Exxon Reports Q1 Earnings Of $1.81 BillionExxon Mobil on Friday reported first-quarter earnings of $1.81 billion. On a per share basis, the Irving company said that it had a profit of 43 cents. The results exceeded Wall Street expectations.
Stung By Low Oil Prices, Exxon Loses 'AAA' Rating From S&PLow oil prices have helped cost Exxon its pristine "AAA" credit rating from Standard & Poor's, a label it held for over six decades.
Exxon In Position For Financial Acquisitions CEO SaysExxon is interested in acquisitions while oil prices are low, but CEO Rex Tillerson says sellers have unrealistic price expectations.
Gas Station Manager Shoots Would-Be RobbersPolice in Dallas believe that a gas station manager shot two suspects who were trying to rob his business late Wednesday night. He found them attacking his store clerk.
Exxon, Chevron Set To Boost Production Just As Prices FallThe company said it earned $6.57 billion in the quarter, the lowest since the first quarter of 2010, on revenue of $87.28 billion. Last year Exxon earned $8.35 billion on revenue of $110.86 billion.
Microsoft Passes Exxon In Company ValueMicrosoft has surpassed Exxon to become the second most valuable company in the world. Exxon's shares have been falling recently, along with the price of oil.
Exxon Holders To Vote On Gay Discrimination BanExxon Mobil shareholders are voting on measures to explicitly ban discrimination against gays and to reduce production of greenhouse gas emissions.
Exxon: US Energy Revival Has Staying PowerExxon says the energy renaissance in the U.S. has staying power and predicts that North America will become a net exporter of oil and gas by the middle of the next decade.
Exxon's Q2 Profits Rise 49 PercentExxon says that net income rose 49 percent in the second quarter as it made $7.5 billion from selling company assets.
N. Texans Pay 50 Cents A Gallon More For Gas In 2012 Than 2011In Feb. 2011, North Texans spent an average of $3 a gallon on gas. This year, Triple A says that’s jumped a whole fifty cents to $3.50 a gallon.