Exxon Mobil's third-quarter profit beat analysts' expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.

Exxon earned $8.6 billion, or $1.92 per share, for the three months ended Sept. 30. A year earlier the Spring, Texas-based company earned $9.07 billion, or $2.25 per share.

2. Wall Street climbs ahead of a big week for Big Tech as oil drops 6% - Friday, October 25, 2024

NEW YORK (AP) — U.S. stocks closed broadly higher Monday as gains by some Big Tech companies helped offset a skid in oil-and-gas stocks after the price of crude had its biggest drop in more than a year.

3. Wall Street rises as tech stocks and oil prices steady themselves - Friday, October 11, 2024

NEW YORK (AP) — U.S. stocks rose Wednesday following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies.

4. Wall Street falls from its records as oil prices tumble, tech stocks drop - Friday, October 11, 2024

NEW YORK (AP) — Wall Street pulled back from its records on Tuesday after the price of crude oil tumbled and technology stocks faltered.

The S&P 500 fell 0.8%, a day after setting an all-time high for the 46th time this year. The Dow Jones Industrial Average dropped 324 points, or 0.8%, and the Nasdaq composite sank 1%.

5. Wall Street edges back from its records - Friday, October 11, 2024

NEW YORK (AP) — U.S. stocks edged back from their records Thursday after reports showed inflation was a touch warmer last month than expected and more workers filed for unemployment benefits last week.

6. Wall Street retreats from records and oil prices jump after Iran's missile attack on Israel - Friday, September 27, 2024

NEW YORK (AP) — U.S. stocks retreated from their records Tuesday after Iran fired missiles into Israel, a sharp escalation of tensions in the Middle East that investors fear could lead to disruptions in the flow of oil.

7. Wall Street rises to another high, but a slide for oil keeps the gains in check - Friday, September 27, 2024

NEW YORK (AP) — U.S. stocks rose to another all-time high, but a slide in oil prices kept the gains in check by weighing down energy companies.

The S&P 500 rose 0.4% Thursday, setting its third record high this week. The Dow Jones Industrial Average added 0.6%, and the Nasdaq rose 0.6%.

8. Wall Street extends losses as technology, energy stocks fall - Friday, August 30, 2024

U.S. stock indexes lost more ground Wednesday, with declines in the technology, energy and other sectors adding to Wall Street's losses a day after the market's worst skid in a month.

The S&P 500 fell 0.2% following Tuesday's 2.1% drop. The Nasdaq composite shed 0.3%. The Dow Jones Industrial Average, however, managed a gain of 0.1%.

9. Sweet and salty deal worth $30B would put M&M's, Snickers alongside Cheez-It, Pringles - Friday, August 9, 2024

M&M's maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion, vastly expanding the number of household-name brands under one roof.

Kellanova was created last year when the Kellogg Co. split into two companies. Kellanova sells many of the former company's most profitable brands, including Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. It had net sales of more than $13 billion last year and has approximately 23,000 employees.

10. Exxon Mobil second-quarter profit rises on Pioneer acquisition, surging production - Friday, August 2, 2024

Exxon Mobil recorded one of its largest second-quarter profits in a decade on surging quarterly production from oil and gas fields in Guyana and the Permian basin in the U.S., as well its $60 billion acquisition of Pioneer Natural Resources.

11. Wall Street hits more records as Tesla zooms - Friday, June 28, 2024

NEW YORK (AP) — Tesla zoomed higher and helped drive the U.S. stock market to more records on Tuesday.

The S&P 500 added 0.6% to top its all-time high set two weeks ago. The Dow Jones Industrial Average rose 162 points, or 0.4%, and the Nasdaq composite added 0.8% to its own record set a day before.

12. Most of Wall Street rises, but Nvidia tumbles again as AI mania cools - Friday, June 21, 2024

NEW YORK (AP) — Another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.

The S&P 500 slipped 0.3% to pull further from its record set last week. The drops for Nvidia and other winners of Wall Street's artificial-intelligence boom pulled the Nasdaq composite down 1.1%, while the Dow Jones Industrial Average rose 260 points, or 0.7%.

