Latest Exxon Mobil Corp News

House Minority Leader Kevin McCarthy of Calif., President Donald Trump, and Chevron CEO Mike Wirth listen during a meeting with energy sector business leaders in the Cabinet Room of the White House, Friday, April 3, 2020, in Washington. (AP Photo/Evan Vucci)

White House convenes oil CEOs as bust threatens US boom

Apr. 3, 2020 7:08 PM EDT

WASHINGTON (AP) — President Donald Trump offered assurances of better times and coronavirus tests to oil CEOs at a White House summit Friday, but no firm proposals for easing the industry's way as the coronavirus pandemic and plunging petroleum prices threaten America's yearslong fracking boom. Executives...

Tesla, Dave & Buster rise; Chewy, Macquarie fall

Apr. 3, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: Tesla Inc., up $25.54 to $480.01. The electric vehicle maker reported a 40% surge in deliveries during the first quarter. Chewy, Inc., down $1.69 to $33.37. The online pet store beat Wall Street's fourth-quarter earnings...

In this image provided by Jay Woods,  Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020.  Stocks are opening lower on Wall Street, Friday, March 27,  as the market gives back some of the gains it piled up over the past three days.  (Shannon Woods/Courtesy Jay Woods via AP)

On Wall Street, some optimism penetrates the uncertainty

Mar. 28, 2020 10:22 AM EDT

Stocks rallied this week as Washington acted to provide $2.2 trillion of relief to an economy shocked by the coronavirus outbreak, leaving some on Wall Street cautiously optimistic that the panicky selling that had gripped the market earlier may have come to an end. Even after a loss on Friday, the S&P 500...

A recently landed Delta Air Lines plane  is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)

Manufacturers shutter plants, travel halted as virus spreads

Mar. 18, 2020 9:10 PM EDT

The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world are pushing...

Guyana leaders accept full recount of presidential election

Mar. 15, 2020 11:23 AM EDT

GEORGETOWN, Guyana (AP) — The government and opposition have agreed to a complete recount of votes in a presidential election marred by complaints of possible fraud in Guyana, a relatively poor nation heading into a new era of oil wealth. A team from the 15-nation Caribbean Community arrived in the South...

People line up to vote during presidential elections in Georgetown, Guyana, Monday, March. 2, 2020. Guyana get to choose for a new government in a bruising fight for control of a South American country whose oil revenues in the next decade could make it one of the wealthiest in the hemisphere. (AP Photo/Adrian Narine)

Guyana's governing group is declared winner in disputed vote

Mar. 14, 2020 11:36 AM EDT

GEORGETOWN, Guyana (AP) — The election commission in oil-rich Guyana has declared that the governing coalition won the country's disputed vote, despite international concerns about the credibility of the process. The commission said late Friday that it will move this weekend to verify vote totals in the...

File-This Feb. 7, 2018, file photo shows the Charging Bull sculpture by Arturo Di Modica, in New York's Financial District. The longest bull market in U.S. history is over after nearly 11 years. The bull market officially ran from March 9, 2009, until Feb. 19, 2020, when it began the 20% dive that has taken it into bear market territory as of Thursday, March 12, 2020. (AP Photo/Richard Drew, File)

The mighty bull market falls victim to a tiny virus

Mar. 13, 2020 7:09 AM EDT

NEW YORK (AP) — In the end, the mighty bull was slayed by a tiny virus. The longest bull market in U.S. history can now be said to have lasted almost 11 years and rewarded investors with a return of 529% based on the performance of the S&P 500, including dividends. The bull officially ran from March...

File-This Feb. 7, 2018, file photo shows the Charging Bull sculpture by Arturo Di Modica, in New York's Financial District. The longest bull market in U.S. history is over after nearly 11 years. The bull market officially ran from March 9, 2009, until Feb. 19, 2020, when it began the 20% dive that has taken it into bear market territory as of Thursday, March 12, 2020. (AP Photo/Richard Drew, File)

The mighty bull (market) falls victim to a tiny virus

Mar. 12, 2020 6:16 PM EDT

NEW YORK (AP) — In the end, the mighty bull was slayed by a tiny virus. The longest bull market in U.S. history can now be said to have lasted almost 11 years and rewarded investors with a return of 529% based on the performance of the S&P 500, including dividends. The bull officially ran from March...

A woman drinks a wine while worker cleans the bar on an empty restaurant, in Pamplona, northern Spain, Thursday, March 12, 2020. For most people, the new COVID-19 coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Alvaro Barrientos)

A look at some of the hardest hit sectors in the S&P 500

Mar. 12, 2020 5:57 PM EDT

Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying home, public events that raise...

People line up to vote during presidential elections in Georgetown, Guyana, Monday, March. 2, 2020. Guyana get to choose for a new government in a bruising fight for control of a South American country whose oil revenues in the next decade could make it one of the wealthiest in the hemisphere. (AP Photo/Adrian Narine)

Caribbean tries to resolve vote dispute in oil-rich Guyana

Mar. 11, 2020 2:25 PM EDT

GEORGETOWN, Guyana (AP) — Several Caribbean prime ministers traveled to Guyana on Wednesday to try to help resolve an election crisis in the South American country, where rival factions are competing for control of massive oil revenues expected in years to come. The 15-nation Caribbean Community was...