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Exxon Mobil Corp.

  • Jul. 21, 2017 at 4:56 a.m. ET
  • by Samuel Rubenfeld

Exxon Mobil was fined $2 million by the Treasury Department for violating Ukraine-related sanctions – when the company s CEO was Rex Tillerson, now the U.S. secretary of state. The Office of Foreign Assets Control said the presidents of its U.S. subsidaries signed legal contracts with Igor Sechin, the president of Rosneft. Exxon says the fine was fundamentally unfair and that it followed the clear guidance from the White House and Treasury Department because the activity related to Rosneft s business and not Sechin s personal business. (Updates to include Exxon s reaction.)

  • Jul. 20, 2017 at 10:56 a.m. ET
  • by Steve Goldstein

Exxon shares steady after Treasury fine, up 0.4% in early trade

Exxon shares steady after Treasury fine, up 0.4% in early trade

  • Jul. 20, 2017 at 10:25 a.m. ET
  • by Mark DeCambre
  • Jul. 12, 2017 at 4:28 p.m. ET
  • by Sara Sjolin

U.S. stocks opened higher on Wednesday, after Federal Reserve Chairwoman Janet Yellen, in prepared congressional testimony, said interest rate increases would be gradual and that they wouldn t need to rise much further. The Dow Jones Industrial Average rose 82 points, or 0.4%, to 21,497. The S P 500 added 10 points to 2,436, a gain of 0.4%. The Nasdaq Composite Index rose 46 points to 6,240, a rise of 0.8%. Stocks have been supported by low rates over the past several years, and abrupt changes to that environment could lead to volatility in equities. Also boosting stocks was the energy sector, which gained alongside a 2% jump in the price of crude oil. Among the biggest gainers, Chesapeake Energy Corp. added 1.7% while Exxon Mobil Corp. was up 0.8%.

  • Jul. 12, 2017 at 9:31 a.m. ET
  • by Ryan Vlastelica

Exxon Mobil coverage resumed at sector perform, down from previous outperform at RBC Capital

Exxon Mobil coverage resumed at sector perform, down from previous outperform at RBC Capital

  • Jul. 6, 2017 at 7:20 a.m. ET
  • by Tomi Kilgore
  • Jul. 5, 2017 at 4:31 p.m. ET
  • by Sara Sjolin

U.S. stocks ended mostly higher Wednesday in post-holiday trade, powered by gains in technology, health-care and financial shares. Trading marked the first full session in July and follows holiday-shortened trade on Monday, with markets closed Tuesday in observance of Independence Day. The Dow Jones Industrial Average finished flat at 21,479, the S P 500 index climbed 0.2% to finish at 2,433. Meanwhile, the Nasdaq Composite Index. enjoyed the best performance among the benchmarks on the day, advancing 0.7% at 6,150, after closing in the red in the past three sessions. A popular tech-fund, the Technology Select Sector SPDR ETF. ended 0.9% higher. Bears have fretted that brisk gains in the tech sector have left it vulnerable to a selloff. Wednesday s moves follow a release of minutes at 2 p.m. Eastern from the Federal Reserve, which signaled the central bank s intention to start to shrink its $4.5 trillion balance sheet as early as September. Reducing its balance sheet, accumulated during the 2008- 09 financial crisis, can serve as an additional tightening as the Fed aims to normalize monetary policy. Meanwhile, U.S. crude-oil prices settled more than 4% lower, snapping an 8-session rally. Lower oil prices weighed on energy-related stocks, including Chevron Corp. and Exxon Mobil Corp. In corporate news, shares of Tesla Inc. tumbled into correction territory in the wake of downbeat deliveries data. Shares ended down 7.2%.

  • Jul. 5, 2017 at 4:07 p.m. ET
  • by Mark DeCambre
  • Jul. 4, 2017 at 5:02 p.m. ET
  • by Bradley Olson

A popular exchange-traded fund used to bet on the energy sector on Tuesday was looking at its worst daily decline in more than three months, according to FactSet data. The Energy Select Sector SPDR ETF was down 2.2% in recent trade, putting it on pace to log its steepest drop since March 8, when it plunged 2.6%. The slump in the energy-focused ETF was led by sharp drops in Transocean Ltd. Hess Corp. and Marathon Oil Corp. which were down at least 4%. All of the index s components were trading in the red, in early trade. The decline for the sector comes as crude-oil prices sink to a seven-month low and are flirting with a close in bear-market territory, defined as a fall of at least 20% from a recent peak. Crude s slump was putting pressure on the S P 500 index. with the energy sector the worst performer among the benchmark s 11 sectors, while the Dow Jones Industrial Average was lower, weighed by a 1.6% decline in shares of Chevron Corp. and a 1.3% fall in shares of Exxon Mobil Corp.

  • Jun. 20, 2017 at 10:41 a.m. ET
  • by Mark DeCambre
  • Jun. 18, 2017 at 5:25 p.m. ET
  • by Jeff Reeves

24/08/2017

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