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Exxon

Exxon, Chevron beat analysts' estimates on Permian oil supply boost

Exxon's third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents

Exxon, Chevron beat analysts' estimates on Permian oil supply boost
Updated On : 01 Nov 2024 | 11:28 PM IST

Exxon Mobil's market value surpasses Tesla's as oil rises, EV sales slow

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

Exxon Mobil's market value surpasses Tesla's as oil rises, EV sales slow
Updated On : 20 Apr 2024 | 7:52 AM IST

COP28 climate summit 2023: Exxon, Aramco lead emissions cut pledge

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

COP28 climate summit 2023: Exxon, Aramco lead emissions cut pledge
Updated On : 03 Dec 2023 | 10:17 PM IST

Exxon posts sharply lower $9.1 bn profit on lower oil, gas prices

Exxon's oil and gas pumping business was hurt by a 60% drop in natural gas prices compared with a year ago

Exxon posts sharply lower $9.1 bn profit on lower oil, gas prices
Updated On : 28 Oct 2023 | 12:11 AM IST

Exxon Mobil Corp posts 56% profit slump, joins peers in energy price hit

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

Exxon Mobil Corp posts 56% profit slump, joins peers in energy price hit
Updated On : 28 Jul 2023 | 4:09 PM IST

Big oil stages a grand comeback as Exxon's valuation passes Tesla

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

Big oil stages a grand comeback as Exxon's valuation passes Tesla
Updated On : 21 Dec 2022 | 8:20 AM IST

US oil giants Exxon, Chevron post blowout earnings, ramp up buybacks

High prices, margins lift majors to best quarters in history; Exxon earnings surpass previous record set in 2012

US oil giants Exxon, Chevron post blowout earnings, ramp up buybacks
Updated On : 29 Jul 2022 | 5:45 PM IST

Biden chides Exxon, oil firms for profits as US faces record inflation

US President Joe Biden has pointed out oil firms who are making stellar profits amid severe inflation which has gripped the entire world

Biden chides Exxon, oil firms for profits as US faces record inflation
Updated On : 11 Jun 2022 | 11:08 PM IST

ExxonMobil flags biggest profit in 13 years due to surging oil prices

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

ExxonMobil flags biggest profit in 13 years due to surging oil prices
Updated On : 04 Apr 2022 | 11:26 PM IST

Ukraine crisis: Boeing, Apple and Exxon make a retreat from Russia

US tech giant Apple said it had stopped sales of iPhones and other products in Russia

Ukraine crisis: Boeing, Apple and Exxon make a retreat from Russia
Updated On : 02 Mar 2022 | 11:09 PM IST

Exxon faces new pressure over dealings with Russia's Rosneft

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.

Exxon faces new pressure over dealings with Russia's Rosneft
Updated On : 28 Feb 2022 | 7:38 AM IST

Iraq's $27 bn deal with France's Total stuck over contract wrangling

Total agreed last year to invest in four oil, gas and renewables projects in the southern Basra region over 25 years

Iraq's $27 bn deal with France's Total stuck over contract wrangling
Updated On : 14 Feb 2022 | 1:38 PM IST

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

Exxon posts highest profit in more than a year as demand recovers
Updated On : 30 Jul 2021 | 6:08 PM IST

Exxon posts $2.7 billion quarterly profit after unprecedented year

This comes after a tumultuous year led to major spending reductions.

Exxon posts $2.7 billion quarterly profit after unprecedented year
Updated On : 30 Apr 2021 | 6:26 PM IST

Exxon scales back shale ambitions to focus on low costs, saving dividend

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 scales back shale ambitions to focus on low costs, saving dividend
Updated On : 04 Mar 2021 | 6:55 AM IST

Hit by Covid-19 pandemic, oil giants Exxon, BP post huge 2020 losses

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

Hit by Covid-19 pandemic, oil giants Exxon, BP post huge 2020 losses
Updated On : 03 Feb 2021 | 9:01 AM IST

Exxon posts first annual loss as a public company on Covid-19 impact

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

Exxon posts first annual loss as a public company on Covid-19 impact
Updated On : 02 Feb 2021 | 8:41 PM IST

Exxon signals up to $20 billion writedown; will overwhelm 4th-qtr gains

The largest US oil producer has posted losses in the first three quarters of 2020

Exxon signals up to $20 billion writedown; will overwhelm 4th-qtr gains
Updated On : 31 Dec 2020 | 5:07 PM IST

Exxon to cut 14,000 jobs as coronavirus pandemic dents oil demand

(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.

Exxon to cut 14,000 jobs as coronavirus pandemic dents oil demand
Updated On : 30 Oct 2020 | 1:23 AM IST

Exxon downsizes global empire as Wall Street worries about dividend

Wall Street investors are even starting to worry about the once-sacrosanct dividend at Exxon

Exxon downsizes global empire as Wall Street worries about dividend
Updated On : 09 Sep 2020 | 1:54 AM IST