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Tag Archives: Exxon Mobil Corp

Exxon Mobil to buy InterOil for $2.5 billion

Exxon Mobil

DALLAS (AP) — Exxon Mobil Corp. emerged Thursday as the winning bidder for InterOil Corp., which has natural gas holdings in Papua New Guinea. Exxon said it will pay $2.5 billion for InterOil in a deal that will complement its large liquefied natural gas facility in the country. Exxon hopes to capitalize on growing demand for cleaner fuels in Asia. ...

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Exxon and UBS are big market movers

NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq stock market: NYSE Exxon Mobil Corp., down $1.70 to $74.59 The oil and natural gas company’s fourth-quarter profit fell 58 percent due to lower crude prices. UBS Group AG, down $1.29 to $15.23 The bank cited low levels of client ...

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Exxon’s 4Q and annual profit plunge with oil prices

FILE - This April 29, 2014, file photo, shows an Exxon sign at a Exxon gas station in Carnegie, Pa. Exxon Mobil Corp. reports quarterly financial results on Tuesday, Feb. 2, 2016. (AP Photo/Gene J. Puskar, File)

DALLAS — The big plunge in oil prices is taking Big Oil’s profits down. Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant’s smallest profit since the third quarter of 2002. Exxon’s core exploration and production business lost money in the U.S. and international earnings plummeted by nearly two-thirds. One ...

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Canadian minister rejected Arctic drilling review warning – memo

CALGARY – Canada’s Conservative government rejected advice from its bureaucrats warning it was “inappropriate” to use a sole-source contract to hire a consultant to review the country’s Arctic drilling legislation, according to a memo obtained by Reuters. The memo, released under Canada’s Access to Information Act, was prepared for Aboriginal Affairs and Northern Development Minister Bernard Valcourt by his department. ...

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Exxon Mobil donates $5 mln to North Dakota housing fund

WILLISTON, N.D. – A subsidiary of Exxon Mobil Corp donated $5 million on Monday to a North Dakota government housing fund that subsidizes construction of low-cost apartments for teachers and emergency personnel in the state’s oil patch. XTO Energy will receive a 100 percent tax write-off for its donation to the North Dakota Housing Incentive Fund, which will be used ...

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Exxon profit beats expectations on refining, output

Exxon Mobil Corp reported a smaller-than-expected drop in quarterly profit on Thursday as oil and gas output and refining results grew even as lower crude prices ate into earnings at the world’s largest publicly traded oil company. “It was a strong quarter,” said Brian Youngberg, analyst at Edward Jones in Saint Louis. “Their diversified model tends to hold up better ...

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NYMEX – Oil extends gains, Brent hits 8-week high

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TOKYO, Feb 16 – U.S. crude futures rose for a third straight session, while Brent hit an eight-week high above $62 a barrel after another drop in the U.S. rig count signaled the pressure producers face from low oil prices. FUNDAMENTALS NYMEX crude for March delivery was up 43 cents at $53.21 a barrel by 2353 GMT, after settling up ...

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