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Exxon Mobil Signals Up to $20 Billion Write-down to Overwhelm Fourth-quarter Gains

2020-12-31 11:20:00| OGI

Exxon Mobil 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 to $20 billion asset write down.

Tags: mobil billion signals gains

 

Oil and Gas Investor At Closing: Smoke Signals

2020-12-30 19:00:00| OGI

As experts look to 2021, their carefully constructed models for oil and gas production and pricing have been upended by the pandemics stubborn resurgence and the resulting harm to businesses, industries and economic projections.

Tags: gas oil closing investor

 
 

Oil Major Exxon Mobil Signals Bigger-than-expected Loss in Third Quarter

2020-10-01 23:05:00| OGI

Higher oil prices will help Exxon Mobil's exploration and production earnings by $1.4 billion to $1.8 billion, compared with the second quarter, the company said.

Tags: major loss oil mobil

 

NYC Commercial Property Crisis Signals Hazards for Local Banks

2020-09-24 16:02:00| National Real Estate Investor

With commercial vacancies rising and rents falling, there is a question of whether the banks have set aside enough money for CRE losses.

Tags: local property commercial banks

 

Exxon Mobil Signals Second Quarterly Loss in a Row

2020-07-02 22:25:00| OGI

Exxon Mobil last quarter cut oil production by up to 400,000 bbl/d and capex by 30%, much of it in its shale business.

Tags: loss mobil row quarterly

 

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