Favorable oil price is a boon for ExxonMobil's (XOM) upstream operations.
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ExxonMobil (XOM, Financial) has announced through a regulatory filing that its third-quarter earnings from oil and gas production, also known as upstream earnings, are expected to decrease by $600 million to $1 billion due to fluctuations in oil prices. The energy giant's earnings are highly sensitive to changes in oil prices.
Surging back toward its 52-week highs, Exxon Mobil's (XOM) stock is starting to turn heads after a recent spike in crude oil prices.
Exxon Mobil signaled in a regulatory filing on Thursday that changes in oil prices would reduce the energy major's third-quarter upstream earnings by $600 million to $1 billion.
Energy major Exxon Mobil can move ahead with a plan to cut jobs at its Port Jerome refinery in northern France after obtaining a majority agreement this week with unions, a company spokesperson said on Thursday.
Today's Big 3 focuses on vehicle, equipment and energy suppliers. Scott Nations joins Rick Ducat and Nicole Petallides to break down the technical trends of Deere & Co. (DE), Exxon Mobil (XOM), and Tesla (TSLA).
Nigeria is set to approve XOM's $1.28B sale of its onshore assets to Seplat Energy, a move signaling the country's push for more foreign investments in the oil sector.
The S&P 500 finished the third quarter of 2024 with a gain of 5.5%, with all three major U.S. indices recording quarterly advances, though the Nasdaq lagged behind.
Exxon Mobil Corp's deal to sell its Nigerian onshore assets to Seplat Energy will be approved in days after getting clearance from the regulator, President Bola Tinubu said on Tuesday.
Exxon Mobil (XOM) reachead $117.22 at the closing of the latest trading day, reflecting a +1.21% change compared to its last close.