Exxon profit falls compared with record-setting numbers last year, but consolidation in full swing By MICHELLE CHAPMAN AP Business Writer Exxon Mobil’s third-quarter profit declined compared with last year’s unprecedented numbers, but they’re up 15% compared with the previous quarter. The oil giant had its strongest ever refinery throughput for the period. It also raised its quarterly dividend. Exxon Mobil …

Exxon restructures divisions and packs up for Houston NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston. The oil giant said Monday it will combine its chemical and refining operations, while centralizing its technology and engineering and other other support …

IRVING, Texas – ExxonMobil said today said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion. …

BATON ROUGE, La. (AP) — A blaze inside a Louisiana refinery that turned the night sky a shade of orange and sent a large plume of smoke into the air over Baton Rouge has been extinguished, ExxonMobil officials say. The fire erupted at the facility in Baton Rouge around 11:30 p.m. Tuesday, Baton Rouge Fire Department spokesman Curt Monte told …

BATON ROUGE, La. (AP) — A blaze inside a Louisiana refinery that turned the night sky a shade of orange and sent a large plume of smoke into the air over Baton Rouge has been extinguished, ExxonMobil officials say. The fire erupted at the facility in Baton Rouge around 11:30 p.m. Tuesday, Baton Rouge Fire Department spokesman Curt Monte told …

IRVING, Texas — ExxonMobil officials said that a new study commissioned by the multinational oil and gas corporation estimates its development of Permian Basin resources in New Mexico will generate $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and …