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Stocks Exxon Mobil Corp

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  • LITTLE ROCK, Ark.— Two subsidiaries of ExxonMobil said in a court filing Friday that they won't move the Pegasus Pipeline from beneath the watershed where Central Arkansas gets most of its drinking water. Earlier this month, Central Arkansas Water utility officials asked a federal judge to reject a proposed settlement among the companies— ExxonMobil Pipeline...

  • *Wall Street closes lower, energy stocks drag. NEW YORK, July 31- The dollar fell and benchmark U.S. Wall Street stock prices closed down, after surrendering early gains from the Employment Cost Index data showing the smallest quarterly increase in 33 years.

  • July 31- Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Exxon Mobil shares dropped 4.58 percent while Chevron lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices. That's what this market has been about since we've been in such a tight trading range this...

  • July 31- Wall Street was mixed on Friday as a drop in energy companies' stocks was offset by expectations the U.S. Exxon Mobil shares fell 3.5 percent while Chevron was down 3.9 percent after reporting poor quarterly earnings due to weak oil prices. This definitely puts a lower probability on that, "said Stanley Sun, interest rate strategist at Nomura Securities...

  • NEW YORK— As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. For instance, Exxon Mobil said Friday it cut spending by $1.54 billion in the second quarter, while Chevron announced it is laying off 1,500 workers.

  • July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...

  • *Second-qtr wage growth slowest in 33 years. July 31- Wall Street rose in early afternoon trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Exxon Mobil shares fell 3.5 percent to $80.12 while Chevron was down 3.9 percent at $89.43 after quarterly profits slumped on falling oil prices.

  • July 31- The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64...

  • *Royal Caribbean, Expedia rise after results. July 31- Wall Street was set to open little changed on Friday following a spate of uninspiring corporate results including that of Exxon Mobil, and a drop in prices of crude oil and major industrial metals. Exxon Mobil and Chevron shares fell about 2 percent after quarterly profits fell sharply on falling oil prices.

  • July 31- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a lower-than-expected quarterly profit, hurt by the slump in crude prices. Imperial, majority owned by Exxon Mobil Corp, said on Friday that its capital expenditure fell about 41 percent to C $819 million in the second quarter. Excluding a C $320 million charge related to an...

  • Several, including Chevron and Exxon Mobil, have announced plans to trim their spending and cut back on drilling. Also Friday, Exxon Mobil Corp. said its profit dropped by half in the second quarter on sharply lower oil and gas prices around the world. The San Ramon, California, company reported second-quarter earnings of $571 million, or 30 cents per share,...

  • July 31- Exxon Mobil Corp reported lower-than-expected second-quarter results on Friday as tumbling crude prices halved profit at the world's largest publicly traded oil company. Profit at Exxon's exploration and production business fared even more poorly with a profit of $2 billion, down sharply from $7.9 billion a year earlier. Exxon, based in Irving,...

  • Exxon profit plunges 52% on low oil prices Friday, 31 Jul 2015 | 8:15 AM ET

    Exxon Mobil delivered quarterly earnings that fell short of analysts' expectations on Friday, hurt by lower oil prices.

  • Exxon profit falls by half but production rises Friday, 31 Jul 2015 | 8:12 AM ET

    NEW YORK— Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged. The company posted net income for the second quarter of $4.19 billion, down 52 percent from $8.78 billion in the second quarter of last year.

  • Imperial Oil's profit plunges 90 pct Friday, 31 Jul 2015 | 8:06 AM ET

    July 31- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a 90 percent fall in quarterly profit, hurt by the slump in crude prices and a tax-related charge. The company, majority owned by Exxon Mobil Corp, took a C $320 million charge in the second quarter due to an increase in Alberta's corporate tax rate. Imperial's net income fell to C...

  • *Oil prices fell after OPEC indicated there would be no output cuts despite a huge global oversupply, while copper was lower on lingering worries about demand in top consumer China. *Exxon Mobil, Royal Caribbean and Chevron are scheduled to report before the opening bell. *Data expected on Friday includes the University of Michigan's final July reading on the...

  • August may mean big things for markets and the Fed Friday, 31 Jul 2015 | 6:12 AM ET
    Trader on the floor of the New York Stock Exchange.

    Here comes the big month of August—and with it many of the remaining clues markets need to decide whether the Fed will actually raise rates in September.

  • NEW YORK— Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks. Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, fell roughly 5 percent each on Friday. Exxon shares fell $3.80, or 4.6 percent, to $79.21.

  • August may mean big things for markets and the Fed Thursday, 30 Jul 2015 | 7:22 PM ET
    Trader on the floor of the New York Stock Exchange.

    Here comes the big month of August—and with it many of the remaining clues markets need to decide whether the Fed will actually raise rates in September.

  • Looking for yield? Big oil wants you Thursday, 30 Jul 2015 | 1:57 PM ET
    A BP employee uses ultrasound to scan a section of pipe along an oil transit pipeline at Prudhoe Bay oil field on Alaska's North Slope.

    Oil majors trim everything but dividends