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Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 115.04

-0.8%

Oct 28 3:59 PM EDT

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From: Jon Koplik	2/12/2025 3:01:40 AM
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going to post two pieces / CVX / reserves replacement ratio -- one is from Reuters, and the other is from OilPrice.com. Interestingly (at least to me . . . ) : even though the OilPrice.com piece is pretty much just "referencing" the Reuters piece, it ( the OilPrice.com piece) (and NOT the Reuters piece) brings up the following : <<<<< Chevron . . . reminding investors that reserves associated with shale development are limited to a five-year planning and execution period per SEC regulations. >>>>> which ... MIGHT negate the whole inflammatory / JUMP OUT THE WINDOW ! - nature of the "news" (?) --------------------------- Also (another important detail) : the Reuters piece said : <<<<< Exxon has not yet reported its replacement ratio for 2024, but the No. 1 U.S. oil producer also struggled to replace its reserves in 2023 and 2022, which may have contributed to its decision to buy oil and gas producer Pioneer Natural Resources >>>> Maybe Exxon also has the same problem with the SEC rules for : reserves associated with shale development (?) Jon. . . .

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