An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday.
The stock market has sold off sharply this year, with the S&P 500 (^GSPC 1.81%) recently down about 10% since 2025 began. While stock market sell-offs can be tough to stomach, there is a silver lining to downturns.
The U.S. Federal Trade Commission said on Friday that it was seeking public comment on a petition filed by the former CEO of Pioneer Natural Resources asking the commission to set aside an order involving Exxon Mobil Corp's acquisition of Pioneer.
Investors have been waiting for energy stocks to find their sweet spot. And the same can be said for oil and gas companies when it comes to the price of oil.
Der Tankstellenbetreiber Esso, ein Tochterunternehmen des Ölkonzerns ExxonMobil US30231G1022, darf in Niedersachsen auf weiteren zehn Gebieten nach Lithium suchen.
ExxonMobil and NextEra Energy serve the U.S. energy market but diverge in strategy; Exxon focuses on fossil fuels, while NextEra leads in renewables. ExxonMobil's integrated model and low-cost operations offer resilience amid tariff tensions and falling oil prices, making it a near-term value play. NextEra's growth in renewables and steady cash flow from Florida Power & Light are appealing, but...
On Monday, oil prices fell sharply once again, with Brent crude dropping as low as $62.51 per barrel and West Texas Intermediate (WTI) falling to $58.95 before settling slightly higher by the end of the day.
The S&P 500 may have logged its worst quarter since 2022 in the first three months of 2025 with its 4.6% drop, but shares of ExxonMobil (XOM 0.73%) defied the odds and returned 10.6% in Q1 this year, according to data provided by S&P Global Market Intelligence.
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