Tag: Exxon Mobil

April 30, 2021

Exxon Mobil returned to profitability during the first quarter, beating top- and bottom-line estimates for the period, as the company recovers from the havoc wreaked on the energy sector by the coronavirus pandemic. The oil giant earned $2.7 billion during […]

March 1, 2021

Exxon Mobil announced two board seat changes Monday, including activist investor and ESG proponent Jeff Ubben, in a sign that the company is confronting its uncertain future as the world moves toward cleaner energy and as investors shy away from […]

February 2, 2021

Exxon Mobil said Tuesday that it lost $20.1 billion during the most recent quarter, its fourth straight quarter of losses as the energy giant continues to grapple with the pandemic’s impact on the industry. Exxon said it earned 3 cents […]

October 30, 2020

Exxon Mobil on Friday reported its third straight quarter of losses as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter, the company lost $680 million, although Exxon said results improved on […]

December 14, 2018

Investing is all about avoiding putting all your eggs in one basket. Usually, the more diversified your portfolio is, the less risk you will bear. However, unless you are a big fund manager, you probably won’t buy more than a […]

July 28, 2017

Exxon Mobil’s second-quarter profit nearly doubled but missed expectations as a prolonged downward swing for oil prices constricted the company’s momentum. Exxon reported a $3.35 billion profit for the quarter, up 97% from a year ago, as it slashed spending […]

June 20, 2017

Exxon Mobil, other oil companies and a number of other corporate giants will announce on Tuesday that they are supporting a plan to tax carbon emissions that was put forth this year by a group of Republican elder statesmen. The […]

October 12, 2016

Donald Trump and Hillary Clinton aren’t moving the stock market. Oil is. Investing experts say that the latest moves in crude following the agreement by OPEC to freeze production is the biggest factor behind the market’s recent mini-rebound. The latest […]

February 2, 2016

Exxon Mobil’s bottom line is the latest victim of plunging oil prices.  The nation’s largest oil company reported a 58% drop in fourth quarter profits, and a 50% drop in profits for the full year, as oil pricestumbled 35% last […]