Post Tagged with: "ExxonMobil (NYSE: XOM)"

Source: Reuters

ExxonMobil reports results for fourth quarter 2020 and provides perspective on forward plans

Oil and Gas 360


Fourth Quarter and Full-Year 2020 Results

 

  • Fourth quarter loss of $20.1 billion included unfavorable identified items of $20.2 billion, primarily non-cash impairments; earnings excluding identified items were $110 million, or $0.03 per share assuming dilution
Source:Reuters

J.P. Morgan turns positive as Exxon cuts win back Wall Street

Reuters


J.P. Morgan was the latest major U.S. investment bank to turn positive on Exxon Mobil on Wednesday, just months after its removal from the blue-chip Dow Jones Industrial Average capped a catastrophic year for America’s major oil producers.

The …

January 13, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
ExxonMobil to produce medical-grade sanitizer for COVID-19 response

ExxonMobil to produce medical-grade sanitizer for COVID-19 response

BIC


ExxonMobil said today it has reconfigured manufacturing operations in Louisiana to produce medical-grade hand sanitizer for donation to COVID-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania and Texas.

Initial production of 160,000 gallons of medical …

ExxonMobil reduces 2020 Capex by 30%, Cash Opex by 15%; maintains long-term outlook

ExxonMobil reduces 2020 Capex by 30%, Cash Opex by 15%; maintains long-term outlook

360 Feed Wire


IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG

Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:" “What happens?” Sheffield said. “As you know there's about 74 public independents, there’s

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG


Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:” “What happens?” Sheffield said. “As you know there’s about 74 public independents, there’s