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ExxonMobil Corp

ConocoPhillips profit tops as travel demand boosts oil prices
Business & Finance

ConocoPhillips profit tops as travel demand boosts oil prices

  • Conoco said its total average realized price was $45.36 per barrel of oil equivalent in the quarter, much higher than the $33.21 it earned in the last three months of 2020.
  • The company also outlined a plan to cut its gross debt by $5 billion over the next five years and its intention to exit its 10% stake in Canadian producer Cenovus Energy Inc by the fourth quarter of 2022.
Published 04 May, 2021 05:25pm
Exxon rejects contract offer from Texas refinery union
Business & Finance

Exxon rejects contract offer from Texas refinery union

  • Workers could be locked out of the plant Saturday morning and replacement crews put in their place if USW members have not voted on the company's latest offer, the people familiar with the talks have said.
  • Staff representatives of the USW met with Beaumont refinery officials earlier in the day Thursday but did not pass along an offer, according to the people.
Published 30 Apr, 2021 06:08pm
Exxon to close Australian refinery
Markets

Exxon to close Australian refinery

  • Taylor said the closure of Exxon's refinery would not negatively impact Australian fuel stockholdings. The Altona plant employs around 300 people.
Published 10 Feb, 2021 12:49pm