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ExxonMobil Corp

VLSFO margin logs weekly gain; steady regional tenders cap upside

SINGAPORE: Asia’s refining margin for very-low sulphur fuel oil (VLSFO) climbed more than 20% on Friday versus the...

Published 30 Apr, 2023 05:10am

Markets

Exxon says its decarbonisation business could outgrow oil, in multi-trillion market

HOUSTON: Exxon Mobil Corp’s Low Carbon business has the potential to generate hundreds of billions of dollars in...

Published 10 Apr, 2023 06:45am

Business & Finance

Exxon faces $2 bln loss on sale of troubled California oil properties

HOUSTON: Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California...

Published 06 Nov, 2022 09:53pm

Business & Finance

Saudi Aramco profit soars on higher prices and refining margins

DUBAI: State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in...

Published 15 Aug, 2022 05:41am

Markets

Conoco posts a 5-fold profit leap, raises shareholder returns

HOUSTON: US oil producer ConocoPhillips on Thursday reported a five-fold increase in profit from a year-ago that...

Published 06 May, 2022 05:03am

Exxon looks to buy stake in ONGC's Indian deep sea fields

NEW DELHI: Global oil major ExxonMobil Corp is looking at buying a stake in some of the local deep water fields of...

Published 23 Oct, 2021 03:22am

Markets

Tuesday’s early trade: Main indexes slip

NEW YORK: Wall Street’s main indexes slipped in choppy trading on Tuesday, as investors cautiously awaited crucial...

Published 26 May, 2021 03:45am

Markets

Wall Street dips as investors eye inflation clues

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.

Published 26 May, 2021 12:58am

Business & Finance

Exxon proposes splitting contracts for workers at a Texas refinery

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.

Published 17 May, 2021 08:28pm

Business & Finance

ConocoPhillips profit tops as travel demand boosts oil prices

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.

Published 04 May, 2021 05:25pm

Business & Finance

Exxon rejects contract offer from Texas refinery union

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.

Published 30 Apr, 2021 06:08pm

Markets

Exxon Baton Rouge, Louisiana, refinery restarting CDU, shuts FCC

The 90,000-bpd PSLA-7 CDU was shut on March 27 for a planned cleaning of carbon deposits, the sources said.

Published 09 Apr, 2021 11:31am

Business & Finance

Exxon Baytown, Texas, refinery restarts hydrotreater

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.

Published 05 Apr, 2021 07:45pm

Business & Finance

Activist investor urges Exxon shareholders to vote against 4 directors

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.

Updated 15 Mar, 2021 09:26pm

Business & Finance

Australian oil industry looks to cut costs on offshore decommissioning

Companies could save A$2 billion by not having to transport materials to other countries, he said.

Updated 10 Mar, 2021 02:06pm

Business & Finance

Exxon Baytown, Texas, refinery begins restarting its largest CDU

The three CDUs at the Baytown refinery break down crude oil into hydrocarbon feedstocks for all other production units.

Published 08 Mar, 2021 09:43am

Business & Finance

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

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.

Updated 04 Mar, 2021 09:52pm

Business & Finance

Exxon to cut 7% of Singapore workforce amid 'unprecedented market conditions'

The city-state will remain a strategic location for the company, it said.

Published 03 Mar, 2021 10:32am

Business & Finance

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

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.

Published 01 Mar, 2021 08:37pm

Markets

Exxon restarts gasoline, diesel units at oil refinery in Beaumont, Texas

Exxon did not reply to a request for comment on Sunday.

Published 01 Mar, 2021 01:05pm

Business & Finance

ExxonMobil to sell some UK, North Sea assets to HitecVision for over $1bn

Exxon has been looking to sell its oil and gas assets since late 2019, seeking to free up cash to focus on a handful of mega-projects.
Exxon's share of production from these fields was about 38,000 barrels of oil equivalent per day in 2019, the company said.

Published 24 Feb, 2021 06:38pm

Markets

Exxon kicks off restart of refinery in Beaumont, Texas

Exxon posted an online notice to nearby residents that the refinery was starting up after a shut-down driven by severe cold weather and the curtailment of natural gas supply.

Published 22 Feb, 2021 12:41pm

Business & Finance

Exxon shuts Baytown, Texas, refinery due to weather

The Baytown refinery is Exxon's largest in the United States.

Published 16 Feb, 2021 12:31pm

Markets

Exxon to close Australian refinery

Taylor said the closure of Exxon's refinery would not negatively impact Australian fuel stockholdings. The Altona plant employs around 300 people.

Published 10 Feb, 2021 12:49pm

Markets

Exxon creates unit to commercialize carbon-reduction technology

The move comes as Exxon looks to burnish its environmental credentials as it engages in a proxy fight with hedge fund Engine.

Published 02 Feb, 2021 11:25am

Business & Finance

Exxon, Chevron CEOs discussed merger in early 2020

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.

Published 01 Feb, 2021 01:38pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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