Exxon's third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents
Tesla fell 1.9 per cent to $147.05 a share on Friday, making it the second-worst performing stock in the S&P 500 Index this year
The list of national oil companies includes Brazil's Petrobras, Nigeria's NNPC and Kazakhstan's KazMunaiGaz. China's largest oil and gas companies haven't joined
Exxon's oil and gas pumping business was hurt by a 60% drop in natural gas prices compared with a year ago
Exxon's oil production is at 3.7 million barrels of oil equivalent per day (boed) year to date, in line with the company's annual target, Mikells said
For its part, Exxon's equity value has been steadily climbing since hitting a two-decade low in early 2020, when the outset of the Covid-19 pandemic sent crude prices into a tailspin
High prices, margins lift majors to best quarters in history; Exxon earnings surpass previous record set in 2012
US President Joe Biden has pointed out oil firms who are making stellar profits amid severe inflation which has gripped the entire world
Exxon said Monday that first-quarter results may have been as much as $2 billion higher than earnings during the final three months of 2021
US tech giant Apple said it had stopped sales of iPhones and other products in Russia
Russia's attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent.
Total agreed last year to invest in four oil, gas and renewables projects in the southern Basra region over 25 years
Rebounding demand for oil, gas and chemicals helped
This comes after a tumultuous year led to major spending reductions.
The top U.S. oil producer incurred a historic loss of US$22.4 billion last year and is trying to convince a skeptical Wall Street that it can rebound
Exxon Mobil Corp. reported the largest losses in its history nearly $20.1 billion for the fourth quarter, including more than $19 billion to write down the value of company assets
The company reported a net annual loss of $22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of $14.34 billion in 2019
The largest US oil producer has posted losses in the first three quarters of 2020
(Reuters) - Exxon Mobil Corp said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices.
Wall Street investors are even starting to worry about the once-sacrosanct dividend at Exxon