Exxon Mobil Corp., the largest U.S. natural-gas producer since its acquisition of XTO Energy Inc. last year, is slowing drilling in Texas gas fields amid a supply glut that slashed prices for the fuel.
Exxon Mobil Corp. Chief Executive Officer Rex Tillerson may struggle to reach his full-year production target after rallying oil prices reduced the company’s take from wells in Africa and output slumped in the U.S. and Europe.
Exxon Mobil Corp. , the largest publicly traded company, plans to buy back $3 billion of its shares this quarter, easing the effect on shareholders from its takeover of natural-gas producer XTO Energy Inc., and said it will pay off or refinance the deal’s assumed debt.
Exxon Mobil Corp.’s failed shale-gas wells in Poland may hobble the nation’s effort to become one of the world’s major energy sources and dismantle Russian dominance of Eastern European natural-gas markets.
Investment spending in emerging markets is outpacing expenditures in developed economies for the first time, as a surge in infrastructure supports global growth and profits at companies from Siemens AG to Caterpillar Inc.