ExxonMobil has sold its Fos-sur-Mer refinery in France to a consortium of trading firms, marking a continued trend of Big Oil divesting from downstream assets.

We recently made a list of UBS’ Best Stocks In The AI, Growth & Low Rates Era: Top 29 US Stocks. In this piece, we will take ...

(Odessa American/Eli Hartman) ExxonMobil overcame the third quarter challenges of lower oil prices and refinery profits and heavy tornado damage to a refinery in Joliet, Ill., to make $8.6 billion ...

ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were ...

ExxonMobil's Esso division has completed the sale of the Fos-sur-Mer refinery - one of France's major refineries - and two other oil terminals to Trafigura consortium firm Rhone Energies.

Among the bunch this week are two energy titans, Exxon Mobil XOM and Chevron CVX. There has been a big performance disparity between the two in 2024, with XOM shares widely outperforming.

ExxonMobil attributed the drop in profits to weaker refining margins and natural gas prices, which have pulled back from the historical high levels of 2023. Oil production was up 7% to 3.187 ...

ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions.

While earnings were higher in upstream and chemical products, ExxonMobil saw a big drop in energy products results due to weakened refinery margins. The company pointed to record oil and natural ...