Slowly, in fits and starts, Exxon’s investors are pushing it to take better account of climate-change risks. At ExxonMobil’s annual shareholders meeting in May, Rex Tillerson, the silver-haired chief executive Continue Reading
Earnings reports from some of the largest U.S. oil companies, Exxon and Chevron, reflect what top executives said Friday were persistent industry challenges. “While the operating environment remains challenging, the Continue Reading
Exxon Mobil Corp. on Friday posted a 38% decline in quarterly profit as revenue slid more than expected amid the prolonged swoon in oil prices. Shares lost 1.7% premarket to Continue Reading
ExxonMobil, the world’s largest listed oil company, said it was on course to cut its reported proved reserves by about 19 per cent, as it recognises the impact of lower Continue Reading
ExxonMobil earned $2.7 billion in the third quarter, down 38% from last year due in part to low commodity prices. Exxon Mobil Corp. reported Friday 3Q 2016 earnings of $2.7 Continue Reading
The European Commission confirmed on Friday it had lifted limits on Gazprom’s use of a key link from its offshore Nord Stream pipeline to Germany, allowing Russia to pump more Continue Reading
OPEC committee gathers Friday as Iraq says it should be exempt Brazil to join other non-OPEC producers at meeting on Saturday U.S. oil is set for the first weekly drop Continue Reading
Oil prices dipped early on Friday, weighed down by lingering doubts over whether OPEC can coordinate a crude production cut big enough to rein in oversupply that has dogged markets Continue Reading
Wax on, wax off; oil prices are rallying after selling off for the last three days, egged on by yesterday’s supportive inventory report and the ebb and flow of OPEC Continue Reading
Decline in national stockpiles caused by West Coast drop: EIA Gulf, East Coast inventories expand; U.S. production increases Oil traded near a three-week low below $50 a barrel as U.S. Continue Reading
