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 [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
01/22/201712:52:00McCain, Graham Say They Will Back Tillerson's Nomination for...
01/20/201716:35:00NOTICE TO EXXON MOBIL CURRENT AND FORMER EMPLOYEES: ERISA Lead...
01/19/201718:22:00Santos 4Q Revenue Lifted by Rise in Sales Volumes
01/19/201712:14:00MARKET SNAPSHOT: Dow Under Pressure For Fifth Straight Session
01/19/201712:00:00MARKET SNAPSHOT: Dow Under Pressure For Fifth Straight Session
01/19/201711:35:00MARKET SNAPSHOT: Dow Under Pressure For Fifth Straight Session
01/19/201711:34:00MARKET SNAPSHOT: Dow On Track For Fifth Drop; Treasury Secretary...
01/19/201710:16:00MARKET SNAPSHOT: Dow Struggles To End 4-session Skid On Upbeat...
01/19/201707:11:00Sabic Profit Lifted by Falling Costs -- Update
01/18/201709:00:00Synthetic Genomics and ExxonMobil Renew Algae Biofuels Research...
01/18/201703:03:00Exxon Joins Land Rush In Red-Hot Southwest -- WSJ
01/17/201717:52:00Exxon Mobil Expands Permian Basin Footprint -- 2nd Update
01/17/201716:38:36Current Report Filing (8-k)
01/17/201711:40:00Exxon Mobil Expands Permian Basin Footprint -- Update
01/17/201710:17:00Exxon Mobil to Buy Permian Basin Land From Bass Family for More...
01/17/201709:00:00ExxonMobil to Acquire Companies Doubling Permian Basin Resource...
01/16/201709:00:00InterOil Files Management Information Circular for Proposed Transaction...
01/13/201718:49:00Marco Rubio's Vote Is Key for Secretary of State Nominee
01/13/201717:44:00Zamansky LLC Appointed Lead Counsel in ERISA Lawsuit for all...
01/13/201704:56:00PetroVietnam, Exxon Mobil Sign Agreement to Continue Joint Gas...

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US