Exxon, Qatar Petroleum to expand LNG export plant in Texas DALLAS (AP) — Exxon Mobil is making a big bet on the future of exporting natural gas. Exxon and Qatar Petroleum announced Tuesday that they will go ahead with a $10 billion project to export liquefied natural gas from a plant on the Texas Gulf Coast. The companies said construction …
DALLAS (AP) — Exxon Mobil increased revenue during a volatile fourth quarter for world oil markets, but profit fell 28 percent from a year earlier, when Exxon booked a huge gain from lower corporate tax rates. The earnings topped Wall Street expectations, however, and capped Exxon’s most profitable year since 2014. The shares rose $2.64, or 3.6 percent, to close …
New York says Exxon misled investors about climate risks By CATHY BUSSEWITZ, AP Business Writer NEW YORK (AP) — New York’s attorney general on Wednesday sued Exxon Mobil, saying the Texas energy giant has misled investors about the risks that climate change poses to its operations. The lawsuit filed by Attorney General Barbara Underwood is the latest in a series …
Exxon profit surges, just not enough By DAVID KOENIG, AP Business Writer DALLAS (AP) — Rising oil prices pushed second-quarter profit at Exxon Mobil Corp. up 18 percent to $3.95 billion, but the results Friday fell short of Wall Street expectations, and the shares fell in morning trading. The price of benchmark international crude is up more than 50 percent from …
Exxon revenue takes off with oil prices, profit falls short By DAVID KOENIG, AP Business Writer DALLAS (AP) — Motorists who are paying 40 cents a gallon more than last spring should have no trouble understanding why Exxon’s profit is up. Higher oil prices drove Exxon’s first-quarter profit up by 16 percent to $4.65 billion, the oil giant’s best first quarter …
