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Exxon Mobil News (NYSE:XOM)

DateTimeSource
Headline
07/30/20163:02AMDJNOil Price Retreat Slams Producers -- WSJ
By Bradley Olson and Selina Williams The world's biggest oil companies posted losses or steep declines in profit for the second quarter, and now face a daunting remainder of the year as crude prices retreat to about $41 a barrel. Exxon Mobil Corp. on Friday reported its quarterly profit fell 60% to the lowest level... More...>>
07/29/20163:21PMDJNLow Crude Prices Hammer Big Oil Companies -- Update
By Bradley Olson and Selina Williams It is looking like another lost year for the world's biggest oil companies, as profits shrank dramatically during the second quarter and they now face a volatile end to 2016 while crude prices veer again to just over $41 a barrel. Exxon Mobil Corp. on Friday reported its quarterly... More...>>
07/29/201612:30PMDJNLow Crude Prices Hammer Big Oil Companies
Exxon Mobil Corp. saw profit fall 60%, and Chevron reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they face as crude prices fall to just above $40 a barrel. Shares of both companies fell Friday morning... More...>>
07/29/201612:11PMDJNLow Crude Prices Hammer Big Oil Companies
By Bradley Olson and Anne Steele Exxon Mobil Corp. saw profit fall 60%, and Chevron reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they face as crude prices fall to just above $40 a barrel. Shares... More...>>
07/29/201610:21AMDJNExxon Mobil Profit Falls to a New Low--2nd Update
By Anne Steele Exxon Mobil Corp. said its quarterly profit dropped 60%, again plumbing a new low since the 1999 merger of Exxon and Mobil, as the oil giant remains racked by low energy prices. Shares slipped 2.4% to $88.06 as results came in sharply below expectations. The company has now posted seven straight quarters... More...>>
07/29/201610:05AMDJNExxon Profit and Revenue Slide Again--Update
By Anne Steele Exxon Mobil Corp. said its quarterly profit dropped 60% and its top and bottom lines came in worse than expected as the oil giant remains racked by low energy prices. Shares slipped 3.6% to $86.91 as the company reported its seventh straight quarter of year-over-year profit declines and its eighth straight... More...>>
07/29/20169:30AMDJNChevron Swings to a Loss
Chevron Corp. swung to a loss in the latest quarter—its third straight period in the red—as depressed prices continued to drag results, though the company's revenue decline was less than anticipated. Shares in the second-largest energy company in the U.S. by revenue fell 1.4% to $100.35. Chief Executive... More...>>
07/29/20169:10AMDJNExxon Profit and Revenue Slide Again
Exxon Mobil Corp. said its quarterly profit dropped 60% and its top and bottom lines came in worse than expected as the oil giant remains racked by low energy prices. Shares slipped 2.7% premarket to $87.80 as the company reported its seventh straight quarter of year-over-year profit declines and its eighth straight quarter... More...>>
07/29/20168:58AMDJNExxon Profit and Revenue Slide Again
By Anne Steele Exxon Mobil Corp. said its quarterly profit dropped 60% and its top and bottom lines came in worse than expected as the oil giant remains racked by low energy prices. Shares slipped 2.7% premarket to $87.80 as the company reported its seventh straight quarter of year-over-year profit declines and its eighth... More...>>
07/29/20168:00AMBWExxonMobil Earns $1.7 Billion in Second Quarter of 2016
• Cash flow reflects durability of the integrated portfolio amid continued industry volatility • Strong Chemical results highlight sustainable competitive advantages • Advancing attractive new investment opportunities across the value chain Exxon Mobil Corporation (NYSE: XOM):     Second Quarter     First Half... More...>>
07/29/20165:30AMDJNItaly's Eni Posts Loss on Weak Oil Price
Eni SpA swung to a loss in the second quarter as the low price of crude oil led to a steep drop in revenue, while the forced shutdown of a domestic oil field in southern Italy resulted in a drop in production. Like BP PLC, Royal Dutch Shell and other rivals that have reported weaker earnings in the second quarter, Eni... More...>>
07/28/20169:20AMDJNSaudi's Sabic Cuts Costs to Counter Earnings Fall
By Ahmed Al Omran RIYADH--Saudi Basic Industries Corp. (2010.SA), one of the world's biggest petrochemical companies, on Thursday said it has cut costs by 18% in the second quarter as it copes with a fall in earnings due to lower sales prices. "Global markets are going through difficulties and challenges when... More...>>
07/27/20161:13PMBWExxon Mobil Corporation Declares Third Quarter Dividend
The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 75 cents per share on the Common Stock, payable on September 9, 2016 to shareholders of record of Common Stock at the close of business on August 12, 2016. This third quarter dividend is at the same level as the dividend paid... More...>>
07/27/20165:50AMDJNStatoil Cuts Spending After Posting a Net Loss
OSLO—Norway's Statoil ASA said Wednesday it would cut capital expenditure by 8% to $12 billion this year compared with previous guidance, as the oil and gas producer swung to a second-quarter net loss on the year amid weak prices and low refining margins. Weaker-than-expected earnings across all its businesses... More...>>
07/26/201610:00AMBWExxonMobil to Expand Ultra-Low Sulfur Fuels Production at Beaumont Refinery
Production of ultra-low sulfur diesel and gasoline to expand by more than 40,000 barrels per day Proprietary technology removes sulfur and yields product with minimal octane loss Investment will ensure gasoline meets latest environmental standards ExxonMobil today announced plans to increase production of ultra-low sulfur... More...>>
07/25/20161:50PMDJNExxon, Saudi Firm Mull Petrochemical Joint Venture
Exxon Mobil Corp. is considering a major new petrochemical complex on the U.S. Gulf Coast that would be developed as a joint venture with Saudi Basic Industries Corp., one of the biggest chemical companies in the world. Monday's announcement is another signal that energy companies continue to find potential investment... More...>>
07/25/20161:10PMDJNExxon, Saudi Firm Seek to Build Petrochemical Plant on U.S. Gulf Coast
By Bradley Olson and Ahmed Al Omran Exxon Mobil Corp. is considering a major new petrochemical complex on the U.S. Gulf Coast that would be developed as a joint venture with Saudi Basic Industries Corp., one of the biggest chemical companies in the world. Monday's announcement is another signal that energy companies... More...>>
07/25/201612:46PMDJNSabic, Exxon Mobil Affiliate Consider JV Petrochemical Complex Devt in US
By Ahmed Al Omran RIYADH--Saudi Basic Industries Corp. and an affiliate of Exxon Mobil Corp.(XOM) are considering the potential development of a join-venture petrochemical complex on the U.S. Gulf Coast, the two companies said Monday. The project, if developed, will be located in Texas or Louisiana near natural gas feedstock... More...>>
07/25/20169:00AMBWExxonMobil to Release Second Quarter 2016 Financial Results
Exxon Mobil Corporation (NYSE:XOM) will release second quarter financial results on Friday, July 29, 2016. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jeff Woodbury, vice president of Investor Relations, will review the results during a listen-only conference call... More...>>
07/25/20168:35AMBWSABIC and ExxonMobil Evaluating Petrochemical Joint Venture on U.S. Gulf Coast
Potential new complex would be located in Texas or Louisiana near natural gas feedstock Project would include a steam cracker and derivative units Plans in early stages, final investment decision to follow study completion SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential... More...>>
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