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01 Apr, 2020
Oil Prices Plunge 7% to One Year Low
Oil prices plunged by 7% on Friday, falling to its lowest levels in over a year. Oil price concerns have caused the stock market to decline heavily into bear territory over the recent months.Friday’s decline was pressured by OPEC’s antic..
Exxon Mobil Reported Third Quarter Earnings
Exxon Mobil Corp. (NYSE: XOM) on Friday reported third-quarter earnings and revenue that beat analysts’ expectations on higher prices received for its oil and natural gas and improved performance in its drilling operations and fuel refining se..
Exxon Commits USD 1 Million For A Carbon Tax
Exxon Mobil Corp. (NYSE: XOM) announced it will commit USD 1 Million over two years to promote a tax on carbon emissions by corporations, marking one of the few times an oil company has given money to prioritize fighting climate change in Washi..
Energy Stock Bounce Back
Energy stocks are experiencing a rebound as oil prices continue to rise. Brent Crude prices which have seen a dramatic fall from the record highs of 2014 are now nearing USD 70 per barrel. Brent Crude went through a massive downturn betwe..
Dow jumps 200 points
Stocks massively jumped on Thursday after the weaker-than-expected U.S. inflation data released. The Dow Jones industrial average rose 200 points, turning positive for the year, with Exxon Mobil (NYSE: XOM) as the best-performing stock in the index...
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