13. Schumer, Democrats urge Justice Department to prosecute alleged oil industry collusion, price-fixing - Friday, May 31, 2024

WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to "use every tool" at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry.

14. ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise - Friday, May 24, 2024

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.

The deal is valued at $22.5 billion when including $5.4 billion in debt.

15. Exxon Mobil profit declines in 1st quarter as natural gas prices fall - Friday, April 26, 2024

Exxon Mobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped.

The energy company earned $8.22 billion, or $2.06 per share, for the three months ended March 31. A year earlier it earned $11.43 billion, or $2.79 per share.

16. Tuesday Markets Final: Wall Street holds steady near record highs - Friday, February 23, 2024

NEW YORK (AP) — U.S. stocks held near their record levels on Tuesday after a quiet day of trading.

The S&P 500 added 8.65 points, or 0.2%, to 5,078.18 and is just off its all-time high set last week. The Dow Jones Industrial Average dipped 96.82, or 0.2%, to 38,972.41, and the Nasdaq composite rose 59.05, or 0.4%, to 16,035.30.

17. Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average - Friday, February 23, 2024

Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average.

The e-commerce pioneer will officially take its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance.

18. Wall Street ends mostly higher after a late wave of buying - Friday, February 16, 2024

NEW YORK (AP) — Stocks mostly fell on Wall Street Wednesday after a listless day of trading with big technology stocks again acting as a heavy weight on the market.

The S&P 500 fell 6.29 points, or 0.1%, to 4,981.80. The benchmark index spent much of the day in losing territory before climbing higher just before markets closed.

19. Potential $50B Southwestern energy giant emerges as Diamondback seeks to buy rival Endeavor - Friday, February 9, 2024

Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion.

Growing confidence in an economic recovery, particularly in the U.S., has driven massive deals in the energy sector in recent months, including Chevron's $53 billion acquisition of Hess in October, and a $59.5 billion deal two weeks before that by Exxon Mobil, its biggest acquisition since buying Mobil two decades ago.

20. BP earns $3 billion at the end of last year but saw its annual profit fall by half from 2022 - Friday, February 2, 2024

LONDON (AP) — Oil and natural gas giant BP beat expectations on Tuesday with earnings of $3 billion in the last three months of 2023, bringing last year's total to half its record 2022 profit as energy prices have fallen since spiking after Russia's invasion of Ukraine.

21. Exxon overcomes hefty charge, falling crude prices in fourth quarter to top profit expectations - Friday, February 2, 2024

Exxon Mobil's fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend.

22. After a record year, Norway's giant oil fund pledges to push sustainable energy - Friday, January 26, 2024

STAVANGER, Norway (AP) — The manager of the world's largest sovereign wealth fund pledged Tuesday to push major oil and gas companies to speed up preparations for the "inescapable" transition away from planet-warming fossil fuels while also twisting arms in U.S. boardrooms to take control of executive pay.

23. Trump's lawyers again ask for early verdict in civil fraud trial, judge says 'no way' - Friday, December 8, 2023

NEW YORK (AP) — Donald Trump's lawyers rested his defense Tuesday and sought anew to immediately end the New York civil fraud trial that threatens the former president's real estate empire. The judge said "there's no way I'm going to grant that."

24. Occidental buying CrownRock in cash-and-stock deal valued at about $12 billion - Friday, December 8, 2023

Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion.

"We found CrownRock to be a strategic fit, giving us the opportunity to build scale in the Midland Basin," Occidental President and CEO Vicki Hollub said in a statement, referring to the vast oil and gas fields in western Texas.

25. Wall Street gains ground, led by travel-related companies - Friday, November 24, 2023

NEW YORK (AP) — Stocks rose on Wall Street Wednesday, led by big gains in travel-related companies as energy prices drop.

The S&P 500 rose 0.5% and remains on track for a modest gain in a holiday-shortened week ahead of the Thanksgiving holiday in the U.S. The Dow Jones Industrial Average rose 185 points, or 0.5% to 35,279 and the Nasdaq rose 0.7% as of 1:14 p.m. Eastern.

26. Exxon profit falls compared with record-setting numbers last year, but consolidation in full swing - Friday, October 27, 2023

Exxon Mobil's third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. It also raised its quarterly dividend.

