|Bid||42.900 x 1100|
|Ask||43.200 x 25000|
|Day's Range||42.385 - 44.015|
|52 Week Range||40.530 - 49.500|
|PE Ratio (TTM)||14.33|
|Dividend & Yield||2.70 (5.55%)|
|1y Target Est||N/A|
WASHINGTON/HOUSTON, July 20 (Reuters) - Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft . The U.S. Treasury Department on Thursday morning slapped the world's largest publicly traded oil producer with the fine for "reckless disregard" of U.S. sanctions in dealings with Russia in 2014 when Secretary of State Rex Tillerson was Exxon's chief executive. The lawsuit and the Treasury's unusually detailed statement on Exxon's conduct represented an extraordinary confrontation between a major American company and the U.S. government, made all the more striking because Exxon's former CEO is now in President Donald Trump's Cabinet.
If Europe keeps its word on banning gasoline vehicles it could have wide ranging impacts on the energy world.
Goldman Sachs has added Oil Search (OSH.AU) to its Australia and New Zealand conviction list and sees 18% upside for the liquefied natural gas (LNG) supplier. The tick of approval for Oil Search, which operates in Papua New Guinea, came as the company released its June quarter production report, which showed a 16% year-on-year increase in first half revenue. Oil Search said it was working with Exxon Mobil (XOM) - which operates PNG LNG and the P'nyang field - and France's Total (FP.FR) - which operates Elk-Antelope in which Oil Search has a stake - on the next phase of LNG development in the country.