Exxon Mobil Corp


  • 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...

  • Final Glance: Oil companies Monday, 2 Mar 2015 | 6:08 PM ET

    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.

  • Midday Glance: Oil companies Monday, 2 Mar 2015 | 1:17 PM ET

    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.

  • Early Glance: Oil companies Monday, 2 Mar 2015 | 11:16 AM ET

    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...

  • 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...

  • OMAHA, Neb.— Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84- year-old Buffett over the weekend because he singled out two candidates in his own...

  • Bells toll for Europe's largest gas field Sunday, 1 Mar 2015 | 12:00 PM ET

    WESTERWIJTWERD, Netherlands, March 1- Dutch church bells that for centuries have tolled to warn of floods across the low-lying countryside are sounding the alarm for a new threat: earthquakes linked to Europe's largest natural gas field. Lessons from Groningen, which lies far from any natural fault line, feed into a debate over the threat posed by hydraulic...

  • Final Glance: Oil companies Friday, 27 Feb 2015 | 6:02 PM ET

    BP PLC rose$. 08 or. 2 percent, to $41.44. ConocoPhillips fell$. 65 or 1.0 percent, to $65.20. Exxon Mobil Corp. fell$. 11 or. 1 percent, to $88.54.

  • Gas prices soar in California as supply shrinks Friday, 27 Feb 2015 | 4:34 PM ET

    LONG BEACH, Calif.— Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest. The situation underscores the frustrating complexity of the gasoline market in California, where state environmental regulations...

  • The 5 best ideas on Wall Street this week Friday, 27 Feb 2015 | 1:53 PM ET
    Traders work on the floor of the New York Stock Exchange.

    CNBC Pro highlights the five best strategy notes that came across our desk on the week.

  • Midday Glance: Oil companies Friday, 27 Feb 2015 | 1:26 PM ET

    BP PLC rose$. 24 or. 6 percent, to $41.60. ConocoPhillips fell$. 39 or. 6 percent, to $65.46. Exxon Mobil Corp. rose$. 53 or. 6 percent, to $89.18.

  • Apple vs. Exxon: What's the better buy? Friday, 27 Feb 2015 | 1:08 PM ET

    If you could pick one stock, Apple or Exxon, which would it be? Scott Fearon, author of "Dead Companies Walking" has a pick that might surprise you.

  • Early Glance: Oil companies Friday, 27 Feb 2015 | 11:10 AM ET

    BP PLC rose$. 22 or. 5 percent, to $41.58. ConocoPhillips fell$. 09 or. 1 percent, to $65.76. Exxon Mobil Corp. rose$. 12 or. 1 percent, to $88.77.

  • Hmm...Exxon, Jersey reach deal in 11-year case Friday, 27 Feb 2015 | 7:29 AM ET
    Governor Chris Christie

    Exxon Mobil and New Jersey reached a settlement of about $250 million in an environmental suit seeking $8.9 billion in damages. The NYT reports.

  • The Voya Corporate Leaders Trust Fund, now run by a unit of Voya Financial Inc bought equal amounts of stock in 30 major U.S. corporations in 1935 and hasn't picked a new stock since. Some of its holdings are unchanged, including DuPont, General Electric, Procter& Gamble and Union Pacific. Others were spun off from or acquired from original components, including...

  • LAUNCESTON, Australia, Feb 27- The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny. The Chinese authorities are mulling joining China National Petroleum Corp, the parent of PetroChina, and China Petrochemical Corp, the...

  • Feb 26- SandRidge Energy Inc said it would reduce spending by 56 percent this year and slash its rig count, as the oil and natural gas producer responds to a slump in crude prices. Oil companies such as Chevron Corp, ConocoPhillips and Apache Corp have forecast lower spending in 2015.. SandRidge's net income rose to $314.1 million, or 48 cents per share, in the fourth...

  • Final Glance: Oil companies Thursday, 26 Feb 2015 | 6:02 PM ET

    BP PLC fell$. 55 or 1.3 percent, to $41.36. ConocoPhillips fell $1.68 or 2.5 percent, to $65.85. Exxon Mobil Corp. fell$. 95 or 1.1 percent, to $88.65.

  • How the Dow Jones industrial average fared on Thursday Thursday, 26 Feb 2015 | 5:03 PM ET

    U.S. stocks ended mostly lower on Thursday, tipping the Dow Jones Industrial average and Standard& Poor's 500 index slightly below their recent all-time highs. Energy stocks fell more than the rest of the market as the price of oil plunged again. Chevron and Exxon Mobil were among the biggest decliners in the Dow.