Exxon Tag

ExxonMobil (NYSE:XOM) announced reduced earnings for FY16 of US$7.8 billion compared with 2015 in its latest figures. The US oil company’s earning were almost half the $16.2 billion reported a year earlier, Exxon said it was a result of lower commodity prices and refining margins. Fourth quarter...

A number of the world’s largest oil companies have won bids to develop Mexico’s offshore oil deposits in a tender which could generate US$40 billion in investment. Oil giants such as Exxon Mobil, Chevron and China National Offshore Oil Corp all battled it out as eight...