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  • July 21- ExxonMobil Corp said on Thursday it would buy InterOil Corp for more than $2.5 billion in stock, adding a gas field to expand its exports from Papua New Guinea. "InterOil's resources will enhance ExxonMobil's already successful business in Papua New Guinea and bolster the company's strong position in liquefied natural gas," Chief Executive Rex...

  • LONDON, July 1- U.S. oil major Exxon Mobil and Britain's BP are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called "the contract of the century," three high-level industry sources told Reuters. The result is deadlock in talks over a project that may produce another $100 billion worth of oil at current prices,...

  • Bosses of firms such as BP and Exxon Mobil also got plenty of lecturing from their hosts about uncertainties surrounding the U.S. presidential election and an economic overhaul in Saudi Arabia, while CEOs carefully avoided mentioning sanctions still in place on Moscow over the crisis in Ukraine. But a generally thin deal pipeline contrasted with the...

  • *Paris climate accord has increased pressure on oil companies. DALLAS/ SAN RAMON, Calif., May 25- Voters at Exxon Mobil Corp's annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could eventually become a director at the world's largest publicly traded oil company.

  • HOUSTON, April 29- Exxon Mobil Corp, the world's largest publicly traded oil producer, reported a higher-than-expected first-quarter profit on Friday as it slashed costs to offset plunging crude prices and weak refining margins. Exxon reported net income of $1.81 billion, or 43 cents per share, down from $4.94 billion, or $1.17 per share, a year earlier.

  • HOUSTON/ NEW YORK, March 23- The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks. Though the endowment has a modest $130 million in total assets, the move is notable...

  • HOUSTON, March 23- The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil, chiding the oil giant for allegedly misleading the public about climate change risks. In a letter posted on its website, the Rockefeller Family Fund said Exxon's conduct on climate issues appears to be "...

  • BOSTON/ NEW YORK, March 23- More cash, lower targets and bigger share awards- not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Oilfield services company Schlumberger NV, for example, used lower earnings targets for the second half of 2015, which helped its CEO Paal Kibsgaard receive total pay of $18.3 million, only...

  • Exxon's Tillerson: We're built for long-term investors

    Rex Tillerson, ExxonMobil CEO sits down with "Squawk Box's" Becky Quick to talk about his vision for the company, including raising the dividend and offering a $12 billion bond issue.

  • NEW YORK, March 2- Exxon Mobil Corp said on Wednesday it would continue to cut spending as long as crude prices remain low, but the world's largest publicly traded oil company added it may look at potential acquisitions in a bid to offset a dip in production. "We have the financial flexibility to pursue attractive opportunities and can adjust our investment...

  • NEW YORK, March 2- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Wednesday its output would rise slowly through 2017 as it continues cutting costs. But Chief Executive Rex Tillerson said the company, which raised $12 billion in the debt market earlier this week, could increase its spending if the right opportunities arose.

  • Shares of Exxon, the world's largest publicly traded oil company, fell 2.2 percent in premarket trading to $74.59, hit by a more than 4 percent slide in the price of crude oil. "While our financial results reflect the challenging environment, we remain focused on the business fundamentals, including project execution and effective cost management," Rex Tillerson,...

  • Crude oil prices have dropped about 70 percent from the 2014 high over $100 barrel. "While our financial results reflect the challenging environment, we remain focused on the business fundamentals, including project execution and effective cost management," Rex Tillerson, the chairman and chief executive officer, said in a statement. The Irving, Texas company...

  • Exxon could make a deal soon, and targets for oil majors range from U.S. shale producers to distressed mining and resources firms, analysts tell CNBC.

  • oil crude gas

    Several big oil companies are expected to pay more in dividends than they will earn in 2015. Can the stocks really maintain these fat yields?

  • Oil fracking

    There's a new term used around the oil patch these days. You better learn it if you're going to catch the bottom in oil.

  • Exxon CEO on Buffett selling $4B in XOM stock

    ExxonMobil CEO Rex Tillerson shares his thoughts on Warren Buffett's decision to sell Exxon shares and what it means for the stock.

  • Oil's supply and demand dilemma

    ExxonMobil CEO Rex Tillerson, discusses how the oil glut is impacting energy prices and creating storage problems.

  • XON's global risk factor

    ExxonMobil CEO Rex Tillerson explains how U.S. and E.U. sanctions on Russia have cost the oil giant up to a billion dollars and where risk may not always lead to reward.

  • Rex Tillerson, CEO and chairman of Exxon Mobil.

    Expect more volatility in oil, with prices staying around current levels, Exxon Mobil CEO Rex Tillerson told CNBC.