76.00 +0.10 (0.13%)
After hours: 5:18PM EDT
|Bid||75.93 x 1000|
|Ask||76.07 x 1200|
|Day's Range||75.67 - 76.36|
|52 Week Range||64.65 - 87.36|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||17.49|
|Earnings Date||Jul 25, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||3.48 (4.33%)|
|1y Target Est||85.03|
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero Energy, Marathon Petroleum and Continental Resources
Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what the sources say is Russia's worst oil supply disruption. The French and Italian oil majors told their suppliers, including Russia's Rosneft and Surgut, that they would be ready to make payments when the extent of damages is clear and would pay for clean oil when supplies resume, the sources said. Total and Eni are big buyers of Russian oil and are still purchasing it via multiple routes besides Druzhba, which is a major pipeline from Russia to Central Europe and Germany.
ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 29, 2019. Media access will only be provided to authorized representatives of commercial news organizations who register by Friday, May 24, 2019.
A major oil deal between Iraq and Exxon Mobil was "very close" but had been slowed by Exxon's decision on Saturday to evacuate its international staff from the West Qurna oil field, Iraq's Oil Minister Thamer Ghadhban said on Sunday. "But now they are out of the country, why should I run after them?" he said at an oil meeting in Jeddah. Iraqi oil officials say Exxon evacuated all of its foreign staff from the West Qurna 1 field on Friday and Saturday, about 60 people.
The consortium exploring the Kekra-1 well off the coast of Pakistan is ending drilling operations after no reserves of oil and gas were found, a spokesman for Oil and Gas Development Co Ltd, one of the Pakistani partners, said. "The oil exploration well will be plugged and abandoned," said Ahmed Lak, spokesman for state-owned OGDC, part of the group behind the exploration led by Italy's Eni SpA which included Exxon Mobile Corp and Pakistan Petroleum Ltd. No comment was immediately available from Eni, which has operated the exploration licence under a deal signed in 2012.
“This withdrawal may send the wrong message about the situation in Iraq, and that’s something we reject,” Iraq’s Oil Minister Thamir Ghadhban said in a statement on Saturday. The minister sent a letter to Exxon officials seeking clarification about the decision and asking that the workers return to Iraq.
Exxon Mobil's decision to evacuate its foreign staff from the West Qurna 1 oilfield in southern Iraq on Saturday was "unacceptable and unjustified", Iraq's Oil Minister Thamer Ghadhban said on Sunday. "The withdrawal of multiple employees - despite their small number - temporarily has nothing to do with the security situation or threats in the oilfields in of southern Iraq, but it's for political reasons," Ghadhban said in a statement. Exxon Mobil, which has a long term contract to improve the oilfield on behalf of Iraq's state South Oil Company, withdrew all foreign staff, around 60 people, Iraqi officials have said.
The Iraqi military said that a “rocket fell in the middle of the Green Zone” — the area of central Baghdad which holds foreign embassies and government buildings. In a statement, the Iraqi military said the Katyusha rocket, a notoriously inaccurate explosive, caused no casualties.
The other day, the chief executive of a well known global company did something unusual. “It’s definitely true that right now every one of us should think hard about whether or not we need to take a flight,” said Virgin Group CEO, Josh Bayliss.
DUBAI, United Arab Emirates (AP) — The Latest on developments in the Persian Gulf region and elsewhere in the Mideast amid heightened tensions between the U.S. and Iran (all times local):
BASRA, Iraq/DUBAI (Reuters) - Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday. The evacuation came just days after the United States withdrew non-essential staff from its embassy in Baghdad, citing a threat from neighboring Iran, which has close ties to Iraqi Shi'ite militia. Production at the oilfield was not affected by the evacuation and work is continuing normally, overseen by Iraqi engineers, said the chief of Iraq's state-owned South Oil Company which owns the oil field, Ihsan Abdul Jabbar.
BASRA, Iraq (Reuters) - Iraq's oil exports from its southern ports have reached 3.5 million barrels a day (bpd) crude oil as of Saturday, South Oil Company chief Ihsan Abdul Jabbar told Reuters. Exxon ...
Chevron just made a big acquisition attempt that didn't pan out, but Exxon is confident that it doesn't need to go down a similar path.
Crude inventories jumped by 5.4 million barrels in the week to May 10, compared with analyst expectations for a decrease of 1.4 million barrels, the EIA said in its report.
ExxonMobil today said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements. “The Permian Basin is the engine of America’s energy renaissance and New Mexico residents will see direct economic benefits and opportunities from our planned investments,” said Darren W. Woods, chairman and chief executive officer of Exxon Mobil Corporation.
ExxonMobil Corp.'s development of its Permian resources could yield $64B for the state of New Mexico, according to a study conducted for the company.
Annual tax-loss harvesting offers positive and negative aspects for investors. Learn the ins and outs of this taxing and yearly reaping process.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of . Today, we'll look at that and other Apple Rumors for Thursday.Fortune 500: Apple takes the third spot on the most recent Fortune 500 list, reports Fortune. The list has tech company sitting in the third position with revenue of $265.595 billion for 2018. This has it moving up one position from where it was ranked in the previous year's list. The companies that are above it on the list are Walmart (NYSE:WMT) at 1 and Exxon Mobil (NYSE:XOM) at 2.Steam Link: Owners of iOS devices can finally download the Steam Link app, MacRumors notes. This app allows users to stream games from their computers to the mobile devices. It's been around on Android for some time now, but was delayed on iOS. This was likely due to AAPL rejecting the app over it granting access to the another store from within the app. This goes against App Store guidelines.InvestorPlace - Stock Market News, Stock Advice & Trading TipsChina Boycott: Calls for boycotting Apple goods are heating up in China, reports AppleInsider. These calls for a boycott are coming from users online that are unhappy about the trade war between the U.S. and China. The calls are on the rise after President Donald Trump increased tariffs on many Chinese goods last week. Initial calls for boycotting AAPL started back in December 2018 and are picking up steam again with the tariff increase.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Thursday Apple Rumors: Apple Ranks 3 on Fortune 500 List appeared first on InvestorPlace.
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $286,000 to 31 New Jersey colleges and universities, the company said today. The American Indian College Fund, Hispanic Scholarship Fund and United Negro College Fund are also eligible to receive donations as part of the matching gift program.
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $314,000 to 34 Illinois colleges and universities, the company said today. The American Indian College Fund, Hispanic Scholarship Fund and United Negro College Fund are also eligible to receive donations as part of the matching gift program.