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Tag Archives: ExxonMobil

Who made the A list? Forbes’ list of top 2000 companies

exxon ceo say company will invest

When Forbes releases a list about successful companies, people are anxious to read who’s who among the big players. Everyone wants to know who’s winning, and who’s slipping. The list, according to Forbes, compiled by measuring each company based on revenues, profits, assets and market value. And despite difficult times, and a downturn in oil, Forbes’ 2017 Global 2000 list of ...

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Exxon reports smallest profit since 1999

Exxon's 2Q profit plunges 63 percent on lower oil prices

DALLAS (AP) — Lower oil prices continue to punish Exxon Mobil Corp., which reported its weakest quarterly profit in nearly 17 years. Exxon still earned $1.7 billion in the second quarter. It was, however, down 59 percent from a year ago, and per share income missed Wall Street expectations. The energy giant cited lower prices for oil and gas and ...

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Chevron, Exxon and others to spend $36.8B in Kazakhstan

oil exploration, Kazakhstan

NEW YORK (AP) — Chevron, Exxon Mobil and its other partners say they will spend $36.8 billion to develop more oil in Kazakhstan. The project is expected to increase production to about 1 million barrels of oil equivalent per day in 2022. Chevron, Exxon Mobil and its partners are forming a venture called Tengizchevroil. Chevron owns 50 percent of Tengizchevroil. ...

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The highest-paid CEOs by state

Rex Tillerson

Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered public companies with at least $1 billion in revenue that filed proxy statements with federal regulators on or before April 30, 2016. It includes CEOs who were newly hired, who often receive large grants as incentives. ...

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Exxon, facing heat over climate change, holds annual meeting

Exxon Mobil

DALLAS (AP) — Exxon Mobil is holding its annual shareholder meeting as it faces volatile crude prices and investigations into what it knew and allegedly didn’t disclose about oil’s role in climate change. Shareholders are scheduled to vote Wednesday on resolutions including a policy to limit global warming, put a climate expert on the board, and report on the drilling ...

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Nigerian Chevron facility bombed, ExxonMobil cuts exports

LAGOS, Nigeria (AP) — An explosion closed a second Chevron facility in Nigeria, witnesses said Friday, as renewed attacks by militants further cut production in Africa’s biggest petroleum producer. Adding to Nigeria’s economic woes, Exxon Mobil on Friday said some production of Qua Iboe crude — the West African nation’s largest crude grade — has halted because a drilling rig ...

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ExxonMobil loses AAA credit rating as debt increases

ExxonMobil loses AAA credit rating as debt increases

Standard & Poor stripped ExxonMobil of its AAA credit rating due to a plunge in oil prices and weak forecast. The Texas-based company was downgraded to an AA+ credit rating. The ratings agency cited “low commodity prices, high reinvestment requirements, and large dividend payments.” The decision comes as Exxon’s debt has increased substantially. “The company’s debt level has more than ...

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