Latest Exxon Mobil Corp News

ConocoPhillips seeking sales of Alaska assets

Nov. 22, 2019 9:12 AM EST

ANCHORAGE, Alaska (AP) — ConocoPhillips hopes to sell parts of its Alaska projects to offset risks and share the expenses of investments planned in the state, company officials said. The sale package includes old, new and unbuilt projects representing most of Conoco’s Alaska holdings,...

Asian shares mostly higher despite US-China trade anxiety

Nov. 21, 2019 11:22 PM EST

BEIJING (AP) — Stocks logged modest gains Friday in Asia after a lackluster overnight session on Wall Street ended with the market’s third straight drop. Reports suggesting Chinese Vice Premier Liu He, Beijing’s lead trade negotiator, has invited U.S. officials to China for talks helped...

Asian shares mixed amid caution on US-China trade talks

Nov. 18, 2019 10:30 PM EST

TOKYO (AP) — Asian shares are mixed as investors remain cautious over prospects for an agreement in trade talks between the United States and China. Japan’s benchmark Nikkei 225 edged 0.1% lower to 23,384.14. Australia’s S&P/ASX 200 added 0.4% to 6,745.60. South Korea’s Kospi...

Stocks head lower over mixed signals on trade negotiations

Nov. 18, 2019 10:27 AM EST

NEW YORK (AP) — U.S. stocks moved lower in early trading Monday as investors assessed mixed signals from the latest round of trade negotiations between the U.S. and China. Media reports early Monday suggested that China is pessimistic about a deal because of U.S. reluctance to ease existing tariffs. That...

Saudi Aramco seeks record-setting IPO with value up to $1.7T

Nov. 17, 2019 1:12 PM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale, potentially becoming the most-valuable initial public offering in history. The newly released figures...

Saudi Aramco takes another step toward 1st public offering

Nov. 10, 2019 4:51 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil giant Aramco released a lengthy document late Saturday that lays the ground for investors to buy into the world's most profitable company, but it remains unknown how much is on offer. In its preliminary prospectus, Aramco revealed that it...

For east Syria, US troops are about much more than oil

Nov. 8, 2019 11:21 AM EST

BEIRUT (AP) — As U.S. troops beef up in eastern Syria to protect oil fields, residents hope their mission will bring stability and prosperity to the remote and resource-rich region —and keep the Syrian government out. Their hopes reflect the expectations being piled onto the operation, even as...

Exxon denies that it misled investors on climate risks

Nov. 7, 2019 2:41 PM EST

NEW YORK (AP) — Climate change may be the defining risk for oil and gas companies in coming decades, and attorneys for New York state are saying Exxon Mobil misled investors about how it was handling that risk. The state made closing arguments Thursday in a case that accused the energy giant of downplaying...

CVS, Humana post gains while Facebook, Match tally losses

Nov. 6, 2019 4:25 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: CVS Health Corp., up $3.61 to $70.93 The drugstore chain and pharmacy benefits manager raised its profit forecast after reporting surprisingly good third-quarter earnings. Aircastle Ltd., up $4.68 to $32.27 The aircraft leasing...

Brazil's oil tender yields $17 billion, falls short of hopes

Nov. 6, 2019 1:49 PM EST

RIO DE JANEIRO (AP) — Brazil awarded two of the four blocks on offer in its priciest oil auction since 2010 on Wednesday, securing about $17 billion dollars but falling short of government expectations. The highly anticipated tender had captured the attention of some of the world's biggest oil firms,...