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
07/03/201514:20:02I Finally Took My Own Advice and Bought Shares of ExxonMobil
06/26/201518:55:46Guyana Assures Exxon Venezuela Dispute Won't Slow Oil Exploration
06/26/201516:40:27Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/26/201516:27:07Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/23/201521:10:40Exxon Stops Pumping Oil off Coast of Santa Barbara
06/23/201513:00:32Dutch Government to Cut Groningen Gas-Field Output
06/22/201521:24:33NGLs: What They Are, and Why You Should Know
06/19/201516:59:56Annual Report of Employee Stock Plans (11-k)
06/18/201518:07:24Exxon Mobil, Petroleos de Venezuela to Sell Jointly Owned Refinery...
06/18/201515:09:39Here’s Why PBF Energy Inc’s Stock Surged 16% Today
06/18/201514:34:00ExxonMobil, Korea Institute of Technology and Korea Gas Corporation...
06/18/201513:10:09PBF Energy to Buy Louisiana Plant
06/18/201513:06:32PBF Energy to Buy Refinery in Louisiana
06/18/201511:46:00ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana
06/18/201511:45:03How Big Oil Was Saved From the Oil Price Crash
06/17/201514:00:023 Stock Market Tips for Investing in Oil
06/16/201516:29:11Statement of Changes in Beneficial Ownership (4)
06/16/201507:55:00ExxonMobil Announces Kearl Expansion Project Starts Production...
06/11/201512:26:3410 Most Profitable Businesses in Texas
06/10/201516:00:25Exxon Says It Didn't Cause Texas Quakes

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