April 28, 2023
Via: ABC NewsExxon Mobil more than doubled its profit during the first quarter, producing more oil to overcome energy prices that have declined during a period of economic unease. Net oil and gas net production jumped by nearly 300,000 oil-equivalent barrels per […]
October 28, 2022
Via: ABC NewsOil companies brought in record profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas company […]
July 21, 2020
Via: FortuneJeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism […]
May 1, 2017
Via: ABC NewsExxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts made by the company as energy prices tumbled. The Irving, Texas, company earned $4.01 billion, or 95 cents per share, for the […]
September 21, 2016
Via: The New York TimesThe Securities and Exchange Commission has requested information from Exxon Mobil on the company’s longstanding policy of not writing down the value of oil reserves, as other energy companies have done in the recent past, Exxon Mobil confirmed on Tuesday. […]
May 24, 2016
Via: The New York TimesExxon Mobil has been under pressure for over a year to explain its handling of climate change issues in the past. Now the company faces new pressure to explain its future, particularly how it will change in response to a […]
May 2, 2016
Via: The New York TimesThe two mightiest American oil companies don’t look so mighty any more. With oil and natural gas prices at record lows and refining profit margins weakening, Exxon Mobil on Friday posted its smallest profit for any quarter since 1999, while […]
April 28, 2016
Via: TimeTuesday brought two seismic announcements in the business world. First, ExxonMobil was stripped of its AAA rating by S&P, which it held since 1949. The downgrade was thanks to a ballooning of debt, driven in part by a share buyback […]
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