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Exxon Mobil News (NYSE:XOM)

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04/29/201611:57AMDJNOil and Gas Stocks See Shares Rise After Reporting Results
By Bradley Olson, Erin Ailworth and Sarah Kent Exxon Mobil Corp. reported its worst quarterly results since 1999 on Friday, the latest in a parade of woeful earnings from oil and gas producers world-wide for the first three months of 2016 as a global supply glut dragged down prices and ate into profits. Yet despite a 63... More...>>
04/29/201610:02AMDJNExxon Mobil Posts Smallest Profit Since 1999 Merger--2nd Update
By Bradley Olson and Anne Steele Exxon Mobil Corp., the world's largest publicly traded oil company, saw its profit plunge 63% to the lowest level since 1999, a year when it nearly doubled in size by acquiring rival Mobil in an $80 billion deal. The sharp decline came amid a loss from its business producing oil and... More...>>
04/29/20169:50AMDJNChevron Reports Wider-Than-Expected Loss
Chevron Corp. on Friday reported a wider-than-expected loss amid lower oil prices and the stronger dollar. Shares in the second-largest energy company in the U.S. by revenue fell 1.5% to $100.91 in premarket trading. Chief Executive John Watson said the company's upstream business was impacted by a more than 35% decline... More...>>
04/29/20169:12AMDJNExxon Mobil Posts Smallest Profit Since 1999 Merger--Update
By Anne Steele Exxon Mobil Corp., the largest U.S. oil company, reported its smallest quarterly profit since 1999, a 63% plunge from a year ago, as oil prices remain depressed. Shares of Exxon, though, edged up 0.3% to $88.25 in premarket trading as the company's beat expectations. The Irving, Texas, company reported... More...>>
04/29/20169:10AMDJNExxon Mobil Profits Plunge 63%
Exxon Mobil Corp., the largest U.S. oil company, said its first-quarter profit plunged 63% as oil prices remain depressed, but the decline was smaller than analysts had predicted. Shares of Exxon edged up 0.8% to $88.75 in premarket trading as the company's beat expectations. The Irving, Texas, company reported a... More...>>
04/29/20169:00AMDJNExxon Mobil Profits Plunge 63%
By Anne Steele Exxon Mobil Corp., the largest U.S. oil company, said its first-quarter profit plunged 63% as oil prices remain depressed, but the decline was smaller than analysts had predicted. Shares of Exxon edged up 0.8% to $88.75 in premarket trading as the company's beat expectations. The Irving, Texas, company... More...>>
04/29/20168:00AMBWExxonMobil Earns $1.8 Billion in First Quarter of 2016
Cash flow reflects durability of the integrated business in a difficult environment Steady progress on investment plans; Capex down 33 percent Strong Chemical results highlight competitive advantages that drive value growth Exxon Mobil Corporation (NYSE:XOM):   First Quarter 2016   2015 % Earnings Summary (Dollars in... More...>>
04/29/20163:02AMDJNAhead of the Tape: Exxon Still Has Fuel in Its Tank -- WSJ
By Steven Russolillo If crude oil's steep selloff has taught anything, it is that no energy company is immune from it -- not even industry stalwart Exxon Mobil Corp. The energy giant lost a badge of honor on Tuesday when it was stripped of its coveted triple-A credit rating. Standard & Poor's cited concerns... More...>>
04/28/20162:40PMDJNEU High Court Rules Against Businesses on Carbon Credits
The European Union's highest court on Thursday ordered the European Commission to adjust its emissions-trading program in a way that could raise costs for some of the bloc's biggest companies. The European Court of Justice ruling reinforced the EU's efforts to more aggressively cap carbon-dioxide emissions... More...>>
04/28/20168:08AMBWCorporate Social Responsibility Related News Releases and Story Ideas for Reporters, Bloggers and Media Outlets
