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
05/28/201514:52:04Initial Statement of Beneficial Ownership (3)
05/28/201511:58:08Specialized Disclosure Report (sd)
05/28/201506:07:03Big Oil Stocks: 3 Risks ExxonMobil Shareholders Need to Know...
05/28/201503:50:39Chevron Sells Stake in New Zealand Refinery
05/27/201515:51:04Statement of Changes in Beneficial Ownership (4)
05/27/201513:55:00Doug Oberhelman Elected to ExxonMobil Board
05/27/201511:07:02Oil Majors Falling Out Favor With This Hedge Fund Boss
05/26/201515:51:14Top 4 Oil Companies for Dividend Investors
05/26/201513:06:0210 Largest Capital Expenditures in Natural Gas
05/24/201516:29:18Oil Companies Look to Join Climate Debate
05/23/201511:00:023 Safe Investments in Commodities
05/22/201517:00:03Should You Follow Goldman Sachs Advice on Oil Stocks?
05/22/201510:20:00Media Reports About ExxonMobil Lobbying on Iran Sanctions Are...
05/20/201520:37:07Exxon, Worleyparsons Settle Dispute for US$78 Million
05/20/201513:13:00ExxonMobil Announces Significant Oil Discovery Offshore Guyana
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201508:00:00Bigger Than the Bakken: Energy Companies Setting Their Sights...
05/19/201519:00:15Tim Cook is Making His Mark on Apple
05/19/201515:08:58Which Big Oil Stock Would Benjamin Graham Buy Today?
05/18/201521:09:03The 30 Dow Jones Stocks

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad