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ExxonMobil Corp

Wall Street dips as investors eye inflation clues

Wall Street dips as investors eye inflation clues

Published 26 May, 2021 12:58am
  • Yields on longer-dated U.S. Treasuries fell for a fourth straight day, with the benchmark 10-year yield hitting a fresh two-week low of 1.564pc and helping to ease inflation worries.
Exxon proposes splitting contracts for workers at a Texas refinery

Exxon proposes splitting contracts for workers at a Texas refinery

Published 17 May, 2021 08:28pm
  • Exxon locked out 650 workers represented by the United Steelworkers union (USW) from the facility on May 1 in a dispute over a new contract. The sprawling 2,700 acre complex, which makes fuel and lubricants, continues to operate with managers and temporary workers.
ConocoPhillips profit tops as travel demand boosts oil prices

ConocoPhillips profit tops as travel demand boosts oil prices

Published 04 May, 2021 05:25pm
  • Conoco said its total average realized price was $45.36 per barrel of oil equivalent in the quarter, much higher than the $33.21 it earned in the last three months of 2020.
  • The company also outlined a plan to cut its gross debt by $5 billion over the next five years and its intention to exit its 10% stake in Canadian producer Cenovus Energy Inc by the fourth quarter of 2022.
Exxon rejects contract offer from Texas refinery union

Exxon rejects contract offer from Texas refinery union

Published 30 Apr, 2021 06:08pm
  • Workers could be locked out of the plant Saturday morning and replacement crews put in their place if USW members have not voted on the company's latest offer, the people familiar with the talks have said.
  • Staff representatives of the USW met with Beaumont refinery officials earlier in the day Thursday but did not pass along an offer, according to the people.
Exxon Baytown, Texas, refinery restarts hydrotreater

Exxon Baytown, Texas, refinery restarts hydrotreater

Published 05 Apr, 2021 07:45pm
  • The 55,000-bpd gas oil hydrotreater was shut on Jan. 11 as part of an overhaul of the large gasoline-producing fludic catalytic cracker (FCC) at the Baytown refinery, the sources said. The FCC restarted on Thursday after being shut for 11 weeks.
Activist investor urges Exxon shareholders to vote against 4 directors

Activist investor urges Exxon shareholders to vote against 4 directors

Updated 15 Mar, 2021 09:26pm
  • Engine No. 1, which counts pension fund California State Teachers' Retirement System (CalSTRS) among its top supporters, said it is asking shareholders to vote against the re-election of Exxon directors Steven Kandarian, Douglas Oberhelman, Samuel Palmisano and Wan Zulkiflee.
Exxon and Macquarie in $11.7mn US lawsuit over gas contract

Exxon and Macquarie in $11.7mn US lawsuit over gas contract

Updated 04 Mar, 2021 09:52pm
  • Exxon is asking the Texas court to rule that the massive storm, caused when an arctic air mass swept the central United States, was a natural disaster.
  • US gas demand and prices soared last month when freezing temperatures hit as far south as Texas, where 4.3 million homes lost power.
Exxon adds activist Jeff Ubben, ex-Comcast CFO to board

Exxon adds activist Jeff Ubben, ex-Comcast CFO to board

Published 01 Mar, 2021 08:37pm
  • Exxon's shares, which have lagged closest rival Chevron Corp by a long margin in the last five years, rose 4% in premarket trading to $56.55.
  • After Ubben and Angelakis' appointment, Exxon said its board now has 13 directors, 12 of whom are independent.
Exxon to close Australian refinery

Exxon to close Australian refinery

Published 10 Feb, 2021 12:49pm
  • Taylor said the closure of Exxon's refinery would not negatively impact Australian fuel stockholdings. The Altona plant employs around 300 people.
Exxon, Chevron CEOs discussed merger in early 2020

Exxon, Chevron CEOs discussed merger in early 2020

Published 01 Feb, 2021 01:38pm
  • Yet they also felt the pain. Demand for oil evaporated in early 2020 as governments imposed travel restrictions and stay-at-home orders to slow the COVID-19 pandemic's spread.
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