Following are the latest Corporate Social Responsibility news releases and story ideas available from Business Wire. These recaps, curated by Business Wire, provide reporters and bloggers around the globe instant access to the latest news releases, providing relevant and trending content to share with their audiences... More...>>
04/27/201610:00PMDJNSuncor Buys Out Murphy Oil Stake in Canada's Syncrude Oil Sands Consortium
CALGARY, Alberta—Suncor Energy Inc., Canada's largest crude-oil producer, said Wednesday that it bought an additional 5% stake in the Syncrude oil sands mining consortium from the local unit of Murphy Oil Corp., boosting its position as the largest owner. The 937 million Canadian dollar (US$744 million) deal... More...>>
04/27/20165:40PMDJNExxon Mobil Boosts Its Dividend Slightly
By Tess Stynes Exxon Mobil Corp. raised its dividend by 2.7% on Wednesday, the smallest percentage increase in the 34 straight years the company has boosted its quarterly payout. The move comes a day after Standard & Poor's Ratings Services stripped the global oil giant of its pristine triple-A-credit rating... More...>>
04/27/20163:03AMDJNExxon Loses Its Triple-A Rating -- WSJ
By Erin Ailworth and Austen Hufford Exxon Mobil Corp. was stripped Tuesday of the perfect triple-A credit rating it has held for more than six decades by Standard & Poor's Ratings Services, a sign that the oil bust is hurting even the strongest players in the energy industry. The world's largest publicly... More...>>
04/26/20166:38PMDJNOil Companies' Bet on Kurdistan Turns Sour
By Selina Williams Oil companies that piled into Iraqi Kurdistan after Saddam Hussein's ouster are running into trouble, unraveling the region's promise as source of easy-to-drill oil and threatening Iraq's production surge. Chevron Corp. and Exxon Mobil Corp. have been exploring for oil in Kurdistan since... More...>>
04/26/20161:10PMDJNS&P Strips Exxon of Triple-A Credit Rating
Standard & Poor's Ratings Services downgraded Exxon Mobil Corp., the world's largest publicly traded oil company, stripping it of its triple-A rating after more than 66 years with the pristine mark. Exxon was one of three American companies—alongside Microsoft Corp. and Johnson & Johnson—that... More...>>
04/26/201612:40PMDJNExxon Stripped of AAA Rating by S&P
After being rated at AAA by S&P since 1967, Exxon Mobil Corp. was just stripped of the gold-plated top grade by the ratings firm amid the ongoing price pressures in the oil patch. S&P had placed Exxon on watch for a potential downgrade on Feb. 2, following the massive firm's lowest quarterly profit in 13 years... More...>>
04/26/20169:30AMBWExxonMobil Contributes to Houston-Area Flood Recovery and Relief Efforts
Exxon Mobil Corporation (NYSE:XOM) announced today that it is contributing $100,000 toward American Red Cross disaster relief assistance for communities impacted by recent severe storms and flooding in the Greater Houston area. “We extend our heartfelt sympathies to residents who have been affected by the recent storms... More...>>
04/25/201611:00AMBWExxonMobil to Release First Quarter 2016 Financial Results
Exxon Mobil Corporation (NYSE:XOM) will release first quarter financial results on Friday, April 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...>>
04/25/20169:30AMBWExxonMobil Introduces Exceed XP Performance Polymers
Targets demanding film applications that require extreme performance Provides exceptional mechanical properties with excellent processability Film converters can tailor formulations for optimized performance ExxonMobil is expanding its comprehensive slate of polyethylene products with the introduction of Exceed™ XP performance... More...>>
04/25/20169:00AMBWNew ExxonMobil Grants Renew Longstanding Commitment to Fight Malaria
Company builds on 15-year legacy of investing in programs to reduce the global burden of malaria Grants support research, health services and capacity-building to fight the disease across affected countries Since 2000, ExxonMobil's partners have trained more than 500,000 health workers and distributed nearly 14 million... More...>>


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