President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
May 29 (Reuters) - Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the roles of the chief executive and board chairman at the largest publicly-traded oil producer.
Some shareholders had rallied behind that proposal after Exxon was allowed by the U.S. Securities and Exchange Commission to remove a climate change proposal from its proxy ballot, but it won just 41 percent of the vote at the company's annual meeting in Dallas, Texas, on Wednesday.
The proposal would not have taken effect under Chief Executive Darren Woods, but would have been phased in for future CEOs.
Shareholders also voted against proposals that would have made it easier for shareholders to call special meetings; urged the board to create a special committee on climate change; report the risks of climate change at its U.S. Gulf Coast chemical plants; and report its political contributions and lobbying.
Exxon under Woods has moved aggressively to launch major expansion programs to find and produce new reserves of oil and natural gas, as well as expand the companys refining and chemical footprint. It has projected shale production of 1 million barrels per day in the Permian Basin, the top U.S. shale field, as early as 2024. (Reporting by Jennifer Hiller Editing by Nick Zieminski)