Exxon Predicts $700 Million Hit to Profit From Lower Oil Prices
Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024.
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden's administration imposed fresh sanctions targeting Russian oil producers,
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is sanctioning Russian oil companies, tankers, officials and executives. Oil prices jumped on worries that crude supplies would face disruptions. Oil prices jumped on Friday as the U.
Oil Prices Top $80 On Rumoured US Sanctions On Russia
Oil prices soared on Friday as traders anticipated rumoured new US sanctions against Russia, which would further disrupt its crude exports and therefore tighten supplies.
Crude oil prices surge amid cold weather and Russia sanctions
Crude prices surged to three-month highs, fueled by the cold temperatures gripping a significant portion of the nation and the possibility of supply disruptions amid new sanctions on Russia’s energy sector.
Oil Rig Count Drops, Crude Prices Climb as US Imposes New Sanctions Against Russia
The number of oil rigs in the US fell by two during the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil moved down to 480 rigs from 482 on a weekly basis,
Crude Finishes Sharply Higher as the US Expands Sanctions on Russian Oil
Friday closed up +2.65 (+3.58%), and February RBOB gasoline (RBG25) closed up +0.0466 (+2.30%). Crude and gasoline prices Friday settled sharply higher, with crude posting a 3-month high and gasoline posting a 2-3/4 month high.
Exxon Mobil warns that lower oil prices and tighter refining margins will weigh on earnings
Exxon Mobil Corp.’s stock fell 0.5% early Wednesday, after the oil giant said lower oil prices and pressure on refining ...
Canada's Imperial Oil Says Senior Executive to Leave for Exxon Mobil
(Reuters) - Canadian oil refiner Imperial Oil said on Friday senior executive Sherri Evers will join major shareholder Exxon ...
Wall Street cuts Exxon earnings views after fourth-quarter snapshot
Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil , the day after the top U.S. oil ...
Goldman Sachs Flags Weak Q4 Guidance For Exxon Amid Weak Upstream And Chemical Results
Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corporation‘s (NYSE:XOM) trading update reported yesterday.
Exxon Sues California Official, Claiming He Defamed the Company
The lawsuit, an unusual strategy for the oil giant, comes after California’s attorney general sued Exxon last year alleging ...
Exxon Mobil price target lowered to $122 from $124 at BofA
BofA analyst Jean Ann Salisbury lowered the firm’s price target on Exxon Mobil (XOM) to $122 from $124 and keeps a Neutral rating on the ...
Exxon's Earnings Bombshell: Profits Set to Miss Big
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Chevron CEO Wirth Backs Hess in Exxon Arbitration Over Guyana
Chevron Corp. Chief Executive Officer Mike Wirth reiterated his support for Hess Corp. in its arbitration battle with Exxon ...
Exxon sues California AG, environmental groups over attacks on recycling efforts
Exxon Mobil filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court ...
Exxon sues California attorney general, environmental groups for disparaging its recycling initiatives
ExxonMobil on Monday sued California Attorney General Rob Bonta (D) and a group of environmental activist groups, alleging ...
Exxon Sues California AG, Environmental Groups Over ‘Smear’
Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made ...
Exxon signals weaker performance across the board to hurt Q4 profits
Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce ...