U.S. stocks closed lower amid a series of economic data that continued to show moderate growth ahead of Friday's key jobs report.» Read More
BP PLC fell$. 21 or. 5 percent, to $41.53. ConocoPhillips fell$. 53 or. 8 percent, to $64.25. Exxon Mobil Corp. fell$. 44 or. 5 percent, to $87.18.
ELIZABETH, N.J.— Democratic lawmakers and environmentalists are criticizing a proposed legal settlement between Republican New Jersey Gov. Chris Christie's administration and Exxon Mobil over oil and chemical contamination. Senate President Steve Sweeney and Sen.
BP PLC fell$. 34 or. 8 percent, to $41.41. ConocoPhillips fell$. 56 or. 9 percent, to $64.23. Exxon Mobil Corp. fell$. 24 or. 3 percent, to $87.38.
NEW YORK— Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. "People need to kinda settle in for a while," Tillerson said at the company's annual investor conference in New York. Meanwhile, weakening economic conditions in China, Japan and Europe slowed...
BP PLC fell$. 44 or 1.1 percent, to $41.30. ConocoPhillips fell$. 43 or. 7 percent, to $64.35. Exxon Mobil Corp. fell$. 01 or percent, to $87.61.
BP PLC rose$. 44 or 1.1 percent, to $41.74. ConocoPhillips rose$. 38 or. 6 percent, to $64.78. Exxon Mobil Corp. fell$. 42 or. 5 percent, to $87.62.
*Actavis launches $21 billion bond deal. *Exxon Mobil to sell $7 billion in debt. Pharmaceutical company Actavis Plc launched a $21 billion corporate bond deal, the second-largest on record, according to Thomson Reuters unit IFR.
Brandywine Global's Stephen Smith doesn't see a corporate bond bubble despite huge issuance and growing concern.
U.S. sovereign bond yields continued to rise on Tuesday, with yields on benchmark 10-year Treasurys up by around 1 percent.
*Actavis launches $21 bln bond deal. *Exxon Mobil to sell $7 bln in debt. Pharmaceutical company Actavis Plc launched a $21 billion corporate bond deal, the second-largest on record according to Thomson Reuters unit IFR.
March 3- Anadarko Petroleum Corp said it would reduce spending by about 33 percent this year, as the exploration and production company responds to lower crude oil prices. The company forecast capital investments in the range of $5.4 billion- $5.8 billion, excluding investments associated with its Western Gas Partners LP unit. Anadarko's cut follows similar...
BAKU, March 3- Azerbaijan is keeping a close eye on any sign of dissent as economic problems mount before a parliamentary election this year in the oil-producing former Soviet republic. Hit by the fall in global oil prices, the rouble's drop against the dollar in neighbouring Russia and the separatist war in east Ukraine, the South Caucasus country devalued the...
SAN FRANCISCO, March 2- Retail prices for regular gasoline in West Coast states rose a record 37.2 cents a gallon since last week to $3.12 a gallon on Monday, the U.S. Energy Information Administration said. California, which relies heavily on in-state production to meet its large demand for fuels, has seen its output hampered by an explosion and fire at Exxon Mobil...
BP PLC fell$. 14 or. 3 percent, to $41.30. ConocoPhillips fell$. 80 or 1.2 percent, to $64.40. Exxon Mobil Corp. fell$. 50 or. 6 percent, to $88.04.
BP PLC fell$. 14 or. 3 percent, to $41.30. ConocoPhillips fell$. 66 or 1.0 percent, to $64.55. Exxon Mobil Corp. fell$. 66 or. 7 percent, to $87.88.
Equity investors might want to check out a fund that hasn't made an original stock market bet in 80 years.
BP PLC fell$. 42 or 1.0 percent, to $41.02. ConocoPhillips fell $1.21 or 1.9 percent, to $63.99. Exxon Mobil Corp. fell $1.08 or 1.2 percent, to $87.46.
NEW YORK, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive officer, told CNBC on Monday that the company had sold its entire stake in Exxon Mobil Corp because it could use the money in both an acquisition and stock purchases. He said Exxon Mobil remains a "wonderful company" even though "its current earning power has been diminished...
Many hedge funds sold down or exited positions in eight of the 10 most commonly held stocks, including Apple, Google and Exxon.
OMAHA, Neb.— Investor Warren Buffett is praising both IBM and ExxonMobil even though the computing business has struggled and Berkshire Hathaway sold its 41 million shares in the oil producer. Buffett says he still likes IBM's prospects even though the company has been dealing with declining sales. He backed that up by increasing Berkshire's stake in IBM to...