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Exxon Anticipates Earnings To Rise Two-Fold By 2027 As It Slashes Spending, Eliminates Assets
Tuesday, December 1, 2020 - 1:36am | 441Read More...Exxon Mobil Corporation (NYSE: XOM) is reassessing its outlook — by cutting costs and impairing assets — after the COVID-19 outbreak led to a cumulative loss of around $2.4 billion in the first three quarters of the year. In a statement on Monday, the Oil and Gas company...
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Exxon To Ax 1,600 Jobs Across Europe As Pandemic Forces Cost Cuts
Tuesday, October 6, 2020 - 12:21am | 410Read More...Texas-headquartered Oil and Gas company Exxon Mobil Corporation (NYSE: XOM) announced plans on Monday to cut jobs across its affiliates in Europe. The country-specific impact of the layoffs is still uncertain, and the decision would be based entirely on the company’s presence in the...
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Exxon Q3 Earnings Guidance Falls Well Below Analyst Estimates
Friday, October 2, 2020 - 2:26am | 356Read More...Exxon Mobil Corporation (NYSE: XOM), in a filing with the U.S. Securities and Exchange Commission on Thursday, disclosed that its third-quarter earnings could fall well below analyst estimates, primarily due to the pandemic effect. The company estimates earnings for the quarter to be...
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Exxon Mobil Gets Trial Win In Case Over Records On Cost Of Climate Change
Tuesday, December 10, 2019 - 5:03pm | 453Read More...Exxon Mobil Corporation (NYSE: XOM) got a win Tuesday in an important securities fraud lawsuit when a judge ruled the state of New York failed to prove the company tried to hide the cost of climate regulations from investors. New York State Supreme Court Justice Barry Ostrager found the plaintiffs...
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Exxon Mobil Down On Preview Of Weaker Q3, But Sell-Side Says Warning 'Relatively Benign'
Wednesday, October 2, 2019 - 1:37pm | 468Read More...An Exxon Mobil Corporation (NYSE: XOM) securities filing that previews disappointing profits in its upcoming third-quarter report thanks to lower oil and gas prices pushed the stock down on Wednesday. ExxonMobil’s 8-K filing gave a preliminary hint about third-quarter results, and said the...
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EQT Announces Common Stock Offering To Finance $407 Million Purchase Of Assets
Tuesday, May 3, 2016 - 10:12am | 226Read More...Shares of EQT Corporation (NYSE: EQT) were trading lower by 3 percent early Tuesday morning after the company announced a pricing of up-sized common stock offering to finance the purchase of certain assets from Statoil. EQT has agreed to acquire from Statoil ASA(ADR) (NYSE: STO) some of its...
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California Resources Gains 30% Following Better-Than-Expected Q4, Encouraging Outlook Commentary
Tuesday, March 1, 2016 - 12:10pm | 377Read More...Shares of California Resources Corp. (NYSE: CRC) surged higher by more than 30 percent Tuesday morning. California Resources reported that it lost $0.20 per share in the fourth quarter on revenue of $566 million. Wall Street analysts were expecting the company to lose $0.24 per share on revenue of...
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8 MLP Distribution Changes You Might've Missed
Tuesday, February 16, 2016 - 11:24am | 422Read More...MLP companies were very active over the past few weeks in making changes to their distributions to shareholders. Here is a roundup of eight companies that recently made changes to their cash distributions. Increase In Distribution Viper Energy Partners LP (NASDAQ: VNOM) announced on...
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Pioneer Natural Resources Earnings Preview
Sunday, February 5, 2012 - 5:33pm | 871Read More...Pioneer Natural Resources (NYSE: PXD) is scheduled to report fourth-quarter 2011 results February 6, after the markets close. The independent oil and gas exploration and production company has seen net income rise in three straight quarters, as well as revenue that has risen for two straight...
