Exxon profits slide with natural gas prices weak
NEW YORK (AP) — Exxon Mobil brought in $69 billion in revenue in the second quarter, down from last year's $73.5 billion.
Some of the benefits of rising crude prices, up 22% this year, were...
Climate change debate in the focus at Exxon’s annual meeting
DALLAS (AP) — Activist shareholders used Exxon Mobil's annual meeting to renew their accusations that the company is failing to confront a future that may include stricter regulations to limit...
HOUSTON (AP) — Exxon Mobil says it plans to spend $2 billion to expand a chemicals plant next to the Houston Ship Channel and that the project will create 2,000 temporary construction...
Exxon, Qatar Petroleum to expand LNG export plant in Texas
DALLAS (AP) — Exxon Mobil is making a big bet on the future of exporting natural gas.
Exxon and Qatar Petroleum announced Tuesday that they will go ahead with a $10 billion project to export liquefied natural gas from a plant on the Texas Gulf Coast.
The companies said construction at the Golden Pass plant in Sabine Pass, Texas, would start before April, and the export operation is expected to begin running in 2024.
Exxon revenue rises, 4Q profit beats expectations
DALLAS (AP) — Exxon Mobil increased revenue during a volatile fourth quarter for world oil markets, but profit fell 28 percent from a year earlier, when Exxon booked a huge gain from lower corporate tax rates.
The earnings topped Wall Street expectations, however, and capped Exxon's most profitable year since 2014.
The shares rose $2.64, or 3.6 percent, to close at $75.92 on Friday.
Exxon aims to boost production even with any climate rules
DALLAS (AP) — Exxon's CEO says the company can more than double its earnings by 2025 and will invest in new oil and gas production even if policymakers adopt rules to combat climate change.
Darren Woods told shareholders Wednesday that technology like biofuels will allow the company to produce energy with lower carbon emissions.
Environmentalists say Woods is offering political spin instead of solutions.
After Trump tax cuts, ExxonMobil to invest $50 billion in U.S. business
One of the world's leading oil companies said Monday it will make new investments in the U.S. worth tens of billions of dollars as a result of the recent tax reform bill championed by President Trump and congressional Republicans.
In a blog post on his company's website, ExxonMobil CEO Darren Woods said his firm will put $50 billion into existing and new American operations, hiring new workers and expanding output in Texas, New Mexico, and elsewhere.
Exxon says it’ll invest over $50 billion, citing tax cut
DALLAS (AP) — Exxon's CEO says the oil company will invest more than $50 billion over the next five years to expand its business in the U.S.
Chairman and CEO Darren Woods said Monday that the investments are possible because of the company's strength, helped by the recent law that cut taxes on corporations.
Exxon’s 3Q profit jumps 50 percent, beating forecasts
IRVING, Texas (AP) — Buoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion.
The oil giant also sharply increased spending on exploration, reversing a trend from the first half of the year. Lower capital spending had raised concern about future production of oil and gas, since projects in the energy business can take years before there is meaningful production.
Letter: Ignoring climate change has dangerous ramifications
To the Editor,
In 1775, Patrick Henry had this to say to his fellow Americans, “We are apt to shut our eyes against the painful truth. … Is this the part of wise men, engaged in a great and arduous struggle for truth? Are we to be like those who having eyes see not and having ears hear not? For my part, whatever anguish of spirit it might cost, I am willing to know the whole truth and to know it now.”
Investors press Exxon on disclosure of climate change impact
DALLAS (AP) — Disregarding the company's opposition, Exxon Mobil shareholders asked the oil giant to provide more information about the impact that climate-change policies could have on its business.
The measure was approved Wednesday by investors holding 62 percent of Exxon shares. A similar proposal earned 38 percent approval a year ago.
- Business WireExxonMobil Progresses Growth Plans and Efforts to Advance Lower-Emissions TechnologiesMay 29, 2019
- BusinessWireExxonMobil to Release Fourth Quarter and Full Year 2018 Financial ResultsJanuary 28, 2019
- BusinessWireExxonMobil Donates $50,000 to Family Compass to Build Healthy FamiliesDecember 12, 2018