27. Buffett's company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys - Friday, October 27, 2023

OMAHA, Neb. (AP) — Investor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway's purchases of Occidental Petroleum stock for the first time in four months.

28. Wall Street swings to a mixed finish as yields veer in the bond market - Friday, October 20, 2023

NEW YORK (AP) — Wall Street swung to a mixed finish Monday, continuing a monthslong run where it's slavishly followed the cue of the bond market.

The S&P 500 slipped 7.12 points, or 0.2%, to 4,217.04, coming off its worst week in a month. The Dow Jones Industrial Average dropped 190.87, or 0.6%, to 32,836.41. The Nasdaq composite rose 34.52, or 0.3%, to 13,018.33.

29. Chevron buys Hess for $53B, 2nd buyout among major producers this month as oil prices surge - Friday, October 20, 2023

Chevron is buying Hess Corp. for $53 billion and it's not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

30. Wall Street ticks higher after the first of 2 big updates on inflation this week - Friday, October 6, 2023

NEW YORK (AP) — Most U.S. stocks ticked higher Wednesday amid mixed yields in the bond market, which has been the main driver of Wall Street's moves recently.

The S&P 500 rose 18.71, or 0.4%, to 4,376.95 for its fourth straight gain. The Dow Jones Industrial Average added 65.57 points, or 0.2%, to 33,804.87, and the Nasdaq composite gained 96.83, or 0.7%, to 13,659.68.

31. Most of Wall Street slips as the bond market cranks up the pressure - Friday, September 29, 2023

NEW YORK (AP) — Stocks mostly slipped in mixed trading Monday as the constrictor of higher interest rates tightened its coils around Wall Street.

The S&P 500 edged up by 0.34, or less than 0.1%, to 4,288.39, coming off its worst month of the year. The Dow Jones Industrial Average dropped 74.15 points, or 0.2%, to 33,433.35, and the Nasdaq composite rose 88.45, or 0.7%, to 13,307.77.

32. Wall Street drifts as the pressure keeps mounting from the bond market - Friday, September 22, 2023

NEW YORK (AP) — A sluggish day for stocks kept September on track to be the worst month of the year for Wall Street. The S&P 500 managed a gain of 0.4%, coming off its worst week in six months. The Dow edged up 43 points and the Nasdaq composite added 0.5%. Treasury yields rose again to near their highest levels in more than a decade. Stocks have struggled recently as the realization sinks in that the Federal Reserve will likely keep interest rates high well into next year. The Fed wants to ensure inflation gets back down to its target.

33. Wall Street weakens again as higher bond yields keep biting - Friday, August 18, 2023

NEW YORK (AP) — Wall Street fell for a third straight day Thursday as rising yields in the bond market keep cranking up the pressure.

The S&P 500 sank 33.97, or 0.8%, to 4,370.36, and August is on track to be its worst month of the year by far. The Dow Jones Industrial Average dropped 290.91 points, or 0.8%, to 34,474.83, and the Nasdaq composite fell 157.70, or 1.2%, to 13,316.93.

34. Wall Street slips as its big rally cools some more - Friday, August 4, 2023

NEW YORK (AP) — Stocks slipped Thursday as Wall Street's red-hot rally for the year cooled a bit more.

The S&P 500 fell 11.50, or 0.3%, to 4,501.89 for its third straight loss after setting a 16-month high. The Dow Jones Industrial Average dropped 66.63, or 0.2%, to 35,215.89, and the Nasdaq composite dipped 13.73, or 0.1%, to 13,959.72.

35. Wall Street returns to rallying following reports on profits and inflation - Friday, July 28, 2023

NEW YORK (AP) — Wall Street's rally got back on track Friday following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.

The S&P 500 rose 1% to its highest close in more than 15 months. The Dow Jones Industrial Average climbed 176 points, or 0.5% after breaking a 13-day winning streak the day before. The Nasdaq composite jumped 1.9% as Big Tech stocks led the market.

36. Energy sector left behind as Wall Street exits bear market - Friday, July 14, 2023

NEW YORK (AP) — Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023.

The sector, which includes oil and oilfield exploration companies, is coming off of two years or rising oil prices and inflation.

