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ExxonMobil's 10 Top-Valued Projects Chained to Sinking Prices of Commodities, LNG

ExxonMobil's 10 Top-Valued Projects Chained to Sinking Prices of Commodities, LNG

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Industry Segment: Production | Word Count: 756 Words

SUGAR LAND--August 1, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Friday morning witnessed an easily overlooked milestone in the recent economic recovery: Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) was surpassed in market value by Facebook (NASDAQ:FB) (Menlo Park, California) and Amazon.com (NASDAQ:AMZN) (Seattle, Washington), making it the last oil & gas company to leave the world's five most valuable companies, which are now inhabited entirely by tech firms. ExxonMobil may yet rebound, but investors have known for a long time that two major factors have been weighing it down: the oversupply of liquefied natural gas (LNG) in the global market, and persistently low commodity prices. Industrial Info is tracking about $140 billion in active projects involving ExxonMobil on five continents, more than 95% of which are in three industries: Oil & Gas Production, Oil & Gas Pipelines and Chemical Processing.

Within this article: Details on the 10 highest-valued projects involving ExxonMobil.

Other companies featured: ConocoPhillips (NYSE:COP), BP plc (NYSE:BP), Resources Energy Incorporated

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