Mizuho Securities Reiterates Neutral Rating on ExxonMobil (XOM)
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Weak oil prices hit Exxon's third-quarter earnings: filing
October 1, 2019 7:02 PM EDTHOUSTON (Reuters) - Exxon Mobil Corp's (NYSE: XOM) operating profits fell last quarter for the fourth consecutive period, according to a regulatory filing on Tuesday that showed all three of its major businesses slumping from a year ago.
Lower oil prices, weaker results in its chemical business and the lack of a tax benefit from the... More
Exclusive: Mexico's Pemex seeks control of U.S. oil firm's billion-barrel find
September 30, 2019 6:36 AM EDTBy David Alire Garcia
MEXICO CITY (Reuters) - When U.S. oil firm Talos Energy (NYSE: TALO) found nearly a billion barrels off Mexico's southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier.
Now Mexico's state-run oil firm Pemex wants to take over the lucrative project, according to two former Mexican energy officials and two company executives with knowledge of internal Pemex discussions.
The Pemex push to run drilling in the oilfield comes amid the... More
