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The Zacks Analyst Blog Highlights: Exxon Mobil, Statoil, Chevron, Braskem and Cubist Pharmaceuticals
Date:5/10/2013

CHICAGO, May 10, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Exxon Mobil Corporation (NYSE: XOM), Statoil ASA (NYSE: STO), Chevron Corporation (NYSE: CVX), Braskem S.A. (NYSE: BAK) and Cubist Pharmaceuticals, Inc. (Nasdaq: CBST).

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Here are highlights from Thursday's Analyst Blog:

Exxon to Expand Julia Oil Field

Energy giant, Exxon Mobil Corporation (NYSE: XOM) started the development of the Julia oil field in the Gulf of Mexico. Per company estimates this would bore a hole of over $4 billion in capital costs. The Julia field, which was discovered in 2007, is expected to contain reserves of approximately 6 million barrels.

The company expects to start production at the oil field in 2016. Exxon is targeting to start with daily production of 34,000 barrels of oil. To speed up things the company has already completed the project front end engineering design of the project. It has also placed the requisite engineering, procurement and construction contracts.

The Julia field has five leases in the ultra-deepwater Walker Ridge '/>"/>

SOURCE Zacks Investment Research, Inc.
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