ExxonMobil said on Thursday its quarterly profit jumped 28 percent on higher prices for crude and natural gas.» Read More
July 31- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported higher second-quarter revenue, driven by increased bitumen prices and production. The company, 69.6 percent owned by Exxon Mobil Corp, said total revenue and other income rose 26.3 percent to C $10.05 billion in the second quarter ended June 30.
*80 shale wells to have been drilled by late 2014. WARSAW, July 31- Poland is seeing less exploratory drilling for shale gas than expected, environment minister Maciej Grabowski told Reuters, dealing a setback to the country's efforts to find a cheap alternative to the natural gas it imports from Russia.
BP PLC rose$. 56 or 1.1 percent, to $49.54. ConocoPhillips fell$. 08 or. 1 percent, to $84.63. Exxon Mobil Corp. fell$. 30 or. 3 percent, to $103.25.
IRVING, Texas— In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement. Exxon Mobil says it'll follow new anti-bias rules.
There has been a flurry of meetings between biofuel backers and White House officials in advance of the release of the long-delayed targets for the use of renewable fuels this year, which are expected to reach the Office of Management and Budget for review within weeks.
BP PLC rose$. 19 or. 4 percent, to $49.17. ConocoPhillips fell$. 13 or. 2 percent, to $84.58. Exxon Mobil Corp. fell$. 55 or. 5 percent, to $103.00.
BP PLC fell$. 02 or percent, to $48.96. ConocoPhillips rose$. 64 or. 8 percent, to $85.35. Exxon Mobil Corp. rose$. 04 or percent, to $103.59.
MOSCOW— U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.
BP PLC fell$. 28 or. 5 percent, to $50.64. ConocoPhillips fell$. 73 or. 8 percent, to $85.19. Marathon Oil Corp. fell$. 28 or. 7 percent, to $40.23.
NEW YORK— U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week. ExxonMobil and MasterCard are among the heavyweights posting earnings this week. Family Dollar soared 25 percent after Dollar Tree announced plans to buy the rival discount store.
BP PLC fell$. 31 or. 6 percent, to $50.61. ConocoPhillips fell$. 31 or. 4 percent, to $85.62. Exxon Mobil Corp. rose$. 76 or. 7 percent, to $103.94.
BP PLC fell$. 35 or. 7 percent, to $50.57. ConocoPhillips fell$. 46 or. 5 percent, to $85.46. Exxon Mobil Corp. fell$. 01 or percent, to $103.17.
Family Dollar rose the most in the Standard& Poor's 500 index— with a 25 percent gain— after Dollar Tree announced plans to buy the rival discount store for roughly $8.5 billion. Family Dollar's stock surged $15.08 to $75.74. Trulia jumped on news that Zillow, a rival real-estate listing service, was buying it for $3.5 billion.
The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
HOUSTON, July 25- Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
Some of the names on the move ahead of the open.
MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.
BP PLC rose$. 20 or. 4 percent, to $51.39. ConocoPhillips fell$. 51 or. 6 percent, to $86.25. Exxon Mobil Corp. rose$. 03 or percent, to $104.28.
HONG KONG, July 24- Throughout his career at China's biggest oil producer, Jiang Jiemin was careful to put politics before business, say colleagues who worked closely with the purged executive.