Tag Archives: Exxon

[unable to retrieve full-text content]Exxon Plunges After Surprise Refining Outlays Hurt Returns  Yahoo Finance Source link

With Apple setting the tone, the stock market rose until Wednesday, buoyed by a series of fairly upbeat earnings reports. They included: Exxon Mobil’s disclosure that, thanks to soaring oil and gas prices, it had earned the most profit in seven years. The declaration by Starbucks that it had raised prices and would keep doing so. “We have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures including inflation,”… Source link

The New York Times The Caribbean Conundrum: United by Tourists, Divided by COVID On the glassy blue waters surrounding the U.S. Virgin Islands, catamarans and pleasure yachts have packed the shoreline for the past year — a scene so busy and crowded, it is unimaginable, even before the pandemic. Indeed, the business of charter yachts is booming, and expected to pump at least $88 million into the local economy this season, almost double the roughly $45 million that came in 2019, according to… Source link

Photo by: John Nacion/STAR MAX/IPx 2020 10/20/20 A view of an Exxon logo on a worker’s baseball cap at a Gas Station in Flushing, Borough of Queens, New York City on October 20, 2020. US President Trump invoked the company’s name at a rally in Arizona, saying all he had to do to raise funds was call Wall Street and oil executives. “We are committed to playing a leading role in greenhouse gas reductions consistent with the goals of the Paris agreement…” Thus spoke Exxon (XOM) CEO Darren… Source link

By Mike Spector (Reuters) – The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter. The discussions, which are no longer active, are indicative of the pressure the energy sector’s most dominant companies faced as the COVID-19 pandemic took hold and crude prices plunged. The talks between Exxon Chief… Source link