SOURCE: Industrial Info Resources

Industrial Info Resources

August 01, 2016 07:10 ET

ExxonMobil's 10 Top-Valued Projects Chained to Sinking Prices of Commodities, LNG, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 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.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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