Golden Pass LNG to Load First Export Cargo, Hits Record Feedgas Intake
XOM sits 64% above its 52-week low of $97.8.
Summary
The Golden Pass LNG facility, a joint venture 30% owned by Exxon Mobil, is preparing to load its first export cargo, with the HL Sea Eagle tanker expected to arrive around April 20. This development follows the commencement of production reported on March 30 and news on April 2 that Italy is set to receive LNG from the plant. The facility also reported record feedgas intake, signaling a strong operational ramp-up. This marks a significant operational milestone for one of the largest U.S. LNG export plants, confirming its progression towards full capacity and revenue generation for Exxon Mobil.
At the time of this announcement, XOM was trading at $160.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $669.6B. The 52-week trading range was $97.80 to $176.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.