Search Results for: Exxon
Energy groups left bruised as falling oil prices bite into profits
October 29th, 2014
Tumbling oil prices have hit the earnings of two big London-listed energy companies, in one of the first tangible signs of how the oil supply glut is reverberating across the global economy. FTSE 100 oil and gas producers BP ...
How Wall Street Is Killing Big Oil
October 22nd, 2014
Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005, liked to tell Wall Street analysts that covering the company would be boring. “You’ll just have to live with outstanding, consistent financial and operating performance,” he ...
Another Western Energy Company Ends Russian Cooperation
September 25th, 2014
ExxonMobil Corp. was the first Western company to bow to Western sanctions against Moscow and suspend offshore Arctic drilling for Rosneft, the Kremlin-owned oil giant. Now another large Western energy company, France’s Total, is ending its effort with Russia’s ...
Oil Production 2014
September 17th, 2014
The world’s oil supply has shrunk considerably over the last few decades. Countries, mostly in the Middle East, with what seemed like a never-ending amount of oil, have begun limiting their exports. Some oil fields, such as the ones ...
Russian Oil Exploration Could Be Next on West’s Hit List
September 11th, 2014
The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world’s largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said. The planned sanctions over Russia’s ...
10 ‘poorest’ companies make investors rich
September 10th, 2014
Investors love to think companies with piles of cash must surely make them rich, too. But this year, it’s the companies with the least moolah that are making the most cash for investors. The 10 companies in the Standard ...
Shell CEO says U.S. should export oil to stabilize global markets
September 3rd, 2014
U.S. policymakers should gradually lift the country’s decades-old ban on crude oil exports because allowing the shipments would make the global energy system and fuel prices more stable, the head of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. ...
Rosneft gains relief from sanctions
August 28th, 2014
Rosneft, Russia’s largest oil company, has received a new loan from Promsvyazbank to help it weather U.S. and European Union sanctions, and may yet get financial help from the Kremlin. Yet, the assistance doesn’t add up to the amount ...
Kinder Morgan companies to combine into a $71B move
August 11th, 2014
Kinder Morgan, oil and gas pipeline and storage companies, announced its plans of combining Kinder Morgan Inc., Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners will all combine under the Kinder Morgan Inc. umbrella and ...
S&P 500 index reports worst downfall since April; indexes down for July
August 1st, 2014
The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. Data ...
