ExxonMobil slashes LNG price to India in bad omen for producers

Long-term contracts are rarely revised in the LNG market, and for a big producer to cave in shows how supply from new plants in Australia and the United States over the past two years has transformed the market, analysts said.

Sep 11, 2017, 13:53 PM IST
Petronet set to buy extra 1 million tonnes Australian LNG from Exxon

Petronet set to buy extra 1 million tonnes Australian LNG from Exxon

The deal for additional volumes is yet to be signed.

Sep 11, 2017, 11:38 AM IST

ExxonMobil, Chevron told to allow investor climate votes

US regulators have told ExxonMobil and Chevron to permit shareholders to vote on resolutions requiring assessments of how climate change policies might affect them, according to documents released Thursday.

Mar 25, 2016, 02:04 AM IST

US stocks drop as oil equities tumble

US stocks dropped Monday with petroleum-linked equities retreating on a big drop in oil prices as Wall Street girds for a busy week of economic reports.

Aug 04, 2015, 01:59 AM IST

ExxonMobil to set up business suppport centre in B'luru

Karnataka government Thursday said ExxonMobil, a US-based international oil and gas company, will be establishing a new Business Support Center in the city later this year to provide a range of technical and business support services for the company, globally.

May 28, 2015, 22:56 PM IST

ExxonMobil earnings fall on lower oil prices

ExxonMobil earnings fell sharply in the first quarter as the big drop in oil prices crimped the petroleum giant`s exploration and production results, the company said Thursday.

Apr 30, 2015, 18:26 PM IST

Dow, S&P 500 fall; Nasdaq up back near 5,000

The Dow and S&P 500 Thursday gave back some of their gains from the prior session, while the Nasdaq edged up closer to 5,000.

Mar 20, 2015, 10:53 AM IST

ExxonMobil cuts capital spending on falling oil prices

US oil giant ExxonMobil said Wednesday it would reduce investment spending by nearly 12 percent this year in response to lower crude-oil prices.

Mar 04, 2015, 21:22 PM IST

ExxonMobil says Russia sanctions cost it $1 bn

US energy giant ExxonMobil said Thursday that US and European Union sanctions against Russia had cost it $1 billion last year.

Feb 26, 2015, 22:35 PM IST
ExxonMobil profits drop as oil and gas output falls

ExxonMobil profits drop as oil and gas output falls

ExxonMobil Monday reported a fall in quarterly earnings on lower oil and gas production and a weak US refining performance.

Feb 02, 2015, 19:25 PM IST

Venezuela fined $1.6 bn for taking ExxonMobil assets

A World Bank arbitration panel Thursday ruled that the Venezuelan government must pay ExxonMobil $1.6 billion to compensate for taking control of the US firm`s heavy-oil project in the country.

Oct 10, 2014, 10:42 AM IST

Rosneft says Arctic well drilled with Exxon struck oil

Russia`s state-owned Rosneft said Saturday it had found oil in the Kara Sea off the north coast of Siberia in a joint drilling project with US oil giant ExxonMobil.

Sep 27, 2014, 13:38 PM IST

ExxonMobil pumps $1bn to Europe

The US energy giant said it intends to instal a new unit at the site which will convert heavy crude into diesel and marine fuel.

Jul 02, 2014, 15:04 PM IST

ExxonMobil finds promising shale oil deposit in Argentina

ExxonMobil said Wednesday it has found a promising shale oil deposit in southern Argentina, on par with some of the best of its kind in the United States.

May 22, 2014, 10:34 AM IST

Shell ends talks with Ukraine on Black Sea gas

Anglo-Dutch oil giant Shell said Wednesday it has ended talks with Ukraine and US group ExxonMobil on extracting natural gas in the Black Sea off the coast of crisis-hit Crimea.

Mar 19, 2014, 22:41 PM IST

Google's Market Cap surges over $400 bn for first time

Google's stock reportedly plummeted to an all-time high of 1,191 dollars, following which its market cap hit 400 billion dollars for the first time in its history.

Feb 12, 2014, 19:05 PM IST

Google becomes number two in market value

Google overtook US oil giant ExxonMobil on Monday to become the world`s number two company when rated by market value, behind its high-tech rival Apple.

Feb 11, 2014, 09:57 AM IST

Study unmasks forces behind climate change denial effort

A new study has exposed the organizational underpinnings and funding behind the "powerful" climate change countermovement.

Jan 01, 2014, 11:35 AM IST

Exxon to sell Hong Kong power company stake

The largest US oil company reported an 18 percent decline in third quarter profits last month due to weaker refining earnings.

Nov 19, 2013, 18:02 PM IST

Sonar mapping for oil killed Madagascar whales: Study

A noisy technology that blasts high-frequency sounds below water to map the ocean for oil probably caused the deaths of 75 melon-headed whales off Madagascar, experts have said.

Sep 27, 2013, 14:34 PM IST