This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Exxon’s share of oil production in those fields reached 120,000 bpd in 2017, the last year for which data was available. One source said Exxon was soon due to open a “data room” – which would provide technical information on the fields, such as seismic and production details – in Nigeria. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. In addition, we conduct extensive research programs in support of these businesses. Zacks Ranks stocks can, and often do, change throughout the month. Stay up to date with the latest from ExxonMobil. The President, at the Nigerdock yard in … wellhead platforms developed under projects executed by Mobil Producing Nigeria (MPN), an ExxonMobil affiliate company. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A source said Exxon was soon due to open a “data room”, which would provide technical information on the fields, such as seismic and production details in Nigeria. Exxon officials were said to have held talks in recent weeks with several Nigerian companies to gauge their interest in the fields. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. © Copyright 2003-2020 Exxon Mobil Corporation. Each one of our employees is empowered to think independently, take initiative and be innovative. “Shell must remain at the forefront of the drive for greater corporate transparency. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.See Latest Stocks Today >>, CrossAmerica Partners LP (CAPL) - free report >>, SEACOR Holdings, Inc. (CKH) - free report >>, Exxon Mobil Corporation (XOM) - free report >>, Antero Resources Corporation (AR) - free report >>. For general questions, visit the ExxonMobil corporate global contact us page. April 05, 2019, Per Reuters, Exxon Mobil Corporation (XOM - Free Report) is contemplating the sale of its stake in some of the oil and gas fields in Nigeria, both onshore and offshore. The U.S. oil major is currently focused on increasing yield in the Permian and developing the huge oil discoveries offshore Guyana.The discussions are related to a number of onshore fields that the company has in joint ventures with Nigerian state oil firm NNPC. The payments formed part of the four documents released yesterday by the Group Chief Executive Officer of the Royal Dutch Shell, Ben Van Beurden, to signal the global oil giant’s renewed commitment to greater transparency. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, ExxonMobil corporate global contact us page. ExxonMobil affiliates in Nigeria operate guided by strict policies on safety, health, the environment and product safety. Three members of the Mobil House janitorial team were celebrated by the Upstream Nigeria staff, under the Appreciate Our Cleaners initiative. Over the past 135 years ExxonMobil has evolved from a regional marketer of kerosene in the U.S. to one of the largest publicly traded petroleum and petrochemical enterprises in the world. Nigeria The Nigerian government has in the last decade supported a drive by domestic firms such as Oando Plc, Seplat Petroleum Development Company Plc and Aiteo Group to expand their operations in the country as international companies including Royal Dutch Shell sought to lower their presence due to oil spills resulting from pipeline sabotage. Oct. 2, 2015. All Rights Reserved. Its oil output in the country reached 225,000 barrels per day in 2017, its website said. ALL RIGHTS RESERVED. The company delivered an average positive earnings surprise of 20.5% in the trailing four quarters.Zacks' Top 10 Stocks for 2019In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?Who wouldn't? The sale will mark the company’s exit from the former Soviet state after 25 years.ExxonMobil has reportedly held discussions with several Nigerian companies to determine their interest in the fields. Our annual Top 10s have beaten the market with amazing regularity. We are committed to meeting the growing demand for energy, while at the same time reducing the environmental impacts. By Alex Enumah Justice O. In October 2016, the oil major divested its 60 per cent stake in Mobil Oil Nigeria Plc to Nipco Plc, an indigenous Nigerian downstream oil and gas company. Nigeria As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. ExxonMobil upstream affiliates operating in Nigeria are Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Ltd. (EEPNL). Discover the best free resources on Zacks.com. When contacted for comment, the Manager, Media and Communications, Mobil Producing Nigeria Unlimited, Mr Oge Udeagha, declined to comment on the matter. Public and Government Affairs Its oil output in the country reached 225,000 barrels per day in 2017, its website said. ZacksTrade and Zacks.com are separate companies. Presently, the NNPC/MPN joint venture is focusing on sustainable development projects aimed at promoting economic independence for communities in our areas of operations. Exxon is also weighing the possible sale of stakes in offshore fields in Nigeria, according to two sources. The payment, according to the oil giant, represents a 48 per cent increase over payments by the companies to the government in 2017, which was $4.322 billion. Already, the company was exploring opportunities in its investments in the nation’s onshore and offshore fields which, if disposed of, could help it raise up to $3 billion. Visit performance for information about the performance numbers displayed above. It has established a common language for discussion and sharing of successful systems and practices among different parts of ExxonMobil's business. FOREX , BITCOIN and BINARY TRADER: BREAKING: Fire Outbreak On A Major ExxonMobil Platform added by Media Nigeria on April 25, 2017 ExxonMobil affiliates in Nigeria have been conferred with the 2017 award of recognition for Exceptional Investment in Employee Health at the Employee Medical Benefits Conference & Exhibition Nigeria recently held at the NAF Conference Centre, Kado, Abuja. ExxonMobil's primary responsibility is to produce the energy and products the world needs in a responsible manner. Zacks Equity Research CTRL + SPACE for auto-complete. BEVERLY HILLS, April 03, (THEWILL) – ExxonMobil, one of the International Oil Companies (IOCs) operating in Nigeria, has opened talks on the sale of some of its oil and gas fields in the country as it focuses on new developments in US shale and Guyana. These policies reflect our commitment to the highest operational standards and performance. The company and its joint venture partner, NNPC, operate over 90 offshore platforms comprising of about 300 producing wells at a capacity of over 550 thousand barrels a day of crude, condensate and natural gas liquids (NGL). Currently one of the largest oil and gas producers in the country, ExxonMobil has 106 operated platforms and produced about 225,000 barrels per day (bpd) in 2017. ExxonMobil upstream affiliates in Nigeria participated in the 2017 Nigeria Economic Summit forum, as part of their efforts to stimulate economic development in Nigeria. The bottom line for 2019 is expected to inch up 1.7% year over year. If you wish to go to ZacksTrade, click OK. The Natural Gas Liquids (NLG II) project, which has capacity to contribute 45 KBD of natural gas liquids to our total production, is an expansion of the NNPC/MPN Joint Venture’s successful Oso-NGL project, and involved the engineering, procurement, construction, start-up and commissioning of an offshore NGL extraction platform, undersea pipeline infrastructure and expansion of the JV’s existing onshore fractionation and storage facilities at Bonny River Terminal.

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