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Exxon Mobil Corp

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  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • PARIS, July 29- French oil company Total posted higher than expected second-quarter profit on Wednesday, helped by increased refining margins in Europe and accelerated cost cuts to adjust to a low oil price environment. Europe's second biggest oil company reported adjusted net profit of $3.085 billion, beating analyst expectations of $2.61 billion and only...

  • Technicians prepare oil drilling equipment to be used at Vaca Muerta Shale oil reservoir in Loma Campana. YPF has an agreement with US Chevron to exploit Vaca Muerta.

    While big-name oil stocks rose in tandem with the commodity Tuesday, they're still slated to struggle, one industry analyst said.

  • UNITED NATIONS, July 28- Venezuela's president Nicolas Maduro said he asked U.N. Secretary-General Ban Ki- moon for U.N. mediation in his country's century-old border dispute with neighboring Guyana. Guyana is a small former British colony of around 740,000 people on the northeast shoulder of South America.

  • WILLISTON, N.D., July 27- A subsidiary of Exxon Mobil Corp donated $5 million on Monday to a North Dakota government housing fund that subsidizes construction of low-cost apartments for teachers and emergency personnel in the state's oil patch. XTO Energy will receive a 100 percent tax write-off for its donation to the North Dakota Housing Incentive Fund, which...

  • Gasoline prices would rise by about 8 to 14 cents a gallon, if the ban were lifted, because the move would boost the price for domestic oil, according to the report by Stancil& Co.. But a full lifting of the ban faces an uphill battle as many lawmakers in Congress are wary about being blamed for a rise in gasoline prices, even if any boost is unrelated to oil exports.

  • HOUSTON, July 27- Petroleos de Venezuela has asked oil suppliers to submit offers to sell the South American country up to 70,000 barrels per day of ultralight sweet crudes through contracts of one to five years, potential bidders told Reuters. Even though the OPEC- member nation has the world's largest oil reserves, it does not produce enough light, sweet crude.

  • A risky investment with maybe 'China-like returns' Monday, 27 Jul 2015 | 12:12 PM ET
    Pedestrians wait at a roadside beside a sign advertising Caterpillar heavy construction machinery in Dakar, Senegal, last January.

    Ahead of President Barack Obama's trip to Kenya and Ethiopia, Africa has resurfaced as a topic of discussion in the investment community.

  • Minefield for market with Fed, earnings, commodities Monday, 27 Jul 2015 | 8:08 AM ET
    An oil trader works on the floor of the New York Mercantile Exchange.

    The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.

  • SYDNEY/ HONG KONG, July 27- Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Financial spreadbetters expected Britain's FTSE 100 0.3 percent lower, Germany's to open 0.4 percent down, and...

  • LAUNCESTON, Australia, July 27- With commodity prices slumping, the local currency slipping and manufacturing jobs disappearing, Australians are starting to question whether they've backed the wrong economic horse. But with China's growth slowing and many commodities in structural oversupply after resource companies over-estimated future demand,...

  • SYDNEY, July 27- Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Japan's Nikkei slipped 0.5 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.8 percent.

  • *Most Asian stock markets lower tracking Wall St. SYDNEY, July 27- Asian shares began the week on a plaintive note amid losses on Wall Street and worries over China, while investors braced for a Federal Reserve meeting that might take another small step toward lifting U.S. interest rates. Japan's Nikkei slipped 0.8 percent in early trade, while MSCI's broadest...

  • Why earnings are literally running out of gas Sunday, 26 Jul 2015 | 5:01 PM ET
    Natural gas is flared off at Apache Corp.'s Deadwood natural gas plant in Garden City, Texas.

    Second-quarter earnings are now slated to be negative, and there's a clear culprit for the drop.

  • A look at the largest companies in the S&P 500 Friday, 24 Jul 2015 | 7:08 PM ET

    Amazon surpassed the world's largest retailer, Wal-Mart Stores Inc., in market value Friday, on the back of a strong earnings report. Amazon shares closed up nearly 10 percent, giving the Seattle company a market value of $247.77 billion, versus $230.53 billion for Wal-Mart. A company's market value is calculated by multiplying the number of shares of stock it...

  • Cramer game plan—My Fed-pectations in week ahead Friday, 24 Jul 2015 | 6:13 PM ET
    Federal Reserve Board Chair Janet Yellen testifies before a House Financial Services committee hearing on Capitol Hill in Washington, July 15, 2015.

    Jim Cramer lays out his game plan next week. It will all about the Fed, Fed, Fed with a side of China.

  • Pisani: What's worrying traders about Q3 earnings Friday, 24 Jul 2015 | 4:13 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Dollar strength, weak oil weigh on earnings.

  • NEW YORK, July 24- French oil major Total S.A. is selling a 50 percent stake in its sole U.S. refinery in Port Arthur, Texas, and has retained investment bank Lazard to advise on the deal, according to a source familiar with the matter. Lazard and Total both declined to comment. In June, Exxon Mobil Corp and Petroleos de Venezuela SA sold their 192,500 bpd Chalmette,...

  • With the energy sector's second-quarter earnings seen doing better than the prevailing consensus forecast for a decline of almost 59 percent from the year-ago quarter, according to a Thomson Reuters analysis, shares could get a benefit. But the S&P energy subsector of exploration and production companies is at its most expensive on a price-earnings basis...

  • *BP, Statoil kick off results on July 28. LONDON, July 23- The world's top oil companies are set to report yet another sharp drop in quarterly profits that could force more spending cuts due to a dim outlook for oil prices. International oil companies including Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total all reduced 2015 spending by 10 to 15 percent from last...