Exxon Mobil Corp. (XOM) News
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XOM News Highlights
- For XOM, its 30 day story count is now at 102.
- Over the past 28 days, the trend for XOM's stories per day has been choppy and unclear. It has oscillated between 1 and 26.
- AMZN, COP and BP are the most mentioned tickers in articles about XOM.
Latest XOM News From Around the Web
Below are the latest news stories about Exxon Mobil Corp that investors may wish to consider to help them evaluate XOM as an investment opportunity.
ISS backs three activist nominees in Exxon board fightExxon Mobil ([[XOM]] +1.8%) moves higher after proxy advisory firm ISS recommends shareholders elect three of Engine No. 1's four nominees to the company's 13-member board.ISS says the activist hedge fund had "made a compelling case that additional board change is needed to provide shareholders with sufficient confidence in the... |
Exxon says it will restart gas compressor at Guyana platform in JuneExxon Mobil Corp said on Friday it will reinstall a gas compressor at its Liza Destiny platform off Guyana's coast in June, after an equipment failure last month prompted the company to slash output. The compressor failure prevented Exxon from producing at full capacity without flaring in excess of Guyana's government guidance. The company, which operates the project in a consortium with New York-based Hess Corp and China's CNOOC Ltd , initially slashed production to 30,000 bpd after the outage down from nameplate capacity of 120,000 bpd. |
Oil Prices Rebound As Global Oil Glut DrainsOil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward |
Exxon Mobil Board Could Be Headed for a Shake-UpThree candidates submitted by activist investor Engine No. 1 have the backing of proxy advisor Institutional Shareholder Services. The vote is on May 26. |
UPDATE 4-Exxon under pressure as ISS backs Engine No. 1 nominees in board fightInfluential proxy advisor Institutional Shareholder Services (ISS) on Friday threw its weight behind a small hedge fund's nominations for Exxon Mobil's board in a decision that could affect the outcome of a bitter corporate battle. Activist fund Engine No.1 has taken aim at Exxon's board and decision making in the first major shareholder contest to make climate change the leading issue for choosing directors. |
UPDATE 2-Exxon under pressure as ISS backs Engine No. 1 nominees in board fightInfluential proxy advisor Institutional Shareholder Services (ISS) on Friday threw its weight behind a small hedge fund's three dissident directors for Exxon Mobil's board in a decision that could affect the outcome of a bitter corporate battle. Activist fund Engine No.1 has taken aim at Exxon's board and decision making in the first major shareholder contest to make climate change the leading issue for choosing directors. |
ExxonMobil (XOM) Increases Guyana Crude Production TargetExxonMobil (XOM) expects higher oil output from offshore Guyana than the previous estimate on the back of the Yellowtail project. |
Exxon Mobil Shares Jump After ISS Backs Activists in Board Seat BattleCEO Darren Woods says Engine No. 1 would put Exxon Mobil's "future and the dividend in jeopardy" after proxy firm ISS backed its effort to add three directors to the board. |
Proxy adviser backs activist call for Exxon board overhaulExxonMobil faces an investor revolt at its annual meeting this month after proxy adviser Institutional Shareholder Services recommended voting for three of four new board members nominated by an activist hedge fund, piling pressure on chief executive Darren Woods. The fund, Engine No 1, has called for a board overhaul and sweeping changes to Exxon’s strategy on climate, capital allocation and executive pay, saying its focus on fossil fuels was creating “existential risk” for the company. The vote on May 26 is shaping up to be one the biggest proxy contests in US corporate history and will reveal the extent of investor concern about climate risks facing fossil fuel producers. |
Exxon lifts Guyana oil production target to 800K bbl/dayExxon Mobil (XOM) raises its crude oil production outlook for Guyana following its fourth deepwater project on the Stabroek block, now expecting to produce 800K bbl/day by 2025 vs. previous guidance for 750K bbl/day.Exxon says its Yellowtail project will produce as much as 250K bbl/day, the largest in Guyana and... |