Applications, Production Updates, CEO Statements, and Price Increases - Research Reports on ExxonMobil, Chevron, U.S. Steel, Tesoro and Celanese Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 24, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Exxon Mobil Corporation (NYSE: XOM), Chevron Corporation (NYSE: CVX), United States Steel Corp. (NYSE: X), Tesoro Corporation (NYSE: TSO) and Celanese Corporation (NYSE: CE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5067-100free.
Exxon Mobil Corporation Research Reports
On July 21, 2014, Exxon Mobil Corporation (ExxonMobil) announced that it has submitted an application to the U.S. Department of Energy to export liquefied natural gas (LNG). The Company stated that as another important step for the Alaska LNG project, the export application requests for authorization to export up to 20 million metric tons per year of LNG for a period of 30 years to countries that have existing free trade agreements with the U.S., as well as to non-free trade agreement countries. According to the Company, the project, which would provide notable economic benefits to Alaska residents, has proposed facilities that include a liquefaction plant and terminal in Nikiski; an 800-mile, 42-inch pipeline; up to eight compression stations; at least five take-off points for in-state gas delivery; and a gas treatment plant on the North Slope. ExxonMobil stated that the project, which is expected to be completed in 2016, is now in the pre-front-end engineering and design phase. The full research reports on ExxonMobil are available to download free of charge at:
Chevron Corporation Research Reports
On July 21, 2014, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (Chevron), announced that it has started commercial production of premium base oils from the Company's newly constructed manufacturing facility at its Pascagoula refinery. According to the Company, the stated production of base oils will add to the capacity from Chevron's Richmond-based refinery and a joint venture facility in Yeosu, Korea. Furthermore the base oils produced in the new facility will approximately double the Company's production capacity, positioning Chevron as the largest producer of premium base oil in the world. According to the Company, the facility is designed to manufacture 25,000 barrels per day of premium base oil, the main ingredient in the production of top-tier motor oils, which aid in fuel economy, lower tail-pipe emissions and extend the time between oil changes. The full research reports on Chevron are available to download free of charge at:
United States Steel Corp. Research Reports
On July 15, 2014, United States Steel Corp. (U.S. Steel) announced that the Company's President and CEO, Mario Longhi issued a statement about his testimony before the International Trade Commission (ITC) concerning the trade case, where U.S. Steel is a petitioner, on Oil Country Tubular Goods (OCTG) against nine countries including Korea. Mr. Longhi said, "We appreciated the opportunity to testify before the International Trade Commission (ITC) today to present compelling evidence of the significant, material harm inflicted upon the domestic steel industry by companies from nine countries. We have faith in the process, and the diligent and conscientious work of the ITC. We remain confident that this esteemed body will find that domestic Oil Country Tubular Goods (OCTG) producers have been materially harmed as a result of unfairly traded products." He added, "We are deeply grateful for the support of our partners at the United Steelworkers, who joined us in testifying today and shared how their members - our employees - have suffered as a result of this surge of unfairly traded products." The full research reports on U.S. Steel are available to download free of charge at:
Tesoro Corporation Research Reports
On July 21, 2014, Tesoro Corporation (Tesoro) announced its plans to produce petrochemical feedstock in its U.S. West Coast refining system. According to Tesoro, through the project it intends to collect intermediate feedstock, mainly reformate, from its refining system in the West Coast for xylene extraction at Anacortes, Washington. The Company stated that the initial investment which is estimated to be c.$400 million, aims to recover up to 15,000 barrels per day of mixed xylene, which will be primarily exported to Asia. The Company added that the project is expected to generate competitive returns like other strategic capital projects delivered by the Company in recent years. Tesoro expects the start-up of the new facilities in 2017, subject to permitting and the approval process, and a final investment decision by year-end 2014. The full research reports on Tesoro are available to download free of charge at:
Celanese Corporation Research Reports
On July 21, 2014, Celanese Corporation (Celanese) announced that effective September 15, 2014, or as contracts allow, the Company will increase the price of all GUR® and GHR® UHMW-PE grades sold in Europe by 20 cents per kilogram. According to Celanese, customers should contact its sales representative to discuss the definite implementation at their account. The full research reports on Celanese are available to download free of charge at:
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