Thursday, July 9, 2020

ExxonMobil

ExxonMobil Reduces 2020 Capex by 30%, Cash Opex by 15%; Maintains Long-Term Outlook

ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for...

ExxonMobil and FuelCell Energy signed Two-years agreement for CCT

ExxonMobil and FuelCell Energy, Inc. on Wednesday have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will...

ExxonMobil announces $3.2 Billion earnings in Third Quarter 2019

ExxonMobil Corporation on Friday announced estimated third quarter 2019 earnings of $3.2 billion, or $0.75 per share assuming dilution. Earnings included a favorable tax-related identified item of about $300 million, or $0.07 per share assuming dilution. Capital and exploration...

ExxonMobil and Mosaic Materials to Explore New Carbon Capture Technology

ExxonMobil and Mosaic Materials to Explore New Carbon Capture Technology. ExxonMobil and Mosaic Materials said Monday that they have entered into an agreement to explore the advancement of breakthrough technology that can remove carbon dioxide from emissions sources. Mosaic Materials has...

ExxonMobil to release financial results of 2QFY19 on August 02

ExxonMobil Corporation (NYSE:XOM) will release second quarter 2019 financial results on Friday, August 2, 2019. A press release will be issued via Business Wire and available at 6:30 a.m. Neil Chapman, senior vice president, and Neil Hansen, vice president and...

Are Trump and IK becoming the best friends?

Are Trump and IK becoming the best friends? The answer is yes. Trump means business and Imran Khan IK wants peace. Trump wants to stop US spending over Afghan war, but don’t want to loose control over Afghanistan. While...

Trump: We wants to build stronger economic and trade ties with Pakistan, willing to mediate Kashmir issue

President Donald J. Trump is working to strengthen cooperation with Pakistan on issues that are vital to the peace, stability, and prosperity of the South Asia region. On Monday, President Trump welcomed Prime Minister Imran Khan of Pakistan to the...

ExxonMobil and Global Thermostat to advance breakthrough atmospheric carbon capture technology

ExxonMobil and Global Thermostat said Wednesday that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. The companies will evaluate the potential...

ExxonMobil to Provide $3 Million to USAID Programs in Mozambique

ExxonMobil and the United States Agency for International Development (USAID) said today that ExxonMobil will provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique. The collaboration was announced by Administrator Mark Green at the 2019 Corporate Council on...

ExxonMobil proceeds with Argentina expansion project in Vaca Muerta basin

ExxonMobil said today it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a...
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Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some...
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PIA flight from Toronto to Islamabad will operate on 5 July 2020

PIA flight from Toronto to Islamabad will operate on 5 July 2020. Another PIA flight will operate from Toronto to Lahore on 10 July...

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing job offers from the foreign...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...