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Results for "Exxon"

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Exxon Mobil Q2 Revenue Surges to $116B Despite EPS Miss
Businessseeking-alpha3h ago

Exxon Mobil Q2 Revenue Surges to $116B Despite EPS Miss

Exxon Mobil reported a significant surge in Q2 revenue to $116 billion, surpassing estimates, despite missing EPS expectations. The company's crude and liquids output increased by 3.5% year-over-year, while natural gas production contracted.

American Oil Majors Face Obstacles in Venezuela
Businesshindustan-times1d ago

American Oil Majors Face Obstacles in Venezuela

Major American oil companies, including Exxon and Chevron, are vying for prime oil fields in Venezuela. However, negotiations are not progressing as quickly as the Trump administration had hoped.

NUPRC Awards 19 Oil Licences and Praises ExxonMobil Investment
Businesspunch-ngvanguard-ng22d ago2 sources

NUPRC Awards 19 Oil Licences and Praises ExxonMobil Investment

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded 19 oil prospecting licenses to 12 firms during the 2024 bid round. NUPRC also commended ExxonMobil's $1 billion deepwater investment, highlighting its significance for the Nigerian oil sector.

Cyprus Advances Gas Field Development with ExxonMobil and QatarEnergy
Worldnewsbeast1mo ago

Cyprus Advances Gas Field Development with ExxonMobil and QatarEnergy

The Republic of Cyprus is entering a new, decisive phase in its energy program following the signing of the commerciality declaration for the "Glafkos" and "Pegasus" natural gas fields in Block 10 of its Exclusive Economic Zone, with ExxonMobil and QatarEnergy leading the way towards Egypt.

US Congress Moves to Block F-35 Sales to Turkey
PoliticsbloombergNYTFT+41The GuardianNPRAl JazeeraFox Newsyle-uutisetnostagesschaufaz+33 more1mo ago44 sources

US Congress Moves to Block F-35 Sales to Turkey

A congressional initiative is underway in the US to block the sale of F-35 fighter jets to Turkey, citing concerns over Israel's partnership and Russian intelligence. This development is part of a broader range of news, including Joe Biden criticizing Donald Trump and Serbia showcasing new Russian weaponry.

US and Iran Reportedly Near Deal Amid Conflicting Statements
WorldBBCbloombergNYT+93FTle-mondeThe GuardianNPRAl JazeeraFox Newsnrkyle-uutiset+85 more1mo ago96 sources

US and Iran Reportedly Near Deal Amid Conflicting Statements

Reports indicate the US and Iran are nearing a peace deal, possibly to be signed in Geneva, with Pakistan mediating and Hezbollah confident Lebanon will be included. However, Iran insists on its right to nuclear enrichment, and Trump has denied the authenticity of leaked deal terms.

Exxon Warns of Dangerously Low Oil Inventories, Price Spike
Worldcnbc2mo ago

Exxon Warns of Dangerously Low Oil Inventories, Price Spike

Exxon has warned that global oil inventories are set to reach dangerously low levels in the coming weeks, which could force Brent oil prices to spike to $150-$160 per barrel. An executive stated that physical Brent oil cargoes would see a significant price increase.

Trump Announces Deployment of 5,000 More US Troops to Poland
WorldAPReutersBBC+84bloombergNYTwsjThe GuardianNPRCNNdr-dkFox News+76 more2mo ago87 sources

Trump Announces Deployment of 5,000 More US Troops to Poland

Donald Trump announced that the United States would deploy an additional 5,000 troops to Poland. The decision was largely welcomed by Poland and some NATO allies, though it reportedly caused some confusion among others.

Apple Stock Rises on Strong Quarterly Earnings, iPhone Demand
TechnologyBBCcnbcsvenska-dagbladet+8tvn24vgBusiness InsiderYahoochannel-news-asiaseeking-alphaRapplerzerohedge3mo ago11 sources

Apple Stock Rises on Strong Quarterly Earnings, iPhone Demand

Apple's stock surged after the company reported strong quarterly earnings, exceeding estimates due to robust iPhone and Mac demand, especially in China, and subsequently boosted its financial guidance.

Exxon Mobil CEO Predicts Oil Price Surge Amid Iran War
Politicscnbchelsingin-sanomat3mo ago2 sources

Exxon Mobil CEO Predicts Oil Price Surge Amid Iran War

Exxon Mobil's CEO anticipates higher oil prices as a result of the Iran war, suggesting the market has not yet fully absorbed the conflict's economic impact. This comes as some oil giants are reportedly defying Trump's policies related to the conflict.

Politicsseeking-alpha14d ago

SEC Proposal for Semiannual Reporting Draws Mixed Reactions

A U.S. Securities and Exchange Commission (SEC) proposal to shift to semiannual reporting has sparked public backlash, though Exxon has voiced its support for the change. The proposal aims to alter the frequency of financial disclosures by companies.

ExxonMobil Advances East Mediterranean Energy Strategy
Politicscyprus-mail26d ago

ExxonMobil Advances East Mediterranean Energy Strategy

ExxonMobil's strategy in the East Mediterranean energy sector is entering a new phase, prompting discussions on the Cypriot government's role in ensuring energy supply. The development highlights the ongoing importance of energy exploration in the region.

