Exxon misses 2Q profit forecasts
IRVING, Texas (AP) — Exxon Mobil Corp. (XOM) on Friday reported second-quarter profit of $4.19 billion.
ENERGY (MSM)
Wall Street's roller coaster; Oil companies struggle; Game of Thrones bonus
Wall Street wraps up the Grateful Dead-like month with investors wondering if the roller coaster ride will continue into August. However, the same can’t be said about oil and oil company profits– for them, July was just plain nasty. And if you’re a fan of medieval mayhem, you have a reason to smile this morning. We’ll tell you why.
EPA reviews $15 million settlement for Hawaii molasses spill
The Environmental Protection Agency is reviewing a $15.4 million settlement between Hawaii and a shipping company that spilled 1,400 tons of molasses into Honolulu Harbor for possible effects on its investigation. …
ConocoPhillips has cut 5 percent of workforce, more to come: CFO
HOUSTON (Reuters) – ConocoPhillips , which is working to cut $1 billion in operating costs as low crude prices persist, has so far cut about 1,000 jobs, or 5 percent of its workforce and more cuts are to come, the company’s chief financial officer said.
Business events scheduled for Friday
Major business and economic events scheduled for Friday: All times are Eastern. WASHINGTON — Labor Department releases the second-quarter employment cost index, 8:30 a.m. Exxon Mobil Corp. reports quarterly …
Business events scheduled for Friday
Major business and economic events scheduled for Friday: All times are Eastern. WASHINGTON — Labor Department releases the second-quarter employment cost index, 8:30 a.m. Exxon Mobil Corp. reports quarterly …
Business events scheduled for Friday
Major business and economic events scheduled for Friday: All times are Eastern. WASHINGTON — Labor Department releases the second-quarter employment cost index, 8:30 a.m. Exxon Mobil Corp. reports quarterly …
Decision on Exxon Mobil-New Jersey settlement weeks away
A judge is weeks away from deciding whether to allow a disputed environmental contamination settlement between New Jersey and Exxon Mobil Corp., he said Thursday during a hearing on the deal. Judge Michael …
ConocoPhillips reports 2Q loss but tops Street expectations
ConocoPhillips lost $179 million in the second quarter, after booking a profit in the same period last year, as a sizeable drop in oil prices weighed on the energy company’s results. Oil prices have plunged …
Conoco has quarterly loss, lowers capex
(Reuters) – ConocoPhillips , the largest U.S. independent oil and gas company, reported a quarterly loss compared with a year-ago profit on Thursday as steep declines in crude oil prices hurt results. The Houston-based company also said it was lowering its forecast for 2015 capital expenditures to $11 billion from $11.5 billion. Conoco’s loss in the second quarter was $179 million, or 15 cents per share, compared with a profit