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";s:4:"text";s:10459:"“This is really about value creation over the next many years.”. XTO ENERGY, INC. (NYSE:XTO) : Stock quote, stock chart, quotes, analysis, advice, financials and news for share XTO ENERGY, INC. | Nyse: XTO | Nyse Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. 2011 In 2011, a new operating division was created at XTO – the Appalachia Division. Exxon agreed to buy XTO Energy for $31 billion in stock, betting that natural gas will play a critical role in meeting energy needs. [], [] and [] stock price charts are available for XTO ENERGY INMarket data delivered to TradingCharts.com, Inc. by Barchart.com. XTO Energy operations overview XTO Energy is a leading oil and natural gas producer in the United States with expertise in developing tight gas, shale gas and unconventional oil resources. INSTANT VIEW: Exxon Mobil to buy XTO Energy, Exxon's XTO bid a bet natgas/oil ratio will narrow. Have Watchlists? Exxon Mobil Corp. placed a $31 billion bet that natural gas will play a critical role in the world's future energy needs, saying it would purchase XTO Energy Inc. in an all-stock deal. This browser is no longer supported at MarketWatch. Stock price quotations are updated continuously. “They are getting a huge acreage spread, with lots of shale gas plays.”. Historical and current end-of-day data provided by FACTSET. Exxon will issue 0.7098 common share for each share of XTO, representing a premium of about 25 percent over XTO’s closing price on Friday of $41.49. The deal is valued at $41 billion, including about $10 billion in XTO debt, and is based on the December 11 closing share prices of the two companies. All quotes delayed a minimum of 15 minutes. Cookie Notice. Privacy Notice, and The deal will likely win antitrust approval even though the industry is relatively concentrated, said Craig Caesar, an antitrust attorney in the Dallas offices of law firm McGlinchey Stafford PLLC. Our Standards: The Thomson Reuters Trust Principles. We are excited to announce that XTO Energy revenue check detail data is now also available on the EnergyLink platform. “I don’t anticipate that this is going to take a long time. JPMorgan advised Exxon Mobil, and Barclays Capital Inc and Jefferies & Company Inc advised XTO. By using this site you agree to the Sign up to email and get a 50% Booking.com coupon, Expedia coupon: Extra 15% off things to do, Earn a 10% Priceline coupon and book today, Walmart promo code: $10 off all departments, eBay coupon: Save $5 on your first purchase, No-Ads $11.99/mo. Create a list of the investments you want to track. Visit a quote page and your recently viewed tickers will be displayed here. All quotes are in local exchange time. Exxon Mobil Corp plans to buy XTO Energy Inc for about $30 billion in stock, in a move that thrusts the U.S. energy giant to the forefront of North America's fast-growing natural gas industry. Log in to see them here or sign up to get started. to refresh this display. The American Stock Exchange index of natural gas companies jumped nearly 5 percent, with Chesapeake Energy Corp up 5.8 percent at $24.37 and Devon Energy Corp up 4.6 percent at $66.80 on the New York Stock Exchange. “There will be more of these deals, and it will make the industry more resilient to volatility in natural gas prices,” said Fadel Gheit, an analyst at Oppenheimer & Co. Exxon’s shares fell 4.3 percent to $69.69 on Monday, while XTO shares jumped more than 15 percent to $47.86 on the New York Stock Exchange. “Natural gas is expected to be the fastest growing of the major energy sources; it’s going to grow at a substantially faster rate than oil or coal,” Rex Tillerson, Exxon’s chief executive officer, said on a call with reporters. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. But now, big oil companies like Exxon are starting to look for reserves around the world. 12/2009: 12/2008: 12/2007: 12/2005: 12/2004: Cash and Equivalents: 9: 25-2: 10: Restrictable Cash-----Marketable Securities: 1,222----Accounts Receivable: 965: 1,217 For the best MarketWatch.com experience, please update to a modern browser. The purchase values XTO’s proved reserves at about $2.93 per thousand cubic feet of gas equivalent, just over half the current NYMEX natural gas futures price. XTO has been one of the fastest-growing energy producers in the United States and it expects its production to climb 23 percent this year to about 2.87 million cfe per day. XTO (XTO) stock price, charts, trades & the US's most popular discussion forums. The bid, announced on Monday, spurred expectation of a wave of consolidation in the energy industry as cash-rich companies such as Exxon move to snap up smaller players with attractive assets. A view of the Exxon Mobil refinery in Baytown, Texas, September 15, 2008. Something went wrong while loading Watchlist. Although it is believed that information provided is accurate, no guarantee is made. The deal, which is subject to XTO shareholder approval and expected to close in the second quarter, would be Exxon’s biggest since it purchased Mobil Corp in 1999, and the eighth-largest ever in the energy and power sector. