Exxon Stock News

As the war in Ukraine continues, companies as varied as Exxon, Visa, McDonalds and Coca-Cola have suspended sales in Russia. Tech companies like Adobe, Apple, and PayPal have joined in over the last couple of weeks. We queried the world’s top cloud infrastructure vendors including Amazon, Microsoft, Google, IBM and Cloudflare to find out how […]

As the war in Ukraine continues, companies as varied as Exxon, Visa, McDonalds and Coca-Cola have suspended sales in Russia. Tech companies like Adobe, Apple, and PayPal have joined in over the last couple of weeks. We queried the world’s top cloud infrastructure vendors including Amazon, Microsoft, Google, IBM and Cloudflare to find out how […]

Exxon (XOM) is said to be weighing a sale of the Company''s Bakken asset, after "getting interest" according to Bloomberg. According to Offshore Technology, Exxon (XOM) produces ~116kb/d…

The energy sector resumed its recent rally Thursday, as crude oil prices rose again following the the previous session''s sharp pullback. The SPDR Energy Select Sector ETF rose 1.1% in morning trading. The bounce back comes after the ETF (XLE) slumped 3.1% on Wednesday, to snap an eight-session win streak, which was the longest since the eight-day stretched ended Sept. 20, 2018, as crude oil futures plummeted 12.1% from a 14-year high. On Thursday, crude oil futures rose 2.1%, as talks between Russian and Ukraine haven''t made progress. Within the XLE, shares of Chevron Corp. rose 3.7% and Baker Hughes Co. climbed 2.7% to pace the gainers. Among other more-active XLE components, shares of Occidental Petroleum Corp. tacked on 0.8% and Exxon Mobil Corp. advanced 1.2%, Marathon Oil Corp. slipped 0.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Saturna Capital, an investment management firm, published its “Amana Funds” fourth-quarter 2021 investor letter – a copy of which can be downloaded here.

The Federal Government, on Wednesday, said its ineptitude to meet the oil production quota dispensed to Nigeria by the Organisation of Petroleum Exporting Countries (OPEC) was due to the lack of investments in the oil and gas sector of the economy. It said the lack of investments was due to the recent spate of exits by International Oil Companies such as Shell and ExxonMobil from Nigeria’s oil and gas sector. Nigeria’s OPEC quota is pegged at about 1.8 million barrels per day but in the last few years, the country has struggled between 1.3 and 1.4 million barrels per day. Continue reading OPEC: Inability To Meet Quota Is Due To Lack Of Investment – FG at BizWatchNigeria.Ng.

Amid continuing concerns here about whether it has been legally bound to full insurance and compensation for any oil spill here , ExxonMobil’s affiliate

The business world and corporate Nigeria, especially the oil and gas industry, was literally lit and agog following the announcement by Seplat Energy plc. a leading indigenous energy company listed on the Nigerian Exchange and the London Stock Exchange, and Exxon Mobil Corporation, Delaware, USA (ExxonMobil) that they had entered into an agreement for Seplat to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from the latter, subject, however, to the usual Ministerial Consent. The president, ExxonMobil Upstream Oil and Gas, Liam Mallon, said the company sold its equity interest in its shallow-water business, Mobil Producing Nigeria Unlimited (MPNU), to Seplat Energy through Seplat’s wholly-owned Seplat Offshore. Rendering highlights of the deal, which is the first of its kind since the coming on stream of the Petroleum Industry Act (PIA), Seplat, on its part, put the purchase price at $1.283 million plus up to $300 million contingent consideration. The transaction, it said, would create one of the largest independent energy companies on both the Nigeria Stock Exchange and London Stock Exchange as well as bolster Seplat Energy’s ability to drive increased growth, profitability and overall stakeholder prosperity, delivering 186 percent increase in production from 51,000bpd to 146,000bpd or 170 percent increase in 2P liquids reserves, from 241 MMbbl to 650 MMbbl.

Sony said it''s stopping all sales of its PlayStation consoles and software in Russia in response to the country''s invasion of Ukraine. In a statement sent to NPR, a company spokesperson for its video game unit called for "peace" in Ukraine Wednesday and said that Sony has suspended all software and hardware shipments throughout Russia. The company will also pause shipments of the new racing game Gran Turismo 7 to the country. Additionally, the PlayStation Store will no longer be available for users in Russia. "Sony Interactive Entertainment (SIE) joins the global community in calling for peace in Ukraine," the company said in its statement. Along with stopping sales of its games, consoles and digital media store, the company announced a $2 million donation to the United Nations High Commissioner for Refugees (UNHCR) and the international non-governmental organization, Save the Children, to support the victims in Ukraine. "Sony sincerely hopes that this situation will be resolved quickly, and that peace will be restored in Ukraine and around the world," the company said .

HOUSTON (ICIS)--ExxonMobil notified customers on Wednesday that it would revise the US base oil price increase it announced on 3 March from 30 cents/gal to 70 cents/gal, market sources confirmed. The…

Energy stocks <> comprise Wednesday''s five biggest losers on the S&P 500, as crude futures plunged by the most since November after the United Arab Emirates and Iraq

Massachusetts'' high court on Wednesday appeared to lean toward rejecting Exxon Mobil Corp''s bid to dismiss a lawsuit by the state''s attorney general that accuses the oil company of misleading consumers and investors about its role in climate change.

Exxon Mobil Corp. (NYSE: XOM ) shares are trading lower Wednesday as oil prices pull back following recent strength. Oil stocks have been gaining in recent weeks as a result of the Russia-Ukraine conflict and a resulting U.S. ban on Russian oil imports. Exxon Mobil was down 5.88% at $82.62 ahead of the close. See Also: Is Exxon Mobil Really A Growth Stock Right Now? Exxon Mobil Daily Chart Analysis The stock broke above the $63 resistance and has been flying since the break above. The stock looks to have found some … Full story available on Benzinga.com

Shares of energy companies, including Exxon Mobil Corp (NYSE: XOM ), Diamondback Energy Inc (NASDAQ: FANG ) and Marathon Oil Corporation (NYSE: MRO ) are trading lower as oil prices pull back following recent strength. The sector has gained amid supply concerns as a result of … Full story available on Benzinga.com

OPEC may ride to the rescue of U.S. car owners.