Latest Exxon Mobil Corp News

A Turkish-made Bayraktar TB2 drone is seen shortly after its landing at an airport in Gecitkala, known as Lefkoniko in Greek, in Cyprus, Monday, Dec. 16, 2019. Turkey has dispatched the surveillance and reconnaissance drone to the breakaway north of ethnically divided island nation of Cyprus amid tensions over offshore oil and gas exploration. It's unclear what the drones will be specifically tasked to do.Turkey doesn't recognize Cyprus as a state and asserts that 44% of the island nation's exclusive economic zone are its own. (DHA via AP)

Cyprus blasts 'pirate state' Turkey's new gas drilling bid

Jan. 19, 2020 12:53 PM EST

NICOSIA, Cyprus (AP) — Cyprus on Sunday denounced Turkey as a “pirate state" that flouts international law as Turkey's bid to drill for natural gas in waters where Cyprus has economic rights rekindled tensions over energy reserves in the eastern Mediterranean. Cyprus said Turkey was now attempting...

A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 9, 2020. Asian stock markets rebounded Thursday as anxiety over potential U.S.-Iranian conflict eased. (AP Photo/Ahn Young-joon)

Global stocks, oil prices stabilize as Iran anxiety eases

Jan. 9, 2020 7:55 AM EST

BEIJING (AP) — Global stock markets and oil prices edged up Thursday as anxiety over potential U.S.-Iranian armed conflict eased. Indexes in London and Frankfurt rose after Tokyo closed more than 2% higher. Shanghai and Hong Kong also advanced, while Wall Street futures pointed to gains on the open....

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 8, 2020. Oil prices rose and Asian stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Tokyo's stock market benchmark fell nearly 2%.(AP Photo/Koji Sasahara)

Oil up, stocks down after Iran missile attack on US troops

Jan. 8, 2020 4:05 AM EST

BEIJING (AP) — Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel in London before retreating. Stock markets...

Cypriot Energy Minister Georgios Lakkotrypis, front left, Greek Energy Minister Kostis Hatzidakis, front center, and Israel's Minister of Energy and Water Yuval Steinitz sign an agreement as Greece's Prime Minister Kyriakos Mitsotakis, rear center, Cypriot President Nicos Anastasiadis, rear left, and Israeli Prime Minister Benjamin Netanyahu look on, in Athens, Thursday, Jan. 2, 2020. The leaders of Greece, Israel and Cyprus met in Athens Thursday to sign a deal aiming to build a key undersea pipeline, named EastMed, designed to carry gas from new rich offshore deposits in the southeastern Mediterranean to continental Europe. (AP Photo/Yorgos Karahalis)

Greece, Israel, Cyprus sign deal for EastMed gas pipeline

Jan. 2, 2020 2:24 PM EST

ATHENS, Greece (AP) — Greece, Israel and Cyprus signed a deal Thursday to build an undersea pipeline to carry gas from new offshore deposits in the southeastern Mediterranean to continental Europe. The 1,900-kilometer (1,300-mile) EastMed pipeline is intended to provide an alternative gas source for...

FILE - In this Friday, Dec. 13, 2019, file photo trader Robert Charmak works on the floor of the New York Stock Exchange. Stocks are opening higher on Wall Street on Monday, Dec. 16, following gains overseas as China reported encouraging news on its economy. (AP Photo/Richard Drew, File)

Stocks rise on Wall Street as rally stretches to fourth day

Dec. 16, 2019 4:56 PM EST

Stocks closed broadly higher on Wall Street Monday, extending the market’s gains from last week and sending the major indexes to record highs. The S&P 500 and Nasdaq notched all-time highs for the third straight trading day. The Dow Jones Industrial Average bested its last record high set in late...

Chinese-led consortium to build Cyprus' gas import terminal

Dec. 13, 2019 9:58 AM EST

NICOSIA, Cyprus (AP) — Cyprus signed a deal on Friday with a Chinese-led consortium to build the east Mediterranean island nation's first natural gas import terminal that officials said will help the country generate cleaner and cheaper energy. Energy Minister Georgios Lakkotrypis said the 289 million-euro...

Saudi Arabia's state-owned oil company Saudi Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market in Riyadh, Saudi Arabia, Wednesday, Dec. 11, 2019. (AP Photo/Amr Nabil)

Saudi stock offering creates world's most valuable company

Dec. 11, 2019 5:01 PM EST

RIYADH, Saudi Arabia (AP) — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares' 10%...

Turkey doesn't rule out force to halt drilling off Cyprus

Dec. 11, 2019 7:36 AM EST

ANKARA, Turkey (AP) — Turkey could use its military forces to halt any exploratory gas drilling in waters off Cyprus that it claims as its own, Turkey's foreign minister warned Wednesday. Foreign Minister Mevlut Cavusoglu told the pro-government A Haber news channel that Turkey “has the right to...

FILE - This Oct. 8, 2019, file photo shows the logo for Chevron on the floor of the New York Stock Exchange. Chevron Corp. reports financial results Friday, Nov. 1. Chevron said Tuesday, Dec. 10, it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas are making some projects less valuable.  (AP Photo/Richard Drew, File)

Chevron will write down assets by at least $10 billion

Dec. 10, 2019 7:04 PM EST

SAN RAMON, Calif. (AP) — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...

FILE - In this Oct. 22, 2019, file photo, Ted Wells, Jr., the lead attorney for Exxon, leaves New York Supreme Court in New York, after opening arguments in a lawsuit against Exxon. Exxon Mobil prevailed Tuesday, Dec. 10, 2019, in a lawsuit accusing the energy giant of downplaying the toll that climate change regulations could take on its business, with a judge saying the state attorney general's case didn't prove the company deceived investors — but also didn't excuse it of any accountability for global warming (AP Photo/Mary Altaffer, File)

Exxon Mobil prevails in lawsuit over climate regulations

Dec. 10, 2019 5:39 PM EST

NEW YORK (AP) — Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James' office didn't prove the...