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Exxon Mobil News (NYSE:XOM)

DateTimeSource
Headline
02/05/20163:03AMDJNPay Dividends Or Keep Ratings
(FROM THE WALL STREET JOURNAL 2/5/16) By Sarah Kent and Bradley Olson The world's biggest energy companies have a tough decision to make amid languishing oil prices: Do they keep their coveted investment-grade credit ratings or maintain century-old practices of paying shareholders annual dividends worth billions in... More...>>
02/04/20162:30PMDJNSuncor CEO Vows to Protect Dividend Amid Oil-Price Swoon
CALGARY, Alberta—The head of Suncor Energy Inc. on Thursday said he would protect his company's dividend and avoid further job cuts, vows that come a day after Canada's largest crude-oil producer reported a hefty quarterly loss and slashed spending plans. Calgary, Alberta-based Suncor reported a fourth-quarter... More...>>
02/03/201611:10PMDJNCanadian Oil Giant Suncor Energy Posts Loss
CALGARY, Alberta—Suncor Energy Inc.,Canada's largest crude-oil producer, late Wednesday reported a fourth-quarter net loss of $2 billion Canadian dollars ($1.45 billion) and slashed its 2016 capital spending budget by hundreds of millions of dollars due to sharply lower oil prices. In a glum omen for the rest... More...>>
02/03/20165:47PMDJNOil Prices Rise 8% on Weak Dollar, Despite Daunting Supply Data
By Nicole Friedman NEW YORK--Oil prices soared on Wednesday, as traders looked past record-high U.S. crude inventories and focused on the sliding dollar. Light, sweet crude for March delivery settled up $2.40, or 8%, at $32.28 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, rose $2.32... More...>>
02/03/20165:23PMDJNMARKET SNAPSHOT: Bipolar Dow Industrials Ends Sharply Higher, Reversing Early Tumble
By Ellie Ismailidou and Sara Sjolin, MarketWatch ISM services index disappoints; Yahoo, Chipotle tumble on weak earnings U.S. stocks staged a late-day rally on Wednesday, as a big jump in oil prices lifted the energy and materials sectors, and battered financials reversed ugly losses. Energy stocks were the best performers... More...>>
02/03/20165:19PMDJNMARKET SNAPSHOT: Bipolar Dow Industrials Ends Sharply Higher, Reversing Early Tumble
By Ellie Ismailidou and Sara Sjolin, MarketWatch ISM services index disappoints; Yahoo, Chipotle tumble on weak earnings U.S. stocks staged a late-day rally on Wednesday, as a big jump in oil prices lifted the energy and materials sectors, and battered financials reversed ugly losses. Energy stocks were the best performers... More...>>
02/03/20163:57PMDJNOil Prices Rise 8% on Weak Dollar, Despite Daunting Supply Data
By Nicole Friedman NEW YORK--Oil prices soared on Wednesday, as traders looked past record-high U.S. crude inventories and focused on the sliding dollar. Light, sweet crude for March delivery settled up $2.40, or 8%, at $32.28 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, rose $2.32... More...>>
02/03/20163:53PMDJNMARKET SNAPSHOT: Wall Street Pivots Higher; Dow Sees Triple-digit Gain
By Ellie Ismailidou and Sara Sjolin, MarketWatch ISM services index disappoints; Yahoo, Chipotle tumble on weak earnings The Dow Jones Industrial Average swung sharply higher Wednesday afternoon, as a surge in oil prices boosted energy and materials stocks in a session marked by wild shifts. The Dow industrials erased... More...>>
02/03/20163:02AMDJNCrude Slump Pressures Exxon, BP
(FROM THE WALL STREET JOURNAL 2/3/16) By Sarah Kent and Bradley Olson Exxon Mobil Corp. posted its weakest annual results in more than a decade and BP PLC suffered a loss as big as that booked in the aftermath of the worst offshore oil spill in its history, showing the extent of the damage that the 20-month crude-price... More...>>
02/03/20162:00AMDJNCrude Oil Stays Below $30 a Barrel
Crude-oil prices stayed below $30 a barrel in early Asian trade Wednesday as anticipation of bigger U.S. crude stockpiles deepened the already-bearish outlook on oil. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March fell below the $30 mark overnight and traded at $29.68 a barrel at... More...>>
