Exxon Mobil Corporation (XOM) News: Export License, World Malaria Day, Wells Fargo & Co (WFC)’s Coverage & More

Editor’s Note: Related tickers: Exxon Mobil Corporation (NYSE:XOM), Wells Fargo & Co (NYSE:WFC)

Exxon Mobil Corp. seeks permit from Canada to export LNG from BC (Zeibiz)
Exxon Mobil Corporation (NYSE:XOM) has requested Canadian authorities that it be allowed to ship 30 million metric tons of liquefied natural gas (LNG) each year from British Columbia. Under the proposed project, the energy company can liquefy as much as 4 billion cubic feet of natural gas annually for export through tanker from one of its several proposed sites, according to its application with Canada’s National Energy Board on June 19. The company said it could begin shipments as early as 2021 once it gets approval and decides to move ahead with the project.

Exxon Mobil Corporation (NYSE:XOM

ExxonMobil Marks World Malaria Day with Activities and Grants (EON)
In commemoration of World Malaria Day on April 25, Exxon Mobil Corporation (NYSE:XOM) announced today new funding and additional efforts to combat the disease and raise awareness, including a renewed partnership with “American Idol.” Exxon Mobil Corporation (NYSE:XOM) has sponsored the concert venue for tonight’s broadcast of “Idol Gives Back” on FOX stations across the United States and beyond. The sponsorship will enable proceeds from ticket sales for the two-hour concert to benefit five U.S. and international charities. Exxon Mobil Corporation (NYSE:XOM) announced a donation of $1.1 million to anti-malaria efforts through Idol Gives Back and hosted Idol celebrities on a trip in Africa to see the effects of malaria and the benefits from previous Idol Gives Back efforts.

Exxon Mobil Corp. Coverage Initiated by Analysts at Wells Fargo & Co. (XOM) (Zolmax)
Equities research analysts at Wells Fargo & Co (NYSE:WFC) initiated coverage on shares of Exxon Mobil Corporation (NYSE:XOM) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock. Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Exxon Mobil Corporation (NYSE:XOM) in a research note to investors on Monday. They now have a $90.00 price target on the stock, up previously from $85.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corporation (NYSE:XOM).

Nigeria: Government Must Pay to Stop Gas Flaring – Exxon Mobil (AllAfrica)
The executive Vice-Chairman and General Counsel of Exxon Mobil Corporation (NYSE:XOM), Dr. Emmanuel Ibe Kachikwu has said that Nigeria can stop gas flaring if the federal government provides 60 per cent of the required amount. He stated this in Abuja in a key note address at the opening ceremony of a 5-day seminar, organised by the Nigerian Institute of Advanced Legal Studies (NIALS entitled ‘maintaining evolving relationship in international petroleum Industry: Stakeholder Strategy’. He said Nigeria is richer in gas than in crude oil, adding that prices of oil may soon crash in the world market.

ExxonMobil launches a new Signum Laboratory in Asia Pacific (YourIndustryNews)
Exxon Mobil Corporation (NYSE:XOM) opened its new Asia Pacific Signum Laboratory at the Exxon Mobil Corporation (NYSE:XOM)Shanghai Technology Center. The new laboratory in China is the company’s first in the Asia Pacific region and provides customers direct access to high quality oil analysis to help improve their equipment performance. Signum, Exxon Mobil Corporation (NYSE:XOM)’s oil analysis program, leverages more than 40 years of oil analysis expertise and is designed specifically to help evaluate the condition of in-service lubricants. It is a quick and non-invasive way to gauge the health of a machine and help achieve optimum performance.