ExxonMobil fires back at President Biden after 'God' quip
“ Exxon, start investing, start paying your taxes,” demanded the US President in a briefing
Company
Exxon Mobil Corp
NYSE:XOM
Exxon Mobil Corp is an international energy and petrochemical company. The company’s primary businesses include Upstream, Product Solutions and Low Carbon Solutions. Its Upstream division is engaged in exploring and developing oil and natural gas using technology.
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Oil prices spike again after Russian pipeline shuts down
Storm damage to halt 1.4mln barrels of exports a day, with shipments in March and April expected to plunge five-fold
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US stocks end lower in a choppy session as investors monitor Ukraine-Russia war
At the closing, the Dow Jones Industrial Average dropped by 0.4% or 144 points at 33,773, while the Nasdaq Composite dipped 1.6% at 13,534, and the S&P 500 lost 0.6% at 4,361
More energy companies leave Russia in the cold
ExxonMobil, Centrica and IOG among latest energy groups cutting ties with Russia
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Oil price, IOG, Savannah, Genel, Atome, SDX.
SDX Energy SDX has announced that due to operational issues affecting the drilling of the KSR-19 well and COVID-19 border restrictions impacting the mobilisation of equipment and personnel into Morocco, the current two well campaign, which
Exxon mulls plans for ‘net zero by 2050’ - reports
Strategic moves are anticipated before the end of the year.
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US stocks close down as Amazon tanks on revenue miss
For July, the DJIA, S&P 500, and Nasdaq finished 1.3%, 2.3%, and 1.2% higher, respectively
ExxonMobil "shocked" by lobbyists' comments that support for carbon tax is a PR ploy
Exxon Mobil's boss, Dan Woods, professed to be shocked by the lobbyists' assertions. Many other observers would have been totally unsurprised by them
Activist investment firm Engine No. 1 to launch US$100mln ETF
Having forced its way to getting three seats on the Exxon board, the firm said the ETF will invest in 500 of the largest US companies in an effort to “instigate positive change for employees, customers, communities, and the environment”
Exxon reveals yet more success offshore Guyana
The Longtail-3 adds another discovery to the Stabroek Block offshore Guyana which could prove to be among the last major oil frontiers as transition looms.
Activist fund gets a third director on Exxon board
A small but influential shareholder continues to shape Exxon's boardroom.
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Wall Street powers to record highs to close out 2020
US stocks closed out 2020 with a bang as the major indices all finished Thursday trading at record levels
US stockpiles decline for fifth week in row as there appears 'no end in sight' for low crude prices
On Friday, Brent crude was above US$45, and WTI holding above US$43 a barrel
Exxon Mobil mulls sale of Malaysian offshore assets for up to $3B
Potential buyers could include other major energy companies with an interest in the region
Investments and investor services
FuelCell Energy shares soar on $10 million Exxon licensing deal
The deal grants ExxonMobil Research and Engineering Company the ability to use FuelCell’s patents, data and equipment design
Retaliatory tariffs from Mexico, the biggest buyer of US energy products, could disrupt long-standing trade, says Roth
Mexico buys more than 1 million b/d (barrels per day) of US crude and fuel
Canada’s US$1.3bn oil exploration boost bodes well for Ireland’s nascent oil frontier
New exploration areas offshore Newfoundland were picked up by multinational firms such as BHP Billiton, Equinor, Husky Energy and Suncor
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Oil Report: Goldman Sachs sees fall to $65 a barrel by end of 2019 as US output grows
In Friday trading, Brent crude was priced above US$72 with WTI (West Texas Intermediate) holding above US$63 a barrel.
Exxon and Chevron shares rise on respective third-quarter earnings
Both beat on earnings but Exxon surged past year-ago and consensus revenue estimates while Chevron fell short of market expectations
Deep dive: Eco Atlantic Oil & Gas’s attractive position offshore Guyana
In the longer term exploration drilling will tell, nonetheless, a near 3bn barrel 'pre-drill' resource is certainly attractive for speculative investors