Cyprus Gas Fields Declared Marketable by Energy Giants
Worldcyprus-mailnaftemporiki1mo ago2 sources

Cyprus Gas Fields Declared Marketable by Energy Giants

Cyprus, ExxonMobil, and QatarEnergy have signed a marketability declaration for the Glaucus and Aphrodite gas fields, officially deeming them commercially viable. This agreement marks a significant step for energy development in the region.

Exxon Mobil Stock Performance Underperforming Dow
BusinessYahoo2mo ago

Exxon Mobil Stock Performance Underperforming Dow

An analysis questions whether Exxon Mobil stock is currently underperforming compared to the Dow Jones Industrial Average. This article likely delves into financial metrics and market trends affecting the energy giant.

BusinessFT2mo ago

ExxonMobil's Carbon Capture Ambitions Face Backlash

Oil major ExxonMobil is investing billions in carbon capture technology with the aim of building the world's largest carbon capture business. However, its ambitions are threatened by significant backlash on the US Gulf Coast.

Businesseconomist2mo ago

Not All Oil Giants Benefiting Equally from Iran War

While some European oil companies have prospered, Exxon and Chevron have reportedly benefited less from the Iran war compared to their rivals. The conflict's impact on the oil industry is varied across major players.

Wall Street Analysts Divided on ExxonMobil Stock Outlook
BusinessYahoo3d ago

Wall Street Analysts Divided on ExxonMobil Stock Outlook

Wall Street analysts are presenting mixed predictions regarding the future performance of ExxonMobil stock, with some forecasting a climb and others anticipating a decline. Investors are closely watching these varying outlooks to gauge the company's trajectory.

Occidental Petroleum Stock Rises on Evercore ISI Upgrade
BusinessYahooseeking-alpha22d ago2 sources

Occidental Petroleum Stock Rises on Evercore ISI Upgrade

Occidental Petroleum's stock saw a significant jump after Evercore ISI double-upgraded the company, citing improving financials. This positive outlook contributed to a 4% rise in its shares, outperforming competitors like ExxonMobil and Chevron.

Supreme Court Allows Exxon to Sue Cuba Over Seized Assets
PoliticsNYTseeking-alpha1mo ago2 sources

Supreme Court Allows Exxon to Sue Cuba Over Seized Assets

The Supreme Court has sided with Exxon, allowing the company to sue Cuba over assets that were confiscated by the Cuban government. This ruling opens the door for Exxon to pursue legal action regarding its seized properties.

Businessbloomberg1mo ago

Exxon Mobil's LNG Market Strategy

An analysis suggests that Exxon Mobil should avoid investing in the diminishing Liquefied Natural Gas (LNG) market, highlighting potential risks and a changing energy landscape.

Lee Raymond, Former Exxon Mobil CEO, Dies at 87
BusinessbloombergNYT1mo ago2 sources

Lee Raymond, Former Exxon Mobil CEO, Dies at 87

Lee Raymond, the former CEO who created the global oil behemoth Exxon Mobil and was known for his skepticism regarding climate change, has died at the age of 87. He led the company for many years, shaping its direction and influence in the energy sector.

Analysis of Various Stocks for Investment and Shorting Opportunities
BusinessYahoo1mo ago

Analysis of Various Stocks for Investment and Shorting Opportunities

Multiple articles analyze whether various companies, including IonQ, Kinsale Capital Group, Ramaco Resources, Altria Group, Nebius Group, Cloudflare, Rush Street Interactive, Snowflake, SoundHound, and Canadian Solar, are good investment or shorting opportunities. Jim Cramer also commented on CrowdStrike's stock decline as a buying opportunity.

Trump Declares Iran Hostilities Over, Defends Naval Blockade Strategy
PoliticsAPReutersBBC+68bloombergNYTwsjFTwapoThe GuardianNPRAl Jazeera+60 more3mo ago71 sources

Trump Declares Iran Hostilities Over, Defends Naval Blockade Strategy

President Trump informed Congress that hostilities with Iran were "terminated" and defended the use of a naval blockade, which he described as more effective than bombing. He also stated he would not end the conflict early without achieving US objectives, despite Iran's new offers for negotiation.

Trump Threatens 25% Tariffs on EU Cars; Brussels Responds
PoliticsAPReutersBBC+88bloombergNYTFTle-mondeThe GuardianNPRAl JazeeraCNN+80 more3mo ago91 sources

Trump Threatens 25% Tariffs on EU Cars; Brussels Responds

President Trump announced plans to impose 25% tariffs on cars and trucks imported from the European Union, citing dissatisfaction with trade relations. The European Union quickly responded, urging the US to honor existing agreements and warning of potential countermeasures.

Financeseeking-alpha3mo ago

Exxon and Chevron Q1 Profits Expected to Drop Amid Middle East Tensions

Exxon and Chevron are bracing for a double-digit decline in their first-quarter profits, with analysts attributing the anticipated drop to geopolitical 'crosswinds' stemming from the Middle East. The energy giants' financial performance is being closely watched as global oil markets react to regional instability.