37. Wall Street's winning week stays perfect as inflation eases further - Friday, July 14, 2023

NEW YORK (AP) — Wall Street's winning streak barreled into a fourth day Thursday following the latest signal that inflation is easing its chokehold on the economy.

The S&P 500 rose 37.88, or 0.8%, to 4,510.04 and its highest close since April 2022. The Dow Jones Industrial Average rose 47.71, or 0.1%, to 34,395.14, and the Nasdaq composite rallied 219.61, or 1.6%, to 14,138.57 as Big Tech stocks led the way.

38. Stock market today: Wall Street falls after hot jobs data raises threat of high rates - Friday, July 7, 2023

NEW YORK (AP) — Stocks closed lower after reports suggested the U.S. job market remains much more resilient than expected. The S&P 500 fell 0.8% Thursday. The Dow lost 366 points, or 1.1%, and the Nasdaq fell 0.8%. While a sturdy labor market keeps the economy out of a long-expected recession, it could also push the Federal Reserve to keep interest rates higher for longer in its campaign to defeat high inflation. That in turn could mean more pressure down the line on the economy and financial markets. Treasury yields jumped as traders increasingly bet on rates staying higher for longer.

39. Stock market today: Drops for tech stocks sap more momentum from Wall Street's rally - Friday, June 16, 2023

NEW YORK (AP) — Drops for technology stocks left Wall Street mixed Wednesday and sapped more momentum from its five-week rally.

The S&P 500 fell 23.02, or 0.5%, to 4,365.69. It was a third straight pullback for the index after it rallied last week to its highest level in more than a year.

40. Stock market today: Wall Street falls, takes a step back after its big rally - Friday, June 16, 2023

NEW YORK (AP) — Stocks pulled back Tuesday in their first trading after a five-week rally carried Wall Street to its highest level since the spring of last year.

The S&P 500 fell 20.88 points, or 0.5%, to 4,388.71. The Dow Jones Industrial Average dropped 245.25, or 0.7%, to 34,053.87, and the Nasdaq composite lost 22.28, or 0.2%, to 13,667.29.

41. Stock market today: Wall Street churns to a mixed finish - Friday, May 26, 2023

NEW YORK (AP) — Wall Street churned to a mixed finish Tuesday as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt.

42. Exxon doubles profit in Q1, ups production to counter falling prices - Friday, April 28, 2023

Exxon Mobil more than doubled its profit during the first quarter, producing more oil to overcome energy prices that have declined during a period of economic unease.

Net oil and gas net production jumped by nearly 300,000 oil-equivalent barrels per day compared with the same period last year, which was marked by Russia's invasion of Ukraine and soaring energy prices. Last year at this time, a barrel of U.S. crude was trading above $100, about 30% higher than today.

43. Stocks end mixed as jump in oil prices fans inflation fears - Friday, March 31, 2023

NEW YORK (AP) — Stock markets around the world were mixed Monday, as a jump in oil prices threatens to add upward pressure on inflation.

The S&P 500 gained 15.20 points, or 0.4%, to 4,124.51, though more stocks in the index fell than rose. The Dow Jones Industrial Average climbed 327.00, or 1%, to 33,601.15, while the Nasdaq composite fell 32.45, or 0.3%, to 12,189.45.

44. Exxon Mobil sued as 5 nooses displayed at Louisiana facility - Friday, March 3, 2023

Exxon Mobil Corp. violated federal law for failing to take sufficient action as five hangman's nooses were displayed at its facility in Baton Rouge, Louisiana, the U.S. government said in a lawsuit.

45. UK energy giant BP's profits double to $27.7 billion - Friday, February 3, 2023

LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia's invasion of Ukraine.

46. Shell profit doubles to record as war drives up energy costs - Friday, February 3, 2023

LONDON (AP) — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

London-based Shell Plc posted adjusted earnings of $39.9 billion for 2022 in its financial results for the final three months of the year. Adjusted earnings in the fourth quarter, which exclude one-time items and fluctuations in the value of inventories, rose by 50%, to $9.8 billion, from the same period a year earlier.

47. Unprecedented profit for Exxon as travel, and war, heated up - Friday, January 27, 2023

NEW YORK (AP) — Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods.

