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Exxon Mobil News (NYSE:XOM)

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06/30/201612:50PMDJNCalifornia Attorney General Investigating Major Oil Refiners
California's attorney general has issued subpoenas to major oil refiners as part of an investigation into whether the companies artificially raised retail gasoline prices in the state, according to people familiar with the matter. The subpoenas, sent in late May to Tesoro Corp., Chevron Corp., Exxon Mobil Corp. and... More...>>
06/30/201612:35PMDJNCalifornia Attorney General Investigating Major Oil Refiners
By Bradley Olson and Amy Harder California's attorney general has issued subpoenas to major oil refiners as part of an investigation into whether the companies artificially raised retail gasoline prices in the state, according to people familiar with the matter. The subpoenas, sent in late May to Tesoro Corp., Chevron... More...>>
06/30/201610:01AMDJNExxon Says 2nd Well Confirms Major Offshore Guyana Discovery
By Tess Stynes Exxon Mobil Corp. said a second exploration well roughly 120 miles off the coast of Guyana confirms a "world class" discovery of high-quality oil in the Stabroek block. The Irving, Texas, oil giant initially unveiled the discovery of massive offshore oil and gas deposits off the coast of the small... More...>>
06/30/20168:00AMBWExxonMobil Says Second Well Offshore Guyana Confirms Significant Oil Discovery
Potential recoverable resource of 800 million to 1.4 billion oil-equivalent barrels Well is second on 6.6-million acre Stabroek block and drilled to 17,963 feet Test confirms high-quality oil Exxon Mobil Corporation (NYSE:XOM) today said that drilling results from the Liza-2 well, the second exploration well in the Stabroek... More...>>
06/30/20167:50AMDJNExxon Touts Carbon Tax to Oil Industry
Exxon Mobil Corp. is ramping up its lobbying of other energy companies to support a carbon tax, marking a shift in the oil giant's approach to climate change as the industry faces growing pressure to address the politically charged issue. Exxon's official position has long been the same—a carbon tax is... More...>>
06/30/20165:59AMDJNExxon Touts Carbon Tax to Oil Industry
By Amy Harder and Bradley Olson Exxon Mobil Corp. is ramping up its lobbying of other energy companies to support a carbon tax, marking a shift in the oil giant's approach to climate change as the industry faces growing pressure to address the politically charged issue. Exxon's official position has long been... More...>>
06/23/20162:20PMDJNU.S. Oil Output to Get Boost From Gulf
Oil companies are pumping more crude off the U.S. coast in the Gulf of Mexico, a surprising trend that shows the resilience of the nation's energy industry. Despite the worst price downturn in a generation, so much oil is starting to pour forth from offshore fields near Louisiana and Texas that it is partially offsetting... More...>>
06/21/201610:07AMDJNMARKET SNAPSHOT: U.S. Stocks Step Higher As Markets Await Yellen Testimony
By Ellie Ismailidou and Victor Reklaitis, MarketWatch Market on track for second day of gains sparked by Brexit polls U.S. stocks saw modest early gains Tuesday, building on the previous session's advance as investors awaited congressional testimony from Federal Reserve Chairwoman Janet Yellen. The S&P 500 gained... More...>>
06/20/20163:42PMDJNCrane Collapse at Exxon's Torrance Refinery Injures Three
By Dan Molinski Three workers at Exxon Mobil Corp.'s (XOM) refinery in Torrance, Calif. sustained minor injuries Monday when a 300-ton crane collapsed, an official said. Bob Millea of the Torrance Fire Department said one of the workers hurt his knee but didn't have other specifics on the injuries. He said the... More...>>
06/16/20168:30AMDJNExxon Evacuates Workers Amid California Wildfire
Exxon Mobil Corp. said it has evacuated nonessential personnel from its Las Flores Canyon processing plant in southern California as a fast-moving wildfire expanded Thursday. The so-called Sherpa fire that broke out Wednesday afternoon in the Refugio Canyon area of Santa Barbara county by early Thursday had charred some... More...>>
