Exxon Stock News

Exxon Mobil (XOM) disclosed its global workforce fell by 9K last year as part of a cost cutting program that lifted the company to its best annual profit in seven years.Exxon said in a…

By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp said on Wednesday its global staffing fell by 9,000 people last year amid cost-reduction efforts after the Covid-19 pandemic battered energy demand and prices.

https://www.investing.com/news/commodities-news/exxons-workforce-declines-by-9000-in-2021-amid-cost-cuts-2770571

A request made last year by ExxonMobil to the Government of Guyana, to have the relinquishment of a percentage of its holdings in the Stabroek Block deferred, is still under consideration by the relevant authorities. In a recent interview with this publication, Natural Resources Minister Vickram Bharrat confirmed that no decision has been made yet []

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Out of the pandemic XOM stock was a bargain yielding 9.6% in dividend income. Now the reward is half and is a liability for new investors. The post Exxon Mobil Stock Is Likely Running on Empty at These Levels appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2 Says Buy THIS Now Man Who Called Black Monday: Prepare Now. Get in Now on Tiny $3 Forever Battery Stock Interested in Crypto? Read This First

NEW YORK , Feb. 23, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, LOW, CDNS, PANW, and XOM. Full story available on Benzinga.com

The list includes Exxon Mobil. J.P. Morgan also cited Russia-Ukraine underperformers, a list that includes PepsiCo.

The major averages dipped on Tuesday as traders continue to monitor brewing tensions between Russia and Ukraine. The Dow Jones dropped 295.58 points to 33,783.50. The S&P 500 lost 28.84 points to 4,320.03. The NASDAQ index 141.56 points, or 1%, to 13,406.50. The U.S. stock market was closed Monday due to the Presidents Day holiday. Energy stocks bucked the broader markets trend with Exxon Mobil rising 1.8% and ConocoPhillips adding 2.8%. Home Depot reported quarterly profit of $3.21 a share, three cents better than estimates, and said it sees earnings and revenue growth this year. Shares, however, fell 4.5%. Meanwhile, Macys popped more than 5% after beating on the top and bottom lines of its quarterly results. Macys also authorized a new $2 billion share buyback program and announced a 5% dividend increase In deal news, Houghton Mifflin Harcourt shares surged 14.4% after the company said it would be taken private by Veritas Capital in a deal worth $21 a share, representing a nearly 16% premium from Fridays close.

The energy sector is one of the few places where investors have found safety so far in 2022. While future energy stocks Plug Power Inc (NASDAQ: PLUG ) and Enphase Energy Inc (NASDAQ: ENPH ) are both down 16% year-to-date, shares of legacy oil and gas major Exxon Mobil Corp (NYSE: XOM ) are up 28.6% so far in 2022. The outperformance of energy stocks has been driven in large part by soaring crude oil and commodity prices. At the same time, a rotation out of the tech sector has weighed on growth stocks like Full story available on Benzinga.com

NEW YORK , Feb. 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XOM, AZN, PXD, CSCO, and TSLA. Full story available on Benzinga.com

https://www.investing.com/news/economy/exxon-png-sign-deal-to-clear-way-for-pnyang-gas-field-2769193

Donald Trumps social-media platform went live in the U.S.; Virgin Galactic is due to report results.

The energy sector was seeing a unanimous rally Tuesday, as Russia''s move to secure some rebel Ukraine regions led to a jump in crude oil and natural gas prices. The SPDR Energy Select Sector ETF surged 2.5% in premarket trading, with all 21 equity components gaining ground. The biggest gainers were shares of Marathon Oil Corp. , which rallied 5.1%, and Occidental Petroleum Corp. , which climbed 4.1%. Among other more active energy ETF (XLE) components, shares of Exxon Mobil Corp. gained 2.2%, Sclumberger Ltd. hiked up 3.0% and Chevron Corp. advanced 1.6%. Meanwhile, crude oil futures rallied 3.9%, natural gas futures tacked on 2.8% and futures for the S&P 500 slipped 0.2%. 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.

Union workers locked out of their jobs at a Texas oil refinery for nearly 10 months voted on Monday to accept an Exxon Mobil Corp contract offer, ceding to a key company demand that it have the right to determine plant assignments.

United Steelworker union members, who have been locked out of Exxon Mobil''s (XOM) Beaumont refinery on the Texas Gulf Coast since May, reportedly have ratified the company''s contract