The energy giant brought in $55.7 billion in annual profits, exceeding its previous record of $45.22 billion in 2008, when a barrel of oil soared close to $150.

48. Study: Exxon Mobil accurately predicted warming since 1970s - Friday, January 13, 2023

DENVER (AP) — Exxon Mobil's scientists were remarkably accurate in their predictions about global warming, even as the company made public statements that contradicted its own scientists' conclusions, a new study says.

49. Stocks close lower on Wall Street; Southwest losses mount - Friday, December 23, 2022

A broad slide for stocks added to Wall Street's recent losses Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008.

The S&P 500 fell 1.2%, with technology, energy and industrial stocks among the biggest weights on the benchmark index. The tech-heavy Nasdaq composite slid 1.4%. Both indexes came into this week with three straight weekly losses.

50. BP profits soar in 3Q as pressure increases for windfall tax - Friday, October 28, 2022

LONDON (AP) — BP's earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia's invasion of Ukraine.

Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $8.15 billion from $3.32 billion in the same period last year, BP said Tuesday. The company also announced plans to reward shareholders, buying back another $2.5 billion of stock.

51. AP source: Biden to float windfall tax on energy producers - Friday, October 28, 2022

WASHINGTON (AP) — President Joe Biden on Monday will raise the possibility of imposing a 'windfall tax' on energy companies, as his administration aims to combat high gas prices just days before the midterm elections.

52. Oil giants rake in steep profits amid high energy prices - Friday, October 28, 2022

Oil companies brought in staggering profits once again as people worldwide struggled with high gasoline and energy prices.

Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas company said Friday that it booked $112.07 billion in quarterly revenue, more than double the revenue it received last year during the same period.

53. Oil giant Exxon rakes in a record $19.66B in profits - Friday, October 28, 2022

Exxon Mobil broke records again with its profits in the third quarter, raking in $19.66 billion in net income.

The Irving, Texas company said Friday that it booked $112.07 billion in revenue during the quarter, more than double revenue last year during the same period.

54. Stocks lose ground as more earnings roll in; yields rise - Friday, October 14, 2022

A broad slide on Wall Street reversed two days of gains for stocks Wednesday, as Treasury yields climbed to multiyear highs, tempting traders with higher returns on relatively low-risk investments.

55. Stocks end broadly higher, breaking a 3-week losing streak - Friday, September 9, 2022

Wall Street added to its recent gains Friday with a broad rally that broke the market's three-week losing streak.

The S&P 500 closed 1.5% higher, its third straight increase, and ended with a 3.7% gain for the week. That makes it the benchmark index's best week going back to July.

56. Biden picks White House veteran to run revived climate drive - Friday, September 2, 2022

WASHINGTON (AP) — President Joe Biden on Friday brought back John Podesta, a behind-the-scenes veteran at getting things done on climate in past Democratic administrations, to put into place an ambitious U.S. climate program newly revived by $375 billion from Congress.

57. What's in big Biden bill? Health, climate goals become law - Friday, August 12, 2022

WASHINGTON (AP) — President Joe Biden arrived at the White House promising to "build back" America, and legislation he's signing Tuesday delivers a slimmer, though not insignificant, version of that once sweeping idea.

58. In Biden's big bill: Climate, health care, deficit reduction - Friday, August 12, 2022

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share.

59. What's in Democrats' big bill? Climate, health care, savings - Friday, August 5, 2022

WASHINGTON (AP) — Not as robust as the proposal President Joe Biden once envisioned to rebuild America's public infrastructure and family support systems, the Democrats' compromise of health care, climate change and deficit-reduction strategies is still a substantial undertaking.

60. BP earnings soar as energy firm profits from rising prices - Friday, July 29, 2022

LONDON (AP) — BP said its earnings from April to June almost tripled from a year earlier, increasing pressure on governments to intervene as energy companies profit from high oil and natural gas prices that are fueling inflation and squeezing consumers.

61. Unprecedented profit for major oil drillers as prices soared - Friday, July 29, 2022

NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities.

On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion. The sky-high profits come one day after the U.K.'s Shell shattered its own profit record.

