Silver Squeeze, Exxon, Chevron Merger Talk, China PMI – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — Silver hits $ 30 an ounce as the retail investor army moves on from GameStop. The short squeeze in other stocks still has some juice left in it. Stocks are set to bounce at opening, helped by reports of Exxon and Chevron having held merger talks. And China’s manufacturing […]

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Exxon signals up to $20 billion writedown to overwhelm fourth-quarter gains in oil, chemicals

© Reuters. FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge HOUSTON (Reuters) – Exxon Mobil Corp (NYSE:) signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up […]

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Exxon posts third straight loss as pandemic hits energy demand, prices

© Reuters. FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba (Reuters) – Exxon Mobil Corp (N:) posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 impact on […]

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Exxon, Japan’s JERA to build LNG-to-power project in Vietnam

2/2 © Reuters. The logo of JERA Co., Inc., the world’s biggest LNG buyer, is displayed at the company office in Tokyo 2/2 SINGAPORE/TOKYO (Reuters) – Exxon Mobil Corp (N:) and Japan’s biggest power generator, JERA, have agreed to build a power station and import facilities for the liquefied (LNG) to fuel it in the […]

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Exxon Baton Rouge refinery union to seek talks over 401K change: sources

© Reuters. A sign is seen in front of the Exxonmobil Baton Rouge Refinery in Baton Rouge, Louisiana. HOUSTON (Reuters) – The United Steelworkers union (USW) local representing workers at Exxon Mobil Corp’s (N:) Baton Rouge, Louisiana, refinery and chemical plant are seeking talks with the company over the upcoming suspension of the employer contribution […]

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Wall Street sees Exxon paring asset values on weakening demand

© Reuters. FILE PHOTO: An airplane comes in for a landing above an Exxon sign at a gas station in the Chicago suburb of Norridge HOUSTON (Reuters) – Exxon Mobil Corp (N:) assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street analysts, and face write-downs as soon as this month. […]

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Exxon shareholders soundly reject splitting CEO/chairman roles

2/2 © Reuters. FILE PHOTO: Darren Woods, Chairman & CEO, Exxon Mobil Corporation attends a news conference at the NYSE 2/2 By Jennifer Hiller (Reuters) – Exxon Mobil Corp (N:) shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive’s roles at the oil major’s shareholder meeting on Wednesday. Climate activists had swung […]

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Climate activists up stakes at Exxon, backing calls for independent board chairman

© Reuters. FILE PHOTO: Darren Woods, Chairman & CEO, Exxon Mobil Corporation attends a news conference at the NYSE By Jennifer Hiller HOUSTON (Reuters) – Shareholder activists prodding Exxon Mobil Corp (NYSE:) on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off […]

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