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Latest Articles in exxon

Exxon Downsizes Global Empire As Wall Street Worries About Dividend

The company's stock price closed Friday at $39.08, off 56% since Woods became CEO. He raised $23.19 billion in new debt this year to bolster finances, but has vowed not to borrow more and as recently as July insisted the dividend was sacrosanct.

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Exxon Mobil Considering Global Job Cuts

"We have evaluations underway on a country-by-country basis to assess possible additional efficiencies to right-size our business and make it stronger for the future,"

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Exxon To Suspend Company Match To Employee Retirement Plans In Oct

Exxon reported its first back-to-back quarterly loss in 36 years because of the drop in demand during the novel coronavirus pandemic.

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Exxon Posts Second Straight Quarterly Loss On Demand, Price Plunge

Exxon's production business reported a nearly $1.7 billion loss on lower output prices, compared with a $3.3 billion gain last year.

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Exxon Prepares Spending, Job Cuts In Last Ditch Move To Save Dividend

Exxon is expected to report a $2.63 billion second-quarter loss, according to Refinitiv Eikon data, on sharply lower prices and weaker production, the first back-to-back quarterly losses in at least 36 years.

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Oil Giants Including Exxon Set First Joint Carbon Target

Exxon supports the OGCI targets to decrease the carbon intensity of energy production and is "part of the industry's efforts to take practical, meaningful steps to reduce emissions,"

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Exxon, Chevron Slam Brakes On Shale As Oil Demand Tumbles

The company posted a $610 million first-quarter loss, its first quarterly loss in three decades, on a nearly $3 billion inventory writedown reflecting lower margins and prices.

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Exxon Quarterly Profit Falls 5.2% On Weak Refining, Chemical Margins

Gross domestic product in the 19 countries sharing the euro rose 0.1% quarter-on-quarter for a 1.0% year-on-year gain, according to Eurostat, the European Union's statistics office.

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PM Sees Scope For Further Reforms In Energy Sector

Chief executives of firms ranging from BP Plc of the UK to Russia's Rosneft, Exxon Mobil, Saudi Aramco and Royal Dutch Shell flew in specially for a three-hour meeting, in a rare display of their faith in India and its policy reforms, top sources said

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