62. Officials suggest pipeline company hid problems after spill - Friday, July 15, 2022

BILLINGS, Mont. (AP) — U.S. prosecutors suspect a Wyoming company of potentially concealing problems with a pipeline that broke in 2015 and spilled more than 50,000 gallons (240,000 liters) of crude into Montana's Yellowstone River, fouling a small city's drinking water supply, court filings show.

63. Oil industry says Granholm meeting sends 'positive signal' - Friday, June 24, 2022

WASHINGTON (AP) — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday.

64. Stocks rise as uncertainties keep Wall Street wobbly - Friday, June 3, 2022

NEW YORK (AP) — U.S. stocks rallied Tuesday as Treasury yields eased, but Wall Street remains wobbly as investors wait for more clarity on where interest rates, inflation and the economy are heading.

65. Markets cheer after Powell downplays even larger rate hikes - Friday, April 29, 2022

NEW YORK (AP) — The Dow Jones Industrial Average surged more than 900 points and the S&P 500 had its biggest gain in two years Wednesday after Federal Reserve Chair Jerome Powell downplayed the likelihood of an even larger interest rate hike after announcing the sharpest rate increase since 2000.

66. Exxon profits surge, doubling 2021 despite $3.4M Russia write down - Friday, April 29, 2022

NEW YORK (AP) — Exxon Mobil reported $5.48 billion in profits during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.

67. US stocks fall; investors eye Elon Musk's offer for Twitter - Friday, April 15, 2022

NEW YORK (AP) — Stocks are closing lower on Wall Street Thursday as investors gave mixed reviews to earnings from four of the nation's largest banks. The S&P 500 fell 1.2% and ended a shortened trading week with a decline of more than 2%. The yield on the 10-year Treasury rose to 2.83% as inflation worries continue to overhang the markets. Investors again turned their attention to the drama surrounding Tesla CEO Elon Musk and Twitter. Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he'd accumulated a 9% stake. The Commerce Department said retail sales rose 0.5% in March.

68. Many in Mideast see hypocrisy in Western embrace of Ukraine - Friday, March 25, 2022

JERUSALEM (AP) — Within days of the Russian invasion, Western countries invoked international law, imposed crippling sanctions, began welcoming refugees with open arms and cheered on Ukraine's armed resistance.

69. US stocks end mostly higher after another up-and-down day - Friday, March 25, 2022

Major U.S. indexes closed mostly higher Friday, and several of them notched weekly gains, despite a recent run of daily swings on Wall Street as traders try to figure out what's next for the economy.

70. Jack Daniel's producer to suspend operations in Russia - Friday, March 11, 2022

NASHVILLE (AP) — Iconic whiskey maker Jack Daniel's will become the latest company to suspend business operations in Russia following its invasion of Ukraine.

71. Exxon returns to Q4 profit as demand continues to improve - Friday, January 28, 2022

Exxon Mobil returned to a profit in its fourth quarter as demand for oil continues to improve.

The oil and natural gas company earned $8.87 billion, or $2.08 per share for the final three months of 2021. A year earlier it lost $20.07 billion, or $4.70 per share.

72. Exxon restructures divisions and packs up for Houston - Friday, January 28, 2022

NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston.

The oil giant said Monday it will combine its chemical and refining operations, while centralizing its technology and engineering and other other support services. It will also consolidate its exploration and drilling operations.

73. Stocks shake off an early loss, end higher as tech rebounds - Friday, January 7, 2022

Stocks shook off an early slide and closed higher Tuesday as Wall Street welcomed more modest moves in the bond market after a recent surge in Treasury yields weighed on the market.

The S&P 500 rose 0.9% after having been down 0.7% in the early going. The selling eased by afternoon, with technology stocks reversing course and turning higher. The benchmark index was coming off five straight losses and hadn't had a winning day since the first trading day of the year, when it set an all-time high.

74. Stocks end mostly lower, but tech gains push Nasdaq higher - Friday, November 19, 2021

Wall Street closed out a week of choppy trading with stocks mostly lower Friday, though gains for several tech companies pushed the Nasdaq composite to another record high and its first close over 16,000 points.

