Shell’s $6bn profit smashes forecasts as LNG offsets weak refining LONDON: Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher... Published 04 Nov, 2024 03:29am
Markets Exxon beats estimates, ends 2023 with a $36 billion profit HOUSTON: Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading... Published 02 Feb, 2024 05:19pm
Markets Nasdaq rises as long-term Treasury yields retreat NEW YORK: The Nasdaq rose on Wednesday as easing long-term US Treasury yields boosted megacap stocks, while ... Published 12 Oct, 2023 05:57am
Business & Finance Exxon secures lead in top US oilfield with $60bn buy of shale rival Pioneer NEW YORK/HOUSTON: Exxon Mobil agreed to buy U.S. rival Pioneer Natural Resources in an all-stock deal valued at... Published 11 Oct, 2023 05:47pm
Business & Finance Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines HOUSTON: Top US oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural... Published 10 Oct, 2023 06:19am
Markets Exxon in advanced talks for $60bn acquisition of Pioneer Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale... Published 06 Oct, 2023 10:53am
Business & Finance Exxon Mobil to sell its majority stake in Italy LNG terminal to BlackRock HOUSTON: Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy’s main liquefied... Published 04 Oct, 2023 11:43am
Markets Exxon profits slump 56%, joins global peers in energy price hit HOUSTON: Exxon Mobil’s second-quarter profit dropped 56% and fell short of Wall Street expectations, the company... Published 28 Jul, 2023 09:12pm
World Over 1,600 high-emitting firms directed to disclose data LONDON: More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the... Published 01 Jun, 2023 03:34am
Business & Finance Exxon delivers record first-quarter profit on higher output HOUSTON: Exxon Mobil Corp on Friday reported a record first-quarter profit that was more than double a year ago and... Published 28 Apr, 2023 05:30pm
Business & Finance BP makes record profit of $28bn in 2022 LONDON: BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated ... Published 13 Feb, 2023 05:57am
Business & Finance Exxon Mobil sets large-scale hydrogen plant start-up for 2027 HOUSTON: Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale hydrogen plant in... Published 30 Jan, 2023 08:25pm
Markets Chevron pledges $75bn for share buybacks as cash grows Chevron Corp on Wednesday said it would triple its budget for share buybacks to $75 billion, the oil industry’s most... Published 26 Jan, 2023 10:30am
Markets Oil futures ease as China widens Covid curbs NEW YORK: Oil prices eased about 1% on Friday after top crude importer China widened its Covid-19 curbs, though the... Published 30 Oct, 2022 03:57am
Markets Nigerian president withholds approval of Exxon Mobil's asset sale ABUJA: Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's sale of local ... Published 11 Aug, 2022 10:45pm
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points