Earnings blow to firms - Gulf Digital News

NEW YORK: Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports yesterday, but earnings rose compared with the prior two quarters. The results were the latest sign of pain for the ...

ExxonMobil Cuts Costs, Endures Low Oil-Price Woes - E&P

Capturing cost-savings brought by operational efficiencies, market benefits and delivering projects on schedule and on budget are among the ways ExxonMobil Corp. (NYSE: XOM) has managed to lower capital spending by nearly 40% to $14.5 billion so far ...

Low oil prices hit ExxonMobil, Chevron earnings - The Punch

Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron Friday. But the heavy impact of the industry's slump on company performance may have bottomed out, as earnings rose compared with the ...

Exxon down 38% in Q3 - OE Digital

ExxonMobil took a 38% decline in its Q3 2016 earnings, in addition to reducing its capital and exploration expenses by 45% during the period. Image from Exxon. The supermajor's earnings for Q3 2016 took a US$1.6 billion hit, coming in at US$2.7 billion ...

ExxonMobil finds one billion bbls of oil offshore Nigeria - The Nation Newspaper

Exxon Mobil Corporation has announced a significant discovery with a potential recoverable resource of between 500 million and one billion barrels (bbls) of oil on the Owowo field offshore Nigeria. According to the American oil giant, the Owowo field ...