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Exxon Mobil Corp

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  • Like shale oil, solar power is shaking up global energy Saturday, 25 Apr 2015 | 9:00 PM ET

    SINGAPORE/ TOKYO, April 26- One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. Solar power is set to become profitable in Japan as early as this quarter, according to the Japan Renewable Energy Foundation, freeing it from the need for government subsidies and...

  • Final Glance: Oil companies Friday, 24 Apr 2015 | 8:08 PM ET

    BP PLC fell$. 14 or. 3 percent, to $43.46. ConocoPhillips fell$. 75 or 1.1 percent, to $67.51. Exxon Mobil Corp. fell$. 57 or. 7 percent, to $86.97.

  • *Time Warner Cable rises; Charter seeks talks. April 24- The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. Google ended 2.9 percent after reporting higher quarterly results while Microsoft jumped 10.45 percent after it topped estimates.

  • Midday Glance: Oil companies Friday, 24 Apr 2015 | 1:36 PM ET

    BP PLC fell$. 20 or. 5 percent, to $43.40. ConocoPhillips fell$. 71 or 1.0 percent, to $67.55. Exxon Mobil Corp. fell$. 37 or. 4 percent, to $87.17.

  • The threat of Islamic State group militants, who have swept across much of northern Iraq and are battling Kurdish forces only miles away from the Kurdish capital, Irbil, has dampened international interest. The security threat only increases oil companies' doubts, on top of falling oil prices and disputes between the Kurds and the Iraqi central government in...

  • HOUSTON— In the year since the energy industry last gathered in for its big annual confab in Houston, prices for oil and natural gas took a dive that few, if anyone, saw coming. IHS's Kurt Barrow expects oil prices to maybe climb back to $65 a barrel by the end of the year. Adam Sieminski, administrator of the U.S. Energy Information Administration, expects oil to average...

  • Early Glance: Oil companies Friday, 24 Apr 2015 | 10:55 AM ET

    BP PLC fell$. 14 or. 3 percent, to $43.46. ConocoPhillips fell$. 93 or 1.4 percent, to $67.33. Exxon Mobil Corp. fell$. 39 or. 4 percent, to $87.15.

  • MOSCOW, April 24- Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project, the company said on Friday. Development of Russia's offshore Arctic riches has been hampered by Western sanctions over Moscow's role in the Ukrainian...

  • Stocks rise on tech earnings; Nasdaq adds to record Friday, 24 Apr 2015 | 4:43 AM ET

    NEW YORK— Stocks advanced slightly Friday as investors cheered the quarterly results of three large technology companies: Google, Microsoft and Amazon. Next week, more than 150 companies in the S&P 500 will report their results, including such market-moving names as Apple, Ford, Visa, Pfizer and Exxon Mobil. Microsoft, Amazon and Google all rose sharply after the...

  • Final Glance: Oil companies Thursday, 23 Apr 2015 | 6:05 PM ET

    BP PLC rose$. 36 or. 8 percent, to $43.60. ConocoPhillips rose$. 38 or. 6 percent, to $68.26. Exxon Mobil Corp. rose$. 08 or. 1 percent, to $87.54.

  • Correction: Oil Leak-Arkansas story Thursday, 23 Apr 2015 | 4:09 PM ET

    LITTLE ROCK, Ark.— In a story April 22 about a settlement involving an Arkansas oil spill, The Associated Press misspelled the last name of an Exxon Mobil Corp. spokesman. Exxon Mobil firms to pay nearly $5 M for Arkansas oil spill. LITTLE ROCK, Ark.— Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the...

  • Business events scheduled for the coming week Thursday, 23 Apr 2015 | 1:43 PM ET

    Restaurant Brands International Inc. reports quarterly financial results before the market opens. WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for February, 9 a.m.; The Conference Board releases the Consumer Confidence Index for April, 10 a.m.; Federal Reserve policymakers meet to set interest rates. WASHINGTON— Commerce...

  • Early Glance: Oil companies Thursday, 23 Apr 2015 | 11:02 AM ET

    BP PLC rose$. 37 or. 9 percent, to $43.61. ConocoPhillips rose$. 84 or 1.2 percent, to $68.72. Exxon Mobil Corp. rose$. 55 or. 6 percent, to $88.01.

  • *Statoil cutting less in capex than any other major. OSLO, April 23- Norway's Statoil is cutting investments less than any other oil major this year, positioning for a crude price recovery but taking a risk should the slump be protracted. We are either euphoric or depressed, " Statoil Chief Economist Eirik Waerness said.

  • HOUSTON, April 23- There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover. Beaten down by a seven-month rout that slashed crude prices from over $147 a barrel last summer to $42 a barrel, producers are bracing for oil to remain at about $60 a barrel for as long as the next five years or so, according to executives...

  • Final Glance: Oil companies Wednesday, 22 Apr 2015 | 6:13 PM ET

    BP PLC rose$. 46 or 1.1 percent, to $43.24. ConocoPhillips fell$. 14 or. 2 percent, to $67.88. Exxon Mobil Corp. rose$. 58 or. 7 percent, to $87.46.

  • Midday Glance: Oil companies Wednesday, 22 Apr 2015 | 1:39 PM ET

    BP PLC rose$. 39 or. 9 percent, to $43.17. ConocoPhillips fell$. 14 or. 2 percent, to $67.88. Exxon Mobil Corp. rose$. 43 or. 5 percent, to $87.31.

  • Early Glance: Oil companies Wednesday, 22 Apr 2015 | 10:25 AM ET

    BP PLC rose$. 32 or. 7 percent, to $43.10. ConocoPhillips fell$. 42 or. 6 percent, to $67.60. Exxon Mobil Corp. fell$. 12 or. 1 percent, to $86.76.

  • April 22- Exxon Mobil Corp has agreed to pay $5.07 million to resolve allegations it violated the federal Clean Water Act and state environmental laws in connection with a 2013 oil spill in Arkansas, the U.S. Department of Justice and Environmental Protection Agency said on Wednesday. Under a consent decree made public on Wednesday, Exxon will pay $4.19 million...

  • LITTLE ROCK, Ark.— Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the 2013 Mayflower oil spill in central Arkansas, according to a consent decree filed in federal court Wednesday. Exxon Mobil spokesman Christian Flatham said the settlement lowered the number of barrels of oil estimated to...