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Exxon Mobil Corp

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  • ABU DHABI/ SEOUL May 13- State-run Abu Dhabi National Oil Company has signed a 40- year deal with GS Energy, selling the South Korean firm a 3 percent stake in an onshore oil concession to develop the United Arab Emirates' biggest oilfields. GS Energy joins Japan's Inpex Corp and France's Total in winning contracts so far to develop the oilfields, which produce 1.6...

  • WASHINGTON, April 1- For a leader who has made fighting climate change a priority, President Barack Obama's decision to approve Royal Dutch Shell's return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. But Shell, which has already spent about $6 billion exploring the Arctic, expects to return to polar waters this...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed mildly lower, recovering from sharp morning losses as investors found some relief from a slight recovery in the bond market.

  • SINGAPORE, May 12- ExxonMobil has begun ramping up production at a new Indonesian oilfield, targeting peak output later this year of more than 200,000 barrels per day that will add to an already oversupplied crude market. Output from the Banyu Urip field, part of ExxonMobil's Cepu block in East Java, is crucial to Indonesia's long-term efforts to meet rising...

  • Cramer Remix: I'm making a bold call on China Monday, 11 May 2015 | 7:24 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer is eyeing the Far East.

  • Cramer: CRM? Yelp? Genius mergers, ready to pop Monday, 11 May 2015 | 6:11 PM ET
    Marc Benioff, chairman and chief executive officer of Salesforce.com Inc. (left), speaks with Tony Prophet, vice president of Windows marketing at Microsoft Corp.

    Jim Cramer wonders, if Actavis can make it work, why can't other acquisitions? He proposes a few worthwhile acquisitions ready to be scooped up.

  • May 11- New Jersey Governor Chris Christie on Monday vetoed legislation that would have directed more money from environmental legal settlements to be used to fund cleanups of pollution. "The protection and preservation of the ecological wonders of which New Jersey is so proud have always been critical considerations when weighing where New Jersey's...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed lower on Monday as investors eyed gains in bond yields and awaited the week's data releases.

  • *Oil prices fall after rising for eight straight weeks. May 11- U.S. stocks were broadly down in afternoon trading on Monday on worries about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices. "Even though the market closed up on Friday, more stocks were lower for the week and that points to weakness,"...

  • May 11- Wall Street was mixed in morning trading on Monday amid worries about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices. "Even though the market closed up on Friday, more stocks were lower for the week and that points to weakness," said Paul Nolte, portfolio manager at Kingsview Asset...

  • US STOCKS-Wall St mixed at open; energy shares fall Monday, 11 May 2015 | 10:27 AM ET

    *Rosetta soars as Noble Energy offers to buy company for $2 bln. *Zulily rises after Alibaba increases stake. Exxon Mobil shares fell 1.1 percent to $87.28.

  • *China imported 7.4 mln bpd in April, U.S. about 7.2 mln bpd. *China is already world's biggest energy, raw material importer. SINGAPORE, May 11- China overtook the United States as the world's top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil...

  • SAN FRANCISCO, May 8- A 52- day labor strike that led to a shutdown at Tesoro Corp's refinery in Martinez, California, helped boost the company's bottom line last quarter, the company's chief executive said on Friday, prompting cries that the state's gasoline market needs to be reformed. California wholesale gasoline prices rose at their quickest week-on-week...

  • Stocks close higher ahead of jobs report; yields eyed Thursday, 7 May 2015 | 4:00 PM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stocks closed higher on Thursday as investors awaited the key April jobs report and eyed easing in oil prices and bond yields.

  • Guyana says Exxon discovers oil in offshore block Thursday, 7 May 2015 | 1:23 PM ET

    GEORGETOWN, May 7- Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela. Guyana in 2013 said Venezuela's navy evicted a ship used by Texas- based Anadarko Petroleum Corp to explore for oil in the...

  • May 6- Exxon Mobil Corp said a breakdown related to an unspecified unit caused flaring at its 149,500- barrel-per-day refinery in Torrance, California, on Wednesday.

  • HOUSTON, May 6- Marathon Oil Corp, an independent exploration and production company, reported a first-quarter loss on Wednesday as tumbling oil prices sliced its revenue nearly in half. The first quarter adjusted net loss was $253 million, or $0.37 a diluted share. In terms of operations, Marathon said it had no liftings in Libya during the first quarter, and that "...

  • Traders work on the floor of the New York Stock Exchange (NYSE)

    U.S. stocks closed lower, reversing a positive open, as investors weighed higher yields and energy prices ahead of Friday's important jobs report.

  • Cramer: Don’t like oil rising every day—here’s why Wednesday, 6 May 2015 | 10:42 AM ET
    Gas pump gasoline prices Europe Belgium

    CNBC's Jim Cramer explains why he does not like oil prices rising every day.

  • California gasoline imports set to rise, experts say Tuesday, 5 May 2015 | 6:52 PM ET

    SAN FRANCISCO, May 5- Shipments of gasoline that meets California's strict environmental standards are expected to rise in the coming weeks thanks to the start of summer driving season and ongoing repairs at a key refinery, experts said on Tuesday. Those that do, like refineries in Louisiana and Texas, often find it too difficult and costly to send the gasoline to...