By Clark Mindock May 10 (Reuters) – A Pennsylvania jury ordered ExxonMobil to pay $725.5 million to a former mechanic who claimed toxic chemicals in the company’s gasoline and solvents caused his cancer, according to attorneys for the plaintiff. The 10-2 verdict came on Thursday, attorneys said, after a trial in a state court in […]
Exxon vs. Chevron – The Battle Of The Dividend Giants Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX), two of the largest oil companies in the U.S., are currently taking the global oil sector by storm. They are […]
(Bloomberg) — Exxon Mobil Corp. plans to establish a single North American research and technology hub at its Houston headquarters, resulting in the closure of campuses in Clinton, New Jersey, and Sarnia in Ontario. Most Read from Bloomberg The closures will affect about 700 employees, with the majority being offered roles in Houston, said Exxon […]
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil will take 18 to 24 months to achieve its full production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, the company’s top shale executive said on Friday. Exxon this week closed all-stock acquisition after agreeing to an antitrust consent order that barred […]
(Bloomberg) — The US Federal Trade Commission declined to challenge Exxon Mobil Corp.’s $60 billion purchase of Pioneer Natural Resources Co. but asserted that Scott Sheffield, Pioneer’s co-founder, must not take a seat on the supermajor’s board. Most Read from Bloomberg The decision, announced Thursday in a filing, will ease concern the Biden administration will […]
ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) have a growing rivalry. While they will work together on notable large projects, they’re still competitors who look out for their shareholders’ interests. They’re currently engaged in a court battle over Chevron’s proposed acquisition of Hess, one of Exxon’s partners in Guyana. They also routinely benchmark their metrics […]
(Bloomberg) — If you want to understand why the two largest US oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re extracting from the two hottest oil fields on the planet. Most Read from Bloomberg Exxon Mobil Corp. and Chevron Corp., […]
(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin. Most Read from Bloomberg Exxon dropped as much as 3.2% in pre-market trading and Chevron was down 1.5% on Friday even as crude prices rose. Exxon posted […]
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil […]
HOUSTON, April 26 (Reuters) – Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer […]
While energy stocks outperformed other sectors last quarter, Wall Street anticipates lower annualized profits from giants like Chevron (CVX) and ExxonMobil (XOM) when they report quarterly results this Friday — in part due to falling natural gas prices and lower refining margins during the first three months of the year. Investors will also be looking […]
By Valerie Volcovici WASHINGTON (Reuters) – California will conclude a two-year investigation into Exxon and the fossil fuel industry’s role in causing global plastic pollution by summer and decide if it will file a lawsuit against oil giant, its attorney general told Reuters on Monday. The state launched its investigation into the oil and petrochemical […]