ExxonMobil

In a surprising turn of events, ExxonMobil Corp (NYSE:XOM) has now overtaken Tesla Inc. (NASDAQ:TSLA) to become the most shorted large-cap stock in the S&P 500, according to a recent report by HazelTree. What Happened: Prior to last month, Tesla had held the title of being ...

The Energy Select Sector SPDR Fund (NYSEARCA: XLE) was trading higher for the fifth session in a row on July 24, extending that streak with a gap up at the open.  However, some analysts are saying investors should use caution: Despite some very bullish current developments, the situation could...

Oil giant ExxonMobil is making bank and its stock is currently at record highs, thanks to consumers paying more at the pump. The latest profit spike comes as  President Joe Biden blasts oil companies for keeping prices high even as "input costs fall." What Happened: According to data...

Since Friday, June 24, crude oil prices per barrel have rallied 5.7%, after President Joe Biden proposed a three-month federal gas tax holiday. According to Tuesday data from the American Automobile Association (AAA), national gas prices have declined to $4.881 a gallon, down from its recent...

Oil and gas giant ExxonMobil Corp. (NYSE: XOM) recently achieved what many in the export compliance profession thought would be impossible. It won a federal court case against the Treasury Department's Office of Foreign Assets Control (OFAC) to reverse a $2 million penalty for noncompliance. In...

ExxonMobil Corporation (NYSE: XOM) posted earnings per share (EPS) of $0.73 for the second quarter of 2019, handily beating analyst estimates of $0.68. This comes after the company fell short of earnings expectations last quarter, coming in over 23 percent short of estimates.  The company's...

  Oil giant ExxonMobil (NYSE: XOM) has announced a multi-billion dollar upgrade of its Singapore integrated manufacturing complex to convert more fuel oil and other "bottom-of-the-barrel" crude products into higher value lube base stocks and distillates. The upgrade will also...

Exxon Mobil Corporation (NYSE: XOM) has filed a lawsuit against the U.S. government in response to a $2 million fine imposed on the oil company for violating sanctions prohibiting deals with Russia. The U.S. Treasury Department levied the fine on Thursday after reviewing the company’s joint...

While carrying plastic can be beneficial to your credit, not all cards are created equal. With an average of six potential fees per card, keeping open a line of credit can be more hassle than it appears. According to a recent survey conducted by CreditCards.com and circulated by Bankrate Inc (...

NBA star Kevin Durant’s recent deal to become spokesman for the zero-calorie drink Sparkling Ice raises, once again, the question of just how much value celebrity endorsements bring to a brand. One thing is clear, however. Although the terms of Durant’s deal with Sparkling Ice...

U.S. stocks were little changed despite an ADP jobs report showing better-than-expected numbers. The ADP report comes ahead of the non-farm payrolls due on Thursday. Analysts are expecting the payrolls to confirm 212,000 jobs were added in June. The markets will close at 1:00 p.m. on Thursday...

Brent crude oil approached a nine month high as fighting in Iraq continued to threaten the nation's supplies. The commodity traded at $114.50 at 8:20 GMT as investors kept an eye out for any new developments in the unfolding crisis. Foreign companies have evacuated their workers from Iraqi...

U.S. stocks declined as concerns escalated over Ukraine, two days before its citizens will vote in a referendum to split from Ukraine and become part of Russia. Russian President Vladimir Putin is gearing up to “invade eastern Ukraine” as a six hour talk between U.S. Secretary of State John...

Men's Journal always has an interesting interview at the end of every issue. Readers can often times find sound advice for investing in it. The interview with James Lee Burke, the Southern noir master, was no different. He was asked what kept him going after repeated rejections for a novel. Mr...

While there is no shortage of terrible publicly traded companies in the retail sector, such as Sears, RadioShack and J.C. Penney, there are three reasons why Wal-Mart (NYSE: WMT) is a terrific long-term investment, even though its recent earnings have it down. Wal-Mart is the biggest and the...