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ExxonMobil News

11 Sep 2017

ExxonMobil slashes LNG price to India in bad omen for producers

Long-term contracts are rarely revised in the LNG market, and for a big producer to cave in shows how supply from new plants in Australia and the United States over the past two years has transformed the market, analysts said.

11 Sep 2017

Petronet set to buy extra 1 million tonnes Australian LNG from Exxon

The deal for additional volumes is yet to be signed.

24 Mar 2016

ExxonMobil, Chevron told to allow investor climate votes

US regulators have told ExxonMobil and Chevron to permit shareholders to vote on resolutions requiring assessments of how climate change policies might affect them, according to documents released Thursday.

03 Aug 2015

US stocks drop as oil equities tumble

US stocks dropped Monday with petroleum-linked equities retreating on a big drop in oil prices as Wall Street girds for a busy week of economic reports.

28 May 2015

ExxonMobil to set up business suppport centre in B'luru

Karnataka government Thursday said ExxonMobil, a US-based international oil and gas company, will be establishing a new Business Support Center in the city later this year to provide a range of technical and business support services for the company, globally.

30 Apr 2015

ExxonMobil earnings fall on lower oil prices

ExxonMobil earnings fell sharply in the first quarter as the big drop in oil prices crimped the petroleum giant`s exploration and production results, the company said Thursday.

20 Mar 2015

Dow, S&P 500 fall; Nasdaq up back near 5,000

The Dow and S&P 500 Thursday gave back some of their gains from the prior session, while the Nasdaq edged up closer to 5,000.

04 Mar 2015

ExxonMobil cuts capital spending on falling oil prices

US oil giant ExxonMobil said Wednesday it would reduce investment spending by nearly 12 percent this year in response to lower crude-oil prices.

26 Feb 2015

ExxonMobil says Russia sanctions cost it $1 bn

US energy giant ExxonMobil said Thursday that US and European Union sanctions against Russia had cost it $1 billion last year.

02 Feb 2015

ExxonMobil profits drop as oil and gas output falls

ExxonMobil Monday reported a fall in quarterly earnings on lower oil and gas production and a weak US refining performance.

10 Oct 2014

Venezuela fined $1.6 bn for taking ExxonMobil assets

A World Bank arbitration panel Thursday ruled that the Venezuelan government must pay ExxonMobil $1.6 billion to compensate for taking control of the US firm`s heavy-oil project in the country.

02 Jul 2014

ExxonMobil pumps $1bn to Europe

The US energy giant said it intends to instal a new unit at the site which will convert heavy crude into diesel and marine fuel.

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