Exxon Stock News

Valero Energy (VLO) has significant growth potential, backed by its lucrative renewable diesel business.

In the Cutthroat-1 prospect, ExxonMobil (XOM) is the operator with a 50% interest, while 30% of interests lie in Murphy Oil's (MUR) possession.

By Sonali Paul and Sameer Manekar MELBOURNE (Reuters) -Exxon Mobil Corp and BHP Group said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.

House Democrats on Wednesday requested that executives from a half-dozen major oil companies testify before lawmakers over high gasoline prices. The House Energy and Commerce Committee sent letters to the executives of BP, Chevron, Devon Energy Corporation, ExxonMobil, Pioneer Natural Resources and Royal Dutch Shell requesting their appearance for an …

Exxon Mobil Corporation’s (NYSE: XOM) appeal to restrict investigation conducted by Massachusetts and New York on the oil company has been rejected by a federal app…

''Big Oil'' & The Fallacy Of A Windfall Profits Tax Authored by Michael Lebowitz via RealInvestmentAdvice.com, Higher energy prices worrying you? Be afraid because Congress is coming to the rescue. Legislators are introducing a new bill called the “ Big Oil Windfall Profits Tax Act .” The bill’s objective is to reduce the price of oil. The bill pans to tax the windfall profits of large energy companies at a 50% rate. They define windfall profits as profits above and beyond those in the year before Covid. The proceeds from the tax would be returned to consumers earning less than $75k through direct payments. If Congresses goal is to inflate oil prices further and generate more inflation in the process, the bill, as currently written, is right on track. This article walks through the proposed legislation to better understand why it is grossly flawed. As we will discuss, the bill will not only generate higher prices at the gas pump, but the premise behind the bill, windfall oil profits, is dubious.

OPEC''s monthly oil report came out today, and it has a warning.

Exxon Mobil <> has lost its attempt to revive a 2016 lawsuit claiming attorneys general from New York and Massachusetts were motivated by "viewpoint discrimination" when they…

https://www.investing.com/news/commodities-news/exxon-mobil-loses-appeal-over-climate-change-probes-2785044

NEW YORK , March 15, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BABA, XOM, NLOK, GWW, and LLY. … Full story available on Benzinga.com

Pune, India, March 15, 2022 (GLOBE NEWSWIRE) -- The refined petroleum products market size was USD 586.27 billion in 2020. The market is projected to grow from USD 611.94 billion 2021 to USD 863.19 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, " Refined Petroleum Products Market, 2021-2028. " Transforming crude petroleum products into useful by-products, such as diesel fuel, gasoline, liquefied petroleum gas, naphtha, and others, will boost the market growth during the forecast period. Additionally, growing investments for SPR and rising oil trade between emerging countries will increase the footprint of the market. Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/sample/refined-petroleum-products-market-106456 Companies Profiled in the Market Report: Exxon Mobil Corporation Sinopec Limited Royal Dutch Shell BP Plc Chevron Saudi Aramco Marathon Petroleum Corporation Total Energies Valero Energy Rosneft Petrobras China National Petroleum Corporation Report Scope & Segmentation: Report Coverage Details Forecast Period 2021 to 2028 Forecast Period 2021 to 2028 CAGR 5.

The United Steelworkers union (USW) on Monday won a vote to continue representing workers at an Exxon Mobil Corp refinery in Beaumont, Texas, according to people familiar with the matter.

BEAUMONT (Reuters) – The United Steelworkers union (USW) on Monday won a vote to continue representing workers at an Exxon Mobil Corp refinery in Beaumont, Texas, according to people familiar with the matter.

Oil and gas prices are cooling off, and so are stocks.

War: Bigger Inflation & Recession Shocks, Rate-Hikes Are Smaller Authored by Patrick Hill via RealInvestmentAdvice.com, (The Ukraine War) “means a bigger inflation shock, a smaller rates shock, and a bigger recession shock.” - Bank of America Corp. chief strategist Michael Hartnett, 3-4-22 The war triggers a huge surge in oil prices, consumer sentiment is already falling, and the Fed is likely to raise rates slowly because of the war. We examine how: economic sanctions can cause inflation during wartime, consumer sentiment declining, real retail sales under pressure, GDP is weakening, and a unique oil price ratio to 10 – 2-year bond spread indicates a coming recession. Severe Economic Sanctions Against Russia Enacted After weeks of planning, as the Russian forces massed on the Ukraine border, it became evident to Western leaders that they must act. During the first few days of the war, the European Union and the U.S. set in motion economic sanctions, including freezing significant oligarch assets in western banks, including Vladimir Putin’s assets, freezing four important Russian bank assets in the west, and cutting off Russian access to the inter-banking SWIFT system.