06/16/20168:21AMDJNExxon Evacuates Workers Amid California Wildfire
By Dan Molinski Exxon Mobil Corp. said it has evacuated nonessential personnel from its Las Flores Canyon processing plant in southern California as a fast-moving wildfire expanded Thursday. The so-called Sherpa fire that broke out Wednesday afternoon in the Refugio Canyon area of Santa Barbara county by early Thursday... More...>>
06/16/20163:03AMDJNExxon Seeks to Block State's Order for Files -- WSJ
By Bradley Olson Exxon Mobil Corp. is seeking an injunction against the Massachusetts attorney general, alleging that a wide-ranging investigation into the oil company is politically motivated and violates its constitutional rights. Exxon, based in Irving, Texas, wants to block a Massachusetts subpoena that sought documents... More...>>
06/15/20167:01PMDJNExxon Seeking Injunction Against Climate-Change Investigation
By Bradley Olson Exxon Mobil Corp. is seeking an injunction against the Massachusetts attorney general, alleging that a wide-ranging investigation into the oil company is politically motivated and violates its constitutional rights. Exxon, based in Irving, Texas, wants to block a Massachusetts subpoena that sought documents... More...>>
06/15/20165:01PMDJNExxon's Beaumont Refinery Gets All-Clear After Bomb Threat
By Dan Molinski Authorities investigating a bomb threat Wednesday at an Exxon Mobil Corp. refinery in Texas gave the all-clear signal after a search turned up nothing. Workers at the 345,000-barrel-a-day Beaumont refinery had taken shelter inside the plant after the phoned-in bomb threat, said Marcus McLellan at the Jefferson... More...>>
06/15/20164:20PMDJNExxon Seeking Injunction Against Climate-Change Investigation
Exxon Mobil Corp. is seeking an injunction against the Massachusetts attorney general, alleging that a wide-ranging investigation into the oil company is politically motivated and violates its constitutional rights. Exxon, based in Irving, Texas, wants to block a Massachusetts subpoena that sought documents relating to... More...>>
06/15/20164:11PMDJNExxon Seeking Injunction Against Climate-Change Investigation
By Bradley Olson Exxon Mobil Corp. is seeking an injunction against the Massachusetts attorney general, alleging that a wide-ranging investigation into the oil company is politically motivated and violates its constitutional rights. Exxon, based in Irving, Texas, wants to block a Massachusetts subpoena that sought documents... More...>>
06/15/20162:51PMDJNExxon Says Bomb Threat Received at Refinery in Beaumont, Texas
By Dan Molinski Exxon Mobil Corp. (XOM) said Wednesday it has received a bomb threat at its refinery in Beaumont, Texas, and is taking steps to secure the area. "Local and federal authorities have been contacted and are on scene," Exxon spokesman Todd Spitler said in an email. "We take these threats very... More...>>
06/10/20165:47AMDJNStatoil Lowers Expectations off Newfoundland
By Kjetil Malkenes Hovland OSLO-Norway's Statoil ASA (STO) said Friday that a 19-month drilling campaign had found that the size of the remote Bay du Nord discovery off Newfoundland could be at the lower end of a previous estimate, which may make exploitation less viable. The nine-well drilling campaign confirmed... More...>>
06/06/20166:30AMDJNOil Markets Open Up as Global Outages Curb Supply
LONDON—Oil markets opened the week trading up on Monday, supported by global supply outages which were helping to curb physical supply. The global benchmark, Brent, gained 1.15% to reach $50.21 a barrel. Its U.S. counterpart, West Texas Intermediate, was trading up 1.13% at $49.17 a barrel. Oil supply in Nigeria... More...>>
06/03/20164:29AMDJNStatoil Tightens Grip on Utgard Field in North Sea
By Kjetil Malkenes Hovland OSLO-Norway's Statoil said Friday it had taken control of the U.K. part of the Utgard gas field in the North Sea by acquiring a 45% stake from Japan's JX Nippon for an undisclosed amount, after previously snapping up stakes from First Oil and Talisman Sinopec. The Norwegian state-controlled... More...>>
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