Exxon Mobil Corp., the world’s largest energy company by market value, said net income fell 11 percent as its biggest first-quarter production decline since 2008 wiped out most of the benefit of record oil prices.
Exxon Mobil Corp., the world’s largest company by market value, expects to begin bitumen production at its Kearl oil sands project in Alberta before the end of March after weather delays, a company executive said.
Exxon Mobil Corp., the world’s largest company by market value, said net income exceeded $10 billion for a third consecutive quarter as rallying crude prices more than made up for the biggest production decline in three years.
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. , 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.