Tag: Exxon Mobil

Energy, Industries

Exxon posts a profit, snapping four-quarter loss streak

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 […]

Energy, Industries

Exxon shares jump as activist investor Jeff Ubben joins the board

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 […]

Energy, Industries

Exxon Mobil reports a $20 billion loss, fourth straight quarter in the red

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 […]

Energy, Industries

Exxon reports third straight quarter of losses with revenue down nearly 30%

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 […]

Finance Tech, Trading

BANK OF AMERICA: Here’s a list of our 11 favorite stocks for next year

December 14, 2018

Via: Business Insider

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 […]

Energy, Industries

Exxon profit swells but disappoints as global oil surplus continues

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 […]

Energy, Industries

Exxon Mobil Lends Its Support to a Carbon Tax Proposal

June 20, 2017

Via: The New York Times

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 […]

Energy, Industries

Forget the election! Oil is driving the market

October 12, 2016

Via: CNN

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 […]

Energy, Industries

Exxon Mobil earnings plunge

February 2, 2016

Via: CNN

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 […]