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Stock impact report

Exxon, Shell delay Vaca Muerta production pending clear political outlook [Seeking Alpha]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: Seeking Alpha
Seeking Alpha Energy Exxon, Shell delay Vaca Muerta production pending clear political outlook Nov. 20, 2019 5:40 PM ET | Exxon Mobil Corporation (XOM) Carl Surran Exxon Mobil (NYSE: RDS.A RDS.B holding back awaiting clarity "The resource has great quality... the same or better quality than wells in the U.S.," says Daniel De Nigris, head of XOM's operations in Argentina, but the country's financial crisis combined with regulatory uncertainty, capital controls, high taxes and price caps have made it harder to plan business and make a profit. Tight access to financing is a major challenge which already has slowed a project to build a new 40M cm/day pipeline for increasing gas deliveries out of Vaca Muerta, says Sean Rooney, head of Shell's operations in Argentina. Despite the problems, Rooney says Vaca Muerta is benefiting as a second mover after the development of shale plays in the U.S. and Canada, meaning companies can learn from previous experience to avoid costly mistakes and u Show less Read more
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