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Tag Archives: Exxon

Earnings jump for Exxon Mobil

(News) – Exxon Mobil's profits fell dramatically in the third quarter as the company was hit by lower crude oil and gas prices, AP reports. The Texas oil giant posted gains of $ 3.17 billion on Friday's third quarter, down 49% from the same period last year. Total revenue was $ 65.05 billion, down 15% year-on-year. The oil price suffered …

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Apple, Facebook and Exxon are about to make a big test of the earnings recession

With the first truly hectic week of corporate earnings complete, the S & P 500 appears entitled to a longer earnings recession, but reports from three of the large US. […] Apple Inc.                                                                                                                                                                                                                       AAPL, + 1.23% Exxon Mobil Corp.                                                                                                                                        …

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Exxon is accused of misleading investors about climate change

Image copyright Getty Images Caption [19659005] Exxon is accused of misleading investors about the potential costs of financial regulation An unprecedented lawsuit against US oil giant Exxon Mobil due to climate change in New York is pending. The state accused the company of misleading investors about the potential costs of climate regulation for their business. Exxon According to their own …

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Exxon punished by Wall Street for spending strategy

ExxonMobil plans to increase spending on several oil companies over the next few years, an aggressive move to boost oil production and increase profits. However, Wall Street is not so sure that this is a great idea. It was a busy week for the oil companies. Exxon and Chevron presented their "Investor Day" presentations for 2019 to outline their medium-term …

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BREAKING: Big Trump Win: Tax relief drives Exxon Mobil to invest an incredible $ 10 billion in America's infrastructure

ExxonMobil announced on Tuesday that it would invest $ 10 billion in US infrastructure to develop the Golden Liquefied Natural Gas (LNG) plant at Sabine Pass. According to Exxon Mobil, "Construction will commence in the first quarter of 2019 and the facility is expected to be operational by 2024." Darren Woods, chairman and chief executive officer of Exxon Mobil Corporation, …

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Exxon accused of climate change "fraud"

image copyright Getty Images The state of New York has taken legal action against ExxonMobil, accusing the oil giant of misleading investors about the risks of climate change. Exxon allegedly ignored the potential costs of new greenhouse gas regulations, although he ensured that investors had taken the risks into account. The company called the claims "groundless" and politically motivated. She …

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Inquiry ends in Exxon Mobile Accounting bound to climate change

The Securities and Exchange Commission completed an investigation into Exxon Mobil's policy of not writing down the value of its oil reserves in order to take into account the risk that future climate regulations could pose for the company. The Commission informed Exxon of its decision in a letter on Thursday stating that it would not take enforcement action against …

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Exxon Winnings, just not enough

Posted: July 27, 2018 8:00 pm Updated: July 27, 2018 9:01 pm DALLAS (AP) – Rising oil prices led Exxon Mobil Corp. in the second quarter. an increase of 18 percent to $ 3.95 billion, but Friday's results fell short of Wall Street expectations and equities fell nearly 3 percent. The price of international reference crude increased by more than …

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The incredible shrinking Exxon – WSJ

27th April 2018 12:36 pm ET Exxon Mobile XOM -3.54% put an exclamation mark on Friday, which hurts the big oil. The immediate reaction to the somewhat lukewarm results of the first quarter is not objectionable. Despite the announcement of the 36th annual dividend increase in succession, the total shareholder return of the world's largest private oil company remained unchanged …

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