Exxon Says 20% of Oil, Gas Reserves Threatened by Low Prices
Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest Continue Reading
Exxon: 20 Percent Of Global Oil And Gas Reserves May Be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be viable, Continue Reading
Oil Price Crash Led To Exxon’s Worst Loss In Its Modern History
Following the oil price and demand crash, ExxonMobil ( NYSE: XOM ) reported on Friday its second consecutive quarterly loss, which was the worst loss for the U.S. supermajor in Continue Reading
Exxon’s Mad Dash To Save Its Dividend
Exxon is planning to cut jobs and spending, in a hail mary to preserve its dividend, according to anonymous Reuters sources. Exxon spokesman Casey Norton, however, has denied that the Continue Reading
Exxon prepares spending, job cuts in last ditch move to save dividend
Exxon Mobil Corp ( XOM.N ) is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with Continue Reading
Exxon (XOM) Indicates Second Straight Quarterly Loss
Exxon Mobil Corp. incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped amid Covid-19 lockdowns that stunted economic activity. The explorer’s oil and Continue Reading
Exxon Is Big Oil’s Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expenditures to boost production. Continue Reading
Exxon Reportedly Preps for US Job Cuts
Some U.S.-based employees who are subject to performance evaluations could end up leaving this year after their assessments, unnamed sources told Bloomberg. (Bloomberg) — Exxon Mobil Corp. is preparing to Continue Reading
ExxonMobil Readies To Make Major Job Cuts
The largest oil company in the United States is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told BNN Bloomberg. Continue Reading
Exxon Slows Gulf Refinery Expansion
Exxon Mobil Corp. will delay the startup of its Beaumont refinery expansion on the Texas Gulf Coast by a year as the oil giant weathers low demand for petroleum products Continue Reading