific nation would be more than 10 million metric tons by 2025. Jeff Appleton, Exxon senior vice president of LNG marketing, recently said in a speech in Sydney that natural gas demand is projected to increase by more than 60 percent by 2040. The Asia- Pacific region will represent 29 percent of total gas demand across the globe in 2040, with consumption in the U.S. and Europe unchanged or falling, he said.

Exxon (XOM) and two of its partners in the LNG venture, Santos Ltd. (STO) and Oil Search Ltd. (OSH), will add output capacity by 5 percent to 6.9 million tons annually, the Irving, Texas-based oil producer said last month. The energy giant said that its development is planned to begin supplies in 2014, even after a 21 percent cost overrun.

One of the most critical factors in measuring the performance of a company is its Return on Assets ratio, which is an indicator of how profitable a company is relative to its total assets. Exxon Mobil Corporation (NYSE:XOM) recently had ROA ratio of 14.31% while its market capitalization of $401.86 billion.

Previous month, Exxon Mobil Corporation’s stock price volatility was 1.45%. In its share capital XOM has 4.56 billion outstanding shares among them 4.55 billion shares have been floated in market exchange. XOM’s stock institutional ownership remained 49.61% while insider ownership included 0.01%.

The stock is ahead of its 52weeks low with +15.74% and lagging behind from its 52 weeks high price with -5.32%. Company’s beta coefficient included 0.52. Beta factor evaluates the amount of market risk associated with market trade.

XOM’s stock traded with a starting price of $88.07 and throughout the trading session climbed at a high of $88.40 and later when day-trade ended the stock finally surged +0.02% to $88.14 with a relative volume of 15.52 million shares.

Its competitor BP plc (ADR) (NYSE:BP) shares opened the session at $41.35 climbed 1.11% to settle at $41.76 with a relative trading volume of 4.30 million shares and Chevron Corporation (NYSE:CVX) shares opened the session at $106.10 dropped -0.09% to settle at $105.69 with a relative trading volume of 6.68 million shares.

 



 

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