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Exxon Mobil Posts Loss, $3 Billion Writedown on Oil Price Plunge
2020-05-01 15:15:28| OGI
Exxon Mobil Corp. on May 1 joined a parade of oil companies posting downbeat results on plunging oil demand and collapsing prices, reporting a $610 million first-quarter loss after a nearly $3 billion inventory writedown.
Exxon Mobil to Maintain Dividend Despite Oil Price Plunge
2020-04-29 23:30:00| OGI
Exxon Mobil on April 29 declared a cash dividend of $0.87 cents per sharethe same level as what the company paid its shareholders in first-quarter 2020.
Tags: price
oil
maintain
mobil
Analysts Skeptical Exxon Mobil Can Perform as Promised
2020-04-17 11:30:00| OGI
Credit analysts increasingly cite Exxon Mobils cash flow challenges as an area of concern.
Tags: perform
mobil
promised
analysts
Exxon Mobil Raises $9.5 Billion to Load Up on Cash While Debt Market Still Open
2020-04-14 19:05:00| OGI
Exxon Mobil raised $9.5 billion by selling five different bonds with a variety of durations ranging from five years to 31 years, up from $9 billion which it had originally planned to raise.
Shell, Exxon Mobil Halt Some Gulf of Mexico Output Due to Pipeline Leak
2020-04-13 23:13:43| OGI
Production was temporarily halted at Shell's Perdido production hub. Production on Exxons Hoover platform also was halted because of the leak.
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