Latest Exxon Mobil Corp News

FILE - In this Nov. 23, 2019, file photo, Harvard and Yale students protest during halftime of the NCAA college football game between Harvard and Yale at the Yale Bowl in New Haven, Conn. Students alarmed by climate change are stepping up pressure on universities to stop investing in fossil fuel industries and are gaining wider traction in 2020. (Nic Antaya/The Boston Globe via AP, File)

Students push universities to stop investing in fossil fuels

Feb. 19, 2020 12:52 PM EST

NEW HAVEN, Conn. (AP) — Students alarmed by climate change are stepping up pressure on universities to pull investments from fossil fuel industries, an effort that is gaining traction at prestigious schools like Georgetown, Harvard and Yale. The push that is underway at hundreds of schools began nearly a...

FILE - In this Feb. 6, 2020, file photo trader Craig Spector works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 12. (AP Photo/Richard Drew, File)

Solid earnings send stock indexes higher on Wall Street

Feb. 12, 2020 5:11 PM EST

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains came as worries about the economic impact of the...

Fire erupts at ExxonMobil refinery in Louisiana; no injuries

Feb. 12, 2020 5:02 PM EST

BATON ROUGE, La. (AP) — A blaze inside a Louisiana refinery turned the night sky a shade of orange, sent a large plume of smoke into the air over Baton Rouge, and its heat could be felt across the Mississippi River. ExxonMobil said its volunteer fire crews put out the blaze. The fire erupted around 11:30...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 11, 2020. Asian stock markets followed Wall Street higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. (AP Photo/Ahn Young-joon)

Global stock turn higher as investors watch virus impact

Feb. 11, 2020 6:52 AM EST

BEIJING (AP) — Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. Indexes in London and Frankfurt advanced in Europe, while Shanghai, Hong Kong and Seoul closed higher. Tokyo fell for a second day. “Concerns over the coronavirus...

Watchdog group says Guyana lost billions in Exxon oil deal

Feb. 3, 2020 3:21 PM EST

HAVANA (AP) — A natural-resource watchdog group alleges in a new report that Guyana may have lost as much as $55 billion in potential revenue by poorly negotiating a deal with Exxon Mobil to pump reserves that are expected to make the small South American country into the world's newest major oil producer....

FILE - In this Jan. 9, 2020, file photo trader Michael Milano works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 31. (AP Photo/Richard Drew, File)

Stocks sink on fears virus outbreak will dent global economy

Jan. 31, 2020 5:36 PM EST

Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth. The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for January. Technology companies, which do a lot of business...

Exxon Mobil, Amgen fall; Amazon, IBM rise

Jan. 31, 2020 4:17 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Amazon.com Inc., up $134.04 to $2,008.72 The online retailer blew past Wall Street's fourth-quarter profit forecasts as Prime membership surged. Visa Inc., down $9.24 to $198.97 The payment processing giant reported weak fiscal...

In this Jan. 28, 2020, photo a Mobil sign is affixed to an Exxon Mobil fuel pump in Marlborough, Mass. Exxon Mobil Corp. reports financial results Friday, Jan. 31. (AP Photo/Bill Sikes)

Exxon, Chevron profits fall on low gas prices, weak margins

Jan. 31, 2020 12:36 PM EST

Exxon Mobil's profit slid more than 5% in the fourth quarter of 2019, as the oil giant dealt with low natural gas prices and weak margins in its chemical and retail fuel operations. The country's largest oil producer posted $5.69 billion in profits, or $1.33 per share, for the quarter, which was lower than some...

FILE - In this Wednesday, May 5, 2010 file photo, oil dispersant and a sheen are seen on the surface of the water in the Gulf of Mexico off the coast of Louisiana. In a lawsuit filed Thursday, Jan. 30, 2020, environmental groups and women from Alaska and Louisiana are asking a federal court to make the Environmental Protection Agency set new rules for use of oil spill dispersants, citing worries about the chemicals' health and environmental effects. (Matt Stamey/The Houma Daily Courier via AP)

Lawsuit: EPA has dragged feet on oil spill dispersant rules

Jan. 30, 2020 4:20 PM EST

NEW ORLEANS (AP) — Environmental groups and women from Alaska and Louisiana are asking a federal court to make the Environmental Protection Agency set new rules for use of oil spill dispersants, citing worries about the chemicals' health and environmental effects. “We want our foods to come to us....

Exxon Mobil, Bank of America fall; PG&E, Teradyne rise

Jan. 23, 2020 8:02 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: V.F. Corp., down $9.16 to $85.41 The maker of Vans and Timberland shoes cut its profit forecast for its fiscal year after reporting disappointing third-quarter revenue. Teradyne Inc., up $2.62 to $76.21 The semiconductor-testing...