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Exxon Mobil Corp

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  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • AmEx to roll out loyalty program Plenti on Monday Sunday, 3 May 2015 | 5:02 PM ET

    NEW YORK— American Express will roll out its new loyalty program, Plenti, on Monday, allowing U.S. shoppers for the first time to earn rewards points through a variety of purchases, from paying a phone bill to filling up at the pump. Users can join for free and don't have to be American Express members. "It will really be the first time where U.S. consumers, on a single...

  • May 1- Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling crude prices. The help from refining operations mirrored results at large, integrated peers such as Exxon Mobil Corp and Royal Dutch...

  • *Shell, Total restructure to combat falling oil prices. LONDON, May 1- Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory. Snapping at their heels are energy brokerages Vitol and...

  • May 1- Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling oil prices. The reliance on refining operations mirrored results at large, integrated rivals Exxon Mobil Corp and Royal Dutch Shell, as...

  • LONDON, May 1- The world's top oil companies can expect only limited solace from refining for the rest of the year, even as the often-troubled segment proved valuable in the face of sinking oil prices. Overcapacity in the sector previously made it the bane of integrated oil majors such as BP, Royal Dutch Shell, Exxon Mobil, Chevron, Total and Eni.

  • TOKYO, May 1- U.S. crude oil futures were steady around $59.70 a barrel in quiet trade on Friday with many major markets closed for May Day, after posting the biggest monthly gain in six years in April. *U.S. crude for June delivery was 4 cents higher at $59.67 a barrel by 1145 GMT. *OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or...

  • Why big oil stocks may be 'safe': Analyst Thursday, 30 Apr 2015 | 3:54 PM ET
    Chevron

    Oil names like Chevron and Exxon Mobil issue dividends that make them steady amid the sector's uncertainty, an analyst said.

  • April 30- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, on Thursday reported a 55 percent fall in quarterly profit as global crude prices halved. Imperial Oil Chief Executive Rich Kruger said the company, which is 69.6 percent owned by Exxon Mobil Corp, would maintain a cautious spending outlook in the months to come. The company is close to...

  • U.S. firms lead EU lobbying league Thursday, 30 Apr 2015 | 1:58 PM ET

    *Tech rivals Microsoft, Google among big lobbiers. BRUSSELS, April 30- U.S. companies, including tech rivals Microsoft and Google, were among leading spenders on corporate lobbying in Brussels last year, a Reuters review of new data showed. Oil majors Exxon Mobil of the United States and Anglo-Dutch Shell shared the top spot with Microsoft, with reported spending...

  • April 30- Exxon Mobil Corp's first-quarter profit dropped less than expected in results posted on Thursday as margins at the refining unit of the world's largest publicly traded oil company surged on tumbling crude prices. "It was a strong quarter," said Brian Youngberg, analyst at Edward Jones in Saint Louis. The Irving, Texas- based company earned a...

  • Traders run from bearish energy bets Thursday, 30 Apr 2015 | 11:42 AM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Oil prices are their highest levels for the year, and now some traders are fleeing from their bearish bets on energy stocks.

  • Cramer: Looking for low-risk investment? Buy Exxon Thursday, 30 Apr 2015 | 10:53 AM ET

    CNBC's Jim Cramer said investors can buy Exxon shares without "getting in trouble," and here's why.

  • NEW YORK, April 30- PBF Energy executives said on Thursday they have yet to deliver on plans to grow the company through acquisitions but remained hopeful. PBF Energy owns refineries in New Jersey, Delaware and Ohio. The New Jersey- based company was reportedly interested in Exxon Mobil's Los Angeles- area refinery, but those plans were delayed following an...

  • ExxonMobil beat was best among supermajors: Analyst Thursday, 30 Apr 2015 | 9:43 AM ET
    A customer fuels a vehicle at a Mobil gas station in Peoria, Illinois.

    Exxon Mobil reports quarterly earnings and revenue that handily topped analysts' expectations.

  • Bad sign? Retail investors all in: TD Ameritrade Thursday, 30 Apr 2015 | 9:33 AM ET
    Fred Tomczyk, chief executive officer of TD Ameritrade Holding Corp.

    TD Ameritrade CEO Fred Tomczyk acknowledges the potential pitfalls of people being "pretty fully invested" and what that may portend for stocks.

  • A trader works on the floor of the New York Stock Exchange.

    U.S. stock index futures indicated a lower open as markets digested mixed data and major moves in the dollar and Treasurys, after the Fed statement.

  • Cramer: Why Exxon is always a good buy   Thursday, 30 Apr 2015 | 9:01 AM ET
    Cramer: Why Exxon is always a good buy

    CNBC's Jim Cramer explains why investors do not get into trouble when they buy Exxon shares.

  • April 30- Exxon Mobil Corp reported a smaller-than-expected drop in quarterly profit on Thursday as oil and gas output and refining results grew even as lower crude prices ate into earnings at the world's largest publicly traded oil company. "It was a strong quarter," said Brian Youngberg, analyst at Edward Jones in Saint Louis. The Irving, Texas company earned a...

  • Exxon surprises on both sides: Analyst   Thursday, 30 Apr 2015 | 8:36 AM ET
    Exxon surprises on both sides: Analyst

    Doug Terreson, ISI Group analyst, breaks down ExxonMobil's better-than-expected quarterly numbers, and provides insight on the energy sector.