Exxon Mobil Corp. declared that the first liquefied natural gas had arrived at the Adriatic regasification terminal near Porto Levante.
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Energy stocks rose with the broad market, with a less-than-expected fall in GDP giving a lift to shares of natural gas producers and oil service firms, even as oil majors Exxon Mobil and Royal Dutch Shell lagged.
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Shares of Exxon Mobil, floundered as it posted its Q3 income of $14.83 billion, shattering the U.S. record.
Exxon Mobil’s investor relations, chief David Rosenthal, said:
Our integrated business portfolio, strong operational performance and financial discipline continued to allow us to capture the benefits of the commodity price environment. Despite recent volatility in the financial, commodity and credit markets, [...]
TransCanada chief executive officer Hal Kvisle was quoted as saying:
TransCanada Corp. has won support from Alaska to build a $26-billion natural gas pipeline, but ground won’t be broken until Exxon Mobil Corp. signs on.
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Monday, August 10, 2009