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 Subscribe to WSJ:

Stock News for Exxon Mobil (XOM)
10/24/201609:00:00ExxonMobil to Release Third Quarter 2016 Financial Results
10/19/201611:28:31Statement of Changes in Beneficial Ownership (4)
10/19/201609:00:00ExxonMobil and Windmöller & Hölscher Showcase New Exceed XP P...
10/19/201607:00:00Saudi Energy Minister Sees End of Oil-Price Slump
10/17/201619:21:00Oil Search Revenue Lifted On-Quarter by Higher LNG Prices
10/17/201611:57:00ExxonMobil Expands New Exceed XP Performance Polymers Portfolio
10/17/201609:41:00ExxonMobil Expands New Exceed XP Performance Polymers Porfolio
10/17/201609:39:00ExxonMobil Introduces New Exceed XP Performance Polymers Grades...
10/17/201609:31:00ExxonMobil Introduces New Exceed XP Performance Polymers Grades...
10/10/201606:00:00InterOil Provides Update on ExxonMobil Transaction
10/05/201614:00:00NBA and ExxonMobil Announce New Multiyear Partnership in U.S...
10/05/201613:20:00BHP to Expand Oil, Gas Efforts
10/04/201618:50:00Explorer Claims Major Oil Find in North Alaska
10/04/201611:02:00Exxon's Joliet Refinery Begins Seasonal Tune-Up
09/30/201616:05:00ExxonMobil Announces Retirement of Jack Balagia and Expected...
09/30/201615:46:34Statement of Changes in Beneficial Ownership (4)
09/21/201619:18:00Oil Sector, Investors React to SEC Probe of Exxon -- Update
09/21/201618:34:00Oil Sector, Investors React to SEC Probe of Exxon Over Climate...
09/21/201613:05:00InterOil Shareholders Overwhelmingly Approve ExxonMobil Transaction
09/19/201609:30:00A Recent Claim That Oil Futures Are Set to Rally

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