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil and is intended to complement Exxon Mobil’s holdings in the United States, Canada, Germany, Poland, Hungary and Argentina, the companies said. In making its first major acquisition since the megadeal that created Exxon Mobil in 1999, the company is positioning itself to recast the global debate over energy policy. Intraday data delayed at least 15 minutes or per exchange requirements. Click reload. There are currently no items in this Watchlist. Subscriber Agreement & Terms of Use, “This deal provides Exxon with some domestic momentum it didn’t have,” John Olson, a fund manager at Houston Energy Partners, said. “We’ll probably suffer in the near-term as we put it together,” Tillerson told analysts. Copyright © 2020 MarketWatch, Inc. All rights reserved. NEW YORK/HOUSTON (Reuters) - Exxon Mobil Corp plans to buy XTO Energy Inc for about $30 billion in stock, in a move that thrusts the U.S. energy giant to the forefront of North America’s fast-growing natural gas industry. See here for a complete list of exchanges and delays. With the buy, Exxon, the largest publicly traded energy company, will become the top U.S. natural gas producer as it bets on natural gas expanding its share in the world’s largest energy market. Free forex prices, toplists, indices and lots more. XTO | A complete S&P/ASX 100 Index index overview by MarketWatch. “Despite the magnitude and the numbers, in this industry that magnitude is not that big.”. Interactive Chart for 3315965 (XTO), analyze all the data with a huge range of indicators. + free trial month | Hulu promo codes, Barrett Is Praised and Pressed on Issues in Final Day of Questioning, What China and Russia Could Reap From Covid-19 Vaccine Diplomacy, The Best and Fastest Chargers for Your iPhone 12 and Other Gadgets, The Stock Market Is Ignoring the Economy. These resources have emerged as a potentially huge new resource play in North America, and their development has so far been dominated by independent U.S. exploration and production companies. Additional reporting by Phil Wahba, Ryan Vlastelica, Ernest Scheyder, Michael Erman and Megan Davies in New York and Diane Bartz in Washington; Editing by Dave Zimmerman and Maureen Bavdek and Carol Bishopric. My husband earned less than me for a decade, so I paid more towards our expenses. View stock market news, stock market data and trading information. “We’re going to be able to bring their expertise to bear on many of these new plays that we’ve acquired,” Tillerson said. This teamed XTO’s expertise and experience in the natural gas business with ExxonMobil’s cutting-edge technologies, financial strength and historic leadership in the global energy industry. Now I want him to repay me, Private White House briefings led investors to short market and stock up on toilet paper, report says, Hays net fees fall, but sees modest profit in 1H, Marston's warns of 2,150 job cuts due to lockdowns, Northern Italy sees resurgence of COVID-19 infections, with hospitalizations rising, Shares of company managing South Korean pop sensation BTS surge in debut, Fast Retailing net profit slumps 44% on weak sales, Alfa Laval lowers acceptance level of Neles bid, Mediclinic sees robust 1H after April pandemic hit, Schroders assets under management rose in 3Q. The deal will not likely increase Exxon’s earnings per share in the near-term and may be dilutive because of the market price for natural gas, the company said. This is simply a quick analysis of the marketplace and the competitive impact, which I think is going to be minimal,” he said. Tillerson said the purchase would increase the company’s resource base about 10 percent. Exxon, like other major oil companies, has struggled to increase its oil and gas reserves in recent years as state-owned energy companies held fast to the new energy discoveries. 12/10/2020 22:37:47 1-888-992-3836 Free Membership Login XTO or its affiliates operate in all major U.S. unconventional producing regions and Western Canada. XTO, based in Fort Worth, Texas, is one of the leading developers of unconventional resources including shale oil and gas or gas trapped in sands with low permeability that require advanced drilling techniques to recover. Intraday Data provided by FACTSET and subject to terms of use. Here's Why, iPhone 12 Pro, iPhone 12, iPhone 12 Mini: Comparing Apple’s New 5G Phones, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. REUTERS/Jessica Rinaldi. You can still access XTO Energy revenue check detail data through this website.We are encouraging all owners to move to EnergyLink to prepare for our upcoming transition to exclusively host data on EnergyLink. U.S. natural gas prices have been under pressure as inventories of the fuel rose to record high levels, but prices have begun to firm in recent weeks as winter temperatures tap into those stockpiles. ";s:7:"keyword";s:16:"xto energy stock";s:5:"links";s:1367:"Pharmaceutical Manufacturing Handbook Production And Processes Pdf, Urology Associates Lebanon, Tn, Who Played Mr Mistoffelees In Cats, Carlos Enrique, Cherubim Of Glory, Garrick Theatre Lichfield What's On, Curtin Architecture Online, Erykah Badu Kids, Bonaventure River Report, Balcony 3l Chicago Theatre, Dynamic Person Definition, ";s:7:"expired";i:-1;}