Latest Exxon Mobil Corp News
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: JPMorgan Chase & Co., down $12.64 to $182.79. The bank gave investors a lower-than-expected forecast for its annual net interest income. Newmont Corp., down 43...
Climate change cost U.S. ski industry billions, study says, and future depends on emissions
DENVER (AP) — U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change and could lose around $1 billion annually in the 2050s depending on how much emissions are reduced, a new study found. People “may not care about the loss of the species...
Chevron warns that its $53B acquisition of Hess Corp. may be in jeopardy over key asset in Guyana
Chevron warned Monday that its pending $53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold rights to development of an oil field off the coast of the South American nation Guyana. ...
Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average
Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce pioneer will officially take its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator...
Potential $50 billion Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. Growing confidence in an economic recovery, particularly in the U.S., has driven massive deals in the energy sector in...
ExxonMobil to explore for oil and gas in offshore area under dispute by Guyana and Venezuela
GEORGETOWN, Guyana (AP) — ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two U.S. oil companies. The move could escalate tensions between Venezuela and neighboring Guyana, which awarded the...
BP earns $3 billion at the end of last year but saw its annual profit fall by half from 2022
LONDON (AP) — Oil and natural gas giant BP beat expectations on Tuesday with earnings of $3 billion in the last three months of 2023, bringing last year's total to half its record 2022 profit as energy prices have fallen since spiking after Russia's invasion of Ukraine. ...
Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations
Exxon Mobil's fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. ...
Exxon: Q4 Earnings Snapshot
SPRING, Texas (AP) — SPRING, Texas (AP) — Exxon Mobil Corp. (XOM) on Friday reported fourth-quarter earnings of $7.63 billion. The Spring, Texas-based company said it had profit of $1.91 per share. Earnings, adjusted for one-time gains and costs, came to $2.48 per share. ...
After a record year, Norway's giant oil fund pledges to push sustainable energy
STAVANGER, Norway (AP) — The manager of the world’s largest sovereign wealth fund pledged Tuesday to push major oil and gas companies to speed up preparations for the “inescapable” transition away from planet-warming fossil fuels while also twisting arms in U.S. boardrooms to take control...
