ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

Rosneft Working on Sanctions Strategy

LONDON--Russia's state-controlled oil giant OAO Rosneft said Friday it is working out how to deal with U.S. sanctions affecting the company as it reported a surge in second quarter net profit. The U.S. last week imposed sanctions that prevent people or firms with ties to the U.S. from providing medium- and long-term credit to some of Russia's biggest companies, including Rosneft. The European Union is meantime considering sanctions which could include a ban on exports of energy technology for deep-water and Arctic oil-drilling in Russia. Rosneft, nearly-20% owned by the U.K. oil major BP PLC, has substantial interests in such activities, and is partnering with the U.S.'s Exxon Mobil Corp. in Arctic oil exploration. "Together with our partners-the world's leading oil companies-we are working on a plan to minimize the consequences of including Rosneft on the sanction lists," the company said in a statement. The U.S. Treasury Department already in May placed sanctions on Rosneft Chief Executive Igor Sechin over Moscow's annexation of Crimea in Ukraine. Under the sanctions, U.S. nationals aren't allowed to do business with Mr. Sechin, but may deal with the company as he isn't its majority owner. Rosneft, the world's largest listed oil producer, said its revenue rose by 22% to 1.435 trillion rubles ($40.9 billion) in the second quarter compared with 1.176 trillion rubles ($33.5 billion) a year ago. Its net profit was up almost fivefold at 172 billion rubles ($4.9 billion), largely due to a stronger ruble. The company's oil and gas production increased by 4.6% on-year to 5 million barrels of oil equivalent a day. Write to Selina Williams at selina.williams@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
05/03/201607:50:00Norway Oil Fund Backs Exxon Climate Stress Tests
04/30/201603:03:00Exxon Swoons, but Investors Cheer -- WSJ
04/29/201619:27:00Investors Optimistic About Oil-Company Stocks After Earnings...
04/29/201615:29:00Investors Optimistic About Oil-Company Stocks After Earnings...
04/29/201611:57:00Oil and Gas Stocks See Shares Rise After Reporting Results
04/29/201610:02:00Exxon Mobil Posts Smallest Profit Since 1999 Merger--2nd Update
04/29/201609:50:00Chevron Reports Wider-Than-Expected Loss
04/29/201609:12:00Exxon Mobil Posts Smallest Profit Since 1999 Merger--Update
04/29/201609:10:00Exxon Mobil Profits Plunge 63%
04/29/201609:00:00Exxon Mobil Profits Plunge 63%
04/29/201608:02:14Current Report Filing (8-k)
04/29/201608:00:00ExxonMobil Earns $1.8 Billion in First Quarter of 2016
04/29/201603:02:00Ahead of the Tape: Exxon Still Has Fuel in Its Tank -- WSJ
04/28/201614:40:00EU High Court Rules Against Businesses on Carbon Credits
04/28/201608:08:00Corporate Social Responsibility Related News Releases and Story...
04/27/201622:00:00Suncor Buys Out Murphy Oil Stake in Canada's Syncrude Oil Sands...
04/27/201617:40:00Exxon Mobil Boosts Its Dividend Slightly
04/27/201603:03:00Exxon Loses Its Triple-A Rating -- WSJ
04/26/201618:38:00Oil Companies' Bet on Kurdistan Turns Sour
04/26/201613:10:00S&P Strips Exxon of Triple-A Credit Rating

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad