Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp , compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Earnings at Exxon and Chevron, two of the world’s largest oil producers, also missed analysts’ expectations, adding to concerns that perhaps executives had not acted quickly enough to mitigate the impact of an over-50-percent drop in
[Marketwired] – Lake Shore Gold Corp. today announced that it has entered into a binding arrangement agreement with Temex Resources Corp. , on the terms proposed by Lake Shore Gold on July 16, 2015 , and disclosed in …
[CNW Group] – Goldcorp inc. officially inaugurates its Éléonore Mine, a world-class gold mine in Northern Québec
With the dollar falling and gold rallying off the lows, today a legend in the business sent King World News a powerful piece discussing a $2.7 trillion problem, commodities, gold and mutual fund cash levels being at an all-time record low.
Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64 after the world’s largest biotechnology company reported higher-than-expected second-quarter results. Wall Street opened higher after an historically weak reading of U.S wage growth lent weight to the view that the Fed could delay a rate increase.
NEW YORK (AP) — Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company’s oil and gas production, which has been generally declining in recent years, surged.
Chevron Corp. (CVX) on Friday reported second-quarter earnings of $571 million. On a per-share basis, the San Ramon, California-based company said it had net income of 30 cents. The results missed Wall …
