Exxon Mobil Corp.
Imperial Oil Limited, a leading Canadian energy company, has announced that it has received final acceptance from the Toronto Stock Exchange for a normal course issuer bid to repurchase up to five percent of its outstanding common shares. This move reflects the company's priority and capacity to return
Exxon Mobil Corp.
During the first quarter of 2025, ExxonMobil's earnings declined due to a significant decline in industry refining margins, weaker crude prices, lower base volumes from divestments, and higher expenses driven by growth initiatives. However, the company benefited from increased volumes from advantaged Upstream investments in the Permian and
Petroleum industry
Stocks saw a boost in trading on Tuesday, with the Dow Jones industrial average leading the pack with a 0.8% gain. The Nasdaq and S&P 500 also saw significant increases, at 0.7% and 0.6% respectively. The gains were driven by several key stocks, including Visa,
Petroleum industry
The Dow Jones Industrial Average rose 87 points on Monday, November 2, 2015, driven by gains in the Energy industry. The NYSE advances/declines ratio sat at 2,154 issues advancing versus 798 declining, with 159 issues unchanged. Energy Transfer Partners led the way, up 2.9%, followed closely by
Petroleum industry
US environmental campaigners, climate scientists, and other organizations have joined forces to call for a federal investigation into allegations that ExxonMobil covered up the truth about climate change. The demands follow revelations that the company knew about the dangers of climate change as early as the 1970s but chose to
Petroleum industry
Stocks on Wall Street maintained a fairly narrow trading range for most of the session before plummeting in the final hour, despite consolidating some gains at the end of the day. The market's best performing month in four years came to an end, with the Fed meeting being
Petroleum industry
The US stock market closed lower after a dismal first quarter for the economy, with the S&P 500 falling 0.17%, the Dow Jones Industrial Average declining 0.15%, and the Nasdaq down 0.36%. Weak personal income and spending data, coupled with underwhelming earnings reports from major
Petroleum industry
Despite mounting warnings from governments and scientists that global warming is a pressing crisis, the world's biggest fossil fuel companies are asserting that they will continue to extract coal, oil, and gas reserves from the ground. This defiance is accompanied by a growing trend of the world moving
Petroleum industry
Markets around the world experienced a significant uptick on December 15, as concerns over Dubai's debt woes appeared to be alleviated and Exxon Mobil announced its intention to acquire XTO Energy for $41 billion. The Dow Jones Industrial Average rose 0.26% to 10,499.24, the Standard
Petroleum industry
The S&P/TSX Composite Index on the Canadian stock market experienced a significant gain on Monday, boosted by energy and mining firms. The index rose by 121.76 points, or 1.07 percent, reaching 11,545.69. Key players in the energy sector, such as EnCana Corp., Talisman
Petroleum industry
The Australian government has agreed to loan US$500 million to support the development of a US$15 billion liquefied natural gas (LNG) project in Papua New Guinea. The project, led by Esso Highlands Ltd, a subsidiary of energy giant ExxonMobil, is a joint venture with Australian listed companies Oil
Petroleum industry
ExxonMobil, one of the world's leading energy companies, announced a significant discovery of hydrocarbons in the Dabakan-1 well in the Sulu Sea off southern Philippines. The company's drilling data revealed the presence of reservoir sands and hydrocarbons, with plans to drill further to a total depth
