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Exxon Mobil

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Judge issues green light for ExxonMobil to restart Torrance refinery

The Daily Breeze - ‎19 hours ago‎
A Los Angeles Superior Court judge Monday denied an environmental group's bid to halt the imminent restart of the ExxonMobil refinery, ruling the public interest is best served by allowing gasoline production to resume at its Torrance plant. The ...

Judge gives ExxonMobil OK to restart Torrance refinery

89.3 KPCC - ‎2 hours ago‎
A judge cleared the way Monday for ExxonMobil to restart its Torrance Refinery after an environmental group sued to keep it shut.
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UBS Reiterates Neutral Rating For Exxon Mobil Corporation (XOM), Raised Price Target From $77 To $85

Daily Caller - ‎8 hours ago‎
UBS analyst William Featherston mentioned that Exxon reiterated its stance on current year capital spending guidance of $23.2 billion, which was lower by 25% on YoY basis.

Exxon Mobil Pays $2.63M Fine for Arkansas Pipeline Spill

Insurance Journal - ‎4 hours ago‎
Exxon Mobil has paid a $2.63 million fine more than three years after its Pegasus pipeline ruptured and spilled thousands of gallons of crude into a Mayflower neighborhood.

ExxonMobil launches Exceed XP PE for flexible packaging

Plastics News - ‎May 2, 2016‎
Shanghai - ExxonMobil Chemical Co. has launched Exceed XP, a new polyethylene product that offers better performance for flexible packaging, at the Chinaplas trade show in Shanghai.

Should Exxon Mobil Shareholders Be Worried About a Ratings Cut?

Yahoo News - ‎May 2, 2016‎
One might think that a ratings cut would hurt a supermajor, but when Standard & Poor's Ratings Services recently downgraded Exxon Mobil's AAA rating to AA+, the market responded by pushing the price of its stock up by 0.3 percent, indicating that ...
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Exxon Mobil's Profit Plunges 63%

Wall Street Journal - ‎Apr 29, 2016‎
Exxon also was hurt by declining profit in the downstream division, which had previously been a boon amid lower prices for oil and gas.

ExxonMobil's profits plunge to lowest level in 17 years - ‎May 2, 2016‎
ANCHORAGE (KTUU) ExxonMobil's first-quarter profits plunged by 63 percent to $1.8 billion, the company reported today. During the same period in 2015, ExxonMobil earned $4.9 billion, according to the Texas-based oil giant. The $1.8 billion quarterly ...

Exxon Mobil Corp. (XOM) Closes 0.83% Up on the Day for May 02 - ‎May 2, 2016‎
Exxon Mobil Corp. currently has a total float of 4.15 billion shares and moves 10.9 million a day, on average. The stock opened at $88.24 on May 02 and traded between a low of $88.08 and a high of $89.48.

Shareholder pressure mounts on downgraded ExxonMobil

The Guardian - ‎Apr 28, 2016‎
A growing list of major investors is backing calls on ExxonMobil to acknowledge climate risk, after its credit rating was downgraded on Tuesday.

Exxon Mobil feels heat from all sides

Pensions & Investments - ‎May 1, 2016‎
Suzanne McCarron, Exxon Mobil vice president of public and government affairs, said in a March 29 statement that allegations the company “reached definite conclusions about anthropogenic climate change ... and then withheld it from the broader ...
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ExxonMobil loses coveted AAA credit rating from S&P on low oil prices

CNBC - ‎Apr 26, 2016‎
Standard and Poor's downgraded ExxonMobil's credit rating from AAA to AA+ on Tuesday because of expectations of continuing low oil prices.
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CompaniesExxonMobil Q1 profits dive 63%, but still top forecasts

Financial Times - ‎Apr 29, 2016‎
ExxonMobil, the largest US oil group that was recently stripped of its prized triple A rating, saw its profits plunge 63 per cent year-on-year in the first quarter, but managed to top Wall Street forecasts as it slashed capital expenditure and flogged ...
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The oil crash caused Exxon to report its worst profit since 1999

Business Insider - ‎Apr 29, 2016‎
The energy giant reported first-quarter adjusted earnings per share of $0.43, or $1.8 billion total, the company's weakest since 1999.
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ExxonMobil and Chevron profits slide on low oil prices

BBC News - ‎Apr 29, 2016‎
ExxonMobil reported a 63% slide in first quarter profits following low crude oil prices and weak refining margins. It reported a profit of $1.8bn (£1.24bn), a sharp decline from $4.94bn for the same period last year and its lowest quarterly profit ...

Court decision expected Monday on challenge to ExxonMobil refinery restart

The Daily Breeze - ‎Apr 29, 2016‎
Closure of the ExxonMobil refinery in Torrance on Monday hasn´t helped gas prices that have finally begin to shoot back up.

ExxonMobil profit plunges 63pc, but investors shrug off

The Australian - ‎May 1, 2016‎
Profit in the exploration and production, or upstream, business swung to a $US76m loss. In the US, the upstream division widened its loss to $US832m from $US52m a year earlier.
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ExxonMobil earns US$1.8 billion in 1Q16

Energy Global - ‎4 hours ago‎
Exxon Mobil Corporation has announced an estimated 1Q16 earnings of US$1.8 billion, or US$0.43 per diluted share, compared with US$4.9 billion a year earlier.

Why Exxon Mobil Stock Rose after 1Q16 Earnings Release

Market Realist - ‎May 2, 2016‎
Exxon Mobil (XOM) announced its earnings results on April 29, 2016, before the Market opened. The stock opened higher on the day, likely because the company's 1Q16 earnings surpassed analyst estimates.
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More support for Exxon, Chevron shareholder proposals

Seeking Alpha - ‎11 hours ago‎
Norway's $872B sovereign wealth fund, the world's largest, is backing shareholder proposals aimed at changing corporate governance and climate policies at Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX). "We encourage companies to outline their ...