Iran is going to grow more desperate as oil money dries up, which makes the country even more dangerous. Some under-the-radar energy stocks Goldman Sachs loves.
ExxonMobil stock rises after the energy giant says higher refining margins added $4.5 billion to its third-quarter earnings even as changes in oil prices take a toll on its upstream segment.
US oil and gas major ExxonMobil warned in a regulatory filing on Friday that changes in oil prices would lower its third-quarter upstream earnings by $1.3 billion. The industry bellwether had posted $7.9 billion in upstream earnings for the second quarter and a net profit of $7.5 billion in the third quarter last year.
State Street Investment Management launched four sector ETFs on Wednesday, built to give each sector's largest companies their full weight. Key Takeaways: XLKM aims to give Nvidia 20.93%, compared with 15.41% in its Select Sector counterpart, XLK.
HOUSTON--(BUSINESS WIRE)--Port Houston will honor ExxonMobil with the 4th Annual Lone Star Award during the Houston International Maritime Conference (HIMC), taking place November 2–5 at the Hilton Americas in downtown Houston. The award recognizes ExxonMobil's exceptional partnership with Port Houston and its longstanding role in the energy industry that is integral to the Houston Ship Channel...
ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said.
Attacks on a major Saudi airport and oil tankers in Hormuz revived supply fears and lifted oil prices. Exxon, Chevron and other oil majors are in buy areas.
ExxonMobil blocked a proposal for partners in the Kashagan oil field in Kazakhstan to make a settlement with the country's government over a disputed $5 billion environmental fine, Bloomberg News reported on Friday, citing people familiar with the matter.
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