Replies to post #29 on XTO Energy (XTO)

[MrBankRoll]

I guess some people don't like record production and earnings........

April 23, 2008 - 8:31 AM EDT

XTO Energy Announces 1Q Earnings and Record Production
FORT WORTH, Texas, April 23 /PRNewswire-FirstCall/ -- XTO Energy Inc. (NYSE: XTO) today reported record first quarter 2008 production of 2.11 billion cubic feet equivalent (Bcfe) per day, up 32% from the first quarter 2007 level of 1.60 Bcfe per day. Total revenues for the first quarter were $1.67 billion, a 43% increase from $1.17 billion the prior year. Earnings for the quarter were $465 million, or $0.94 per share ($0.92 diluted), compared with first quarter 2007 earnings of $383 million, or $0.83 per share ($0.82 diluted). First quarter 2008 earnings include the effects of a non-cash derivative fair value gain. Excluding this non-cash change, the Company's adjusted earnings were $456 million, or $0.92 per share ($0.91 diluted), compared to first quarter 2007 adjusted earnings of $406 million, or $0.89 per share ($0.87 diluted).(1)

[MrBankRoll]

Exxon Mobil Corporation and XTO Energy Inc. Announce Agreement

Business Wire

Exxon Mobil Corporation (NYSE: XOM) and XTO Energy Inc. announced today an all-stock transaction valued at $41 billion. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources.

Under the terms of the agreement, approved by the boards of directors of both companies, ExxonMobil has agreed to issue 0.7098 common shares for each common share of XTO. This represents a 25 percent premium to XTO stockholders. The transaction value includes $10 billion of existing XTO debt and is based on the closing share prices of ExxonMobil and XTO on December 11, 2009.

http://money.aol.com/rtn/pr/exxon-mobil-corporation-and-xto-energy-inc-announce-agreement/rfid280109265?channel=pf