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HomeExxonMobil

ExxonMobil

Crude Oil News

Energy News Beat 1/15/2021

January 15, 2021 Mariel Alumit

Buy the rumor, sell the news as markets fall flat with Biden proposed $1.9 trillion stimulus. The Dow Jones Industrial Average traded 89 points lower, or 0.3%. The S&P 500 dipped 0.4%, and the Nasdaq […]

Exxon - EnergyNewsBeat
Crude Oil News

Exxon Mobil under SEC investigation over Permian Basin Asset Valuation

January 15, 2021 Mariel Alumit

The Securities and Exchange Commission launched an investigation of Exxon Mobil Corp. XOM 3.90% after an employee filed a whistleblower complaint last fall alleging that the energy giant overvalued one of its most important oil and gas properties, according to […]

Finance

Exxon Mobil (NYSE:XOM) Rating Increased to Overweight at Morgan Stanley

January 11, 2021 Stu Turley

Exxon Mobil (NYSE:XOM) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Briefing.com reports. The brokerage presently has a $57.00 price objective on the oil and […]

Exxon - EnergyNewsBeat
Crude Oil News

Exxon signals up to $20 bln writedown to overwhelm 4th-qtr gains in oil, chemicals

December 31, 2020 Stu Turley

Exxon Mobil Corp. signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion […]

Crude Oil News

ExxonMobil’s South America Bonanza Grows With New Suriname Discovery

December 15, 2020 Stu Turley

After announcing discovery after discovery from its massive Stabroek Block offshore the tiny South American nation of Guyana over the past three years, ExxonMobil XOM +0.6% announced on Friday that it has struck South American oil and gas […]

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