02/02/20168:50PMDJNJapan's Shares Fall Sharply
Markets in Asia fell sharply Wednesday, as a steep drop in crude prices rekindled concerns that global growth is slowing. Energy stocks in Australia were down 3%, putting the broader S&P/ASX 200 off 1.7%. Losses on Japan's Nikkei Stock Average deepened by 2.8% in early trading, while South Korea's Kospi slipped... More...>>
02/02/20168:10PMDJNOil Slump Pressures Exxon, BP Results
Exxon Mobil Corp. posted its weakest annual results in more than a decade and BP PLC suffered a loss as big as that booked in the aftermath of the worst offshore oil spill in its history, showing the extent of the damage that the 20-month crude-price slump can inflict on even the biggest and most secure oil companies... More...>>
02/02/20167:59PMDJNOil Slump Pressures Exxon, BP Results
By Sarah Kent and Bradley Olson Exxon Mobil Corp. posted its weakest annual results in more than a decade and BP PLC suffered a loss as big as that booked in the aftermath of the worst offshore oil spill in its history, showing the extent of the damage that the 20-month crude-price slump can inflict on even the biggest... More...>>
02/02/20165:00PMDJNS&P Cuts Ratings of 10 U.S. Oil Companies
Standard & Poor's Ratings Services on Tuesday cut the ratings of 10 U.S. oil and gas exploration and production companies, citing the sharp drop in crude oil prices. Chevron Corp., the second-largest U.S. energy company by revenue, was among the companies that had their credit ratings cut. Its corporate credit... More...>>
02/02/20162:54PMDJNExxon Mobil Profit Tumbles 58% -- 3rd Update
By Bradley Olson and Chelsey Dulaney Exxon Mobil Corp., the world's largest publicly traded oil company, said fourth-quarter profit tumbled 58%, to the lowest level since 2002, as the worst oil crash in decades hampered drilling operations. The Irving, Texas company disclosed plans to put its share buyback plan on... More...>>
02/02/201612:05PMDJNExxon Gets OK to Truck Crude Oil on California Highway -- Update
By Dan Molinski Exxon Mobil Corp. (XOM) has been given permission to truck hundreds of thousands of barrels of crude oil on a scenic California highway after the oil was left stranded in storage tanks following a pipeline rupture last year. "The approval is limited to trucking the total of approximately 425,000 barrels... More...>>
02/02/201611:44AMDJNExxon Mobil Profit Tumbles 58%-- 2nd Update
By Chelsey Dulaney Exxon Mobil Corp., the world's largest publicly-traded oil company, said fourth-quarter profit tumbled 58%, to the lowest level since 2002, as the worst oil crash in decades hampered drilling operations. The Irving, Texas company disclosed plans to put its share buyback plan on hold to preserve... More...>>
02/02/20169:10AMDJNExxon Mobil Profit Tumbles 58%--Update
By Chelsey Dulaney Exxon Mobil Corp., the largest U.S. oil company, said its fourth-quarter profit tumbled 58% as depressed oil prices continue to hamper its exploration and production business. The Irving, Texas, company reported a profit of $2.78 billion, or 67 cents a share, down from $6.57 billion, or $1.56 a share... More...>>
02/02/20169:02AMDJNExxon Gets Ok to Truck Crude Oil on California Highway
By Dan Molinski Exxon Mobil Corp. has been given permission to truck hundreds of thousands of barrels of crude oil on a scenic California highway after the oil was left stranded in storage tanks following a pipeline rupture last year. "The approval is limited to trucking the total of approximately 425,000 barrels... More...>>
02/02/20169:00AMDJNExxon Mobil Profit Tumbles 58%
Exxon Mobil Corp., the largest U.S. oil company, said its fourth-quarter profit tumbled 58% as oil prices remain depressed, but the decline was smaller than analysts had feared. The Irving, Texas, company reported a profit of $2.78 billion, or 67 cents a share, down from $6.57 billion, or $1.56 a share, a year earlier... More...>>


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