75. Stocks gain, pushing the Dow Jones industrials past 36,000 - Friday, October 29, 2021

Wall Street added to its recent run of milestones Tuesday as stock indexes hit new highs again and the Dow Jones Industrial Average closed above 36,000 points for the first time.

The Dow and benchmark S&P 500 each rose 0.4%. The Nasdaq gained 0.3%. The three indexes also notched all-time highs on Monday.

76. Profitable Exxon, Chevron emerge as global economy rebounds - Friday, October 29, 2021

Exxon Mobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.

77. Stocks drop the most since May on worries over China, Fed - Friday, September 17, 2021

Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months.

Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — rippled across markets. Investors are also concerned that the U.S. Federal Reserve could signal this week that it's planning to pull back some of the support measures it's been giving markets and the economy.

78. As Ida leaves Gulf, analysts foresee modest economic damage - Friday, August 27, 2021

WASHINGTON (AP) — With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be modest so long as damage estimates don't rise sharply and refinery shutdowns are not prolonged, economists say.

79. Exxon posts $4.7B in Q2 profit as demand for fuel rebounds - Friday, July 30, 2021

NEW YORK (AP) — Exxon Mobil swung back to a profit and topped expectations during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.

Exxon's profits reached $4.69 billion, or $1.10 per share, after the company reported a loss last year during mass shutdowns intended to limit the spread of the virus.

80. US stock indexes mixed as tech rebound fades; Peloton drops - Friday, April 30, 2021

Major U.S. stock indexes closed mixed Wednesday after an early technology company rebound faded, tempering the market's recovery from a sell-off a day earlier.

The S&P 500 eked out a 0.1% gain after having been up 0.7% in the early going. The Dow Jones Industrial Average managed a 0.3% gain, while the tech-heavy Nasdaq slid 0.4%.

81. Exxon posts $2.7B quarterly profit after unprecedented year - Friday, April 30, 2021

NEW YORK (AP) — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.

The oil giant brought in $59.15 billion in revenue, up 5% from $56.16 billion during the same quarter last year. It exceeded analyst projections for the quarter.

82. Amazon's profit more than triples as pandemic boom continues - Friday, April 30, 2021

NEW YORK (AP) — Amazon's pandemic boom isn't showing signs of slowing down. The company said Thursday that its first-quarter profit more than tripled from a year ago, fueled by the growth of online shopping. It also posted revenue of more than $100 billion, the second quarter in a row that the company has passed that milestone.

83. Big Tech leads stocks to broad gains; GameStop collapses - Friday, January 29, 2021

Big Tech companies and banks helped power a broad rally on Wall Street Tuesday, though shares in GameStop and other recent high-flying stocks hyped by online traders plunged.

The S&P 500 rose 1.4%, extending gains from a day earlier, as investors sized up the latest batch of company earnings reports. Rising crude oil prices and solid earnings results helped lift energy companies, including Exxon Mobil and Marathon Petroleum. Treasury yields rose and the VIX, a measure of fear in the market, fell sharply, a sign volatility was easing.

84. Hit by pandemic, oil giants Exxon, BP post huge 2020 losses - Friday, January 29, 2021

DALLAS (AP) — Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices.

Exxon Mobil Corp. reported the largest losses in its history — nearly $20.1 billion for the fourth quarter, including more than $19 billion to write down the value of company assets. For the full year, it lost $22.4 billion.

85. Smaller investors face down hedge funds, as GameStop soars - Friday, January 22, 2021

NEW YORK (AP) — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing videogame retailer.

An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop — in direct opposition to a group of wealthy investors who are counting on the stock price to plunge.

86. Report: Companies donated $170M to GOP election objectors - Friday, January 8, 2021

WASHINGTON (AP) — Corporations and industry groups have donated at least $170 million in recent years to Republicans who rejected President-elect Joe Biden's victory over President Donald Trump, according to a new report by a government watchdog group.

87. Steady gains for stocks deliver more records on Wall Street - Friday, December 4, 2020

Technology and health care companies helped drive stocks to more gains Tuesday, leading to more milestones on Wall Street.

The S&P 500 index rose 0.3%, eclipsing the all-time high it set on Friday. The Nasdaq composite and Russell 2000 index of small company stocks also set record highs. The likelihood that one or more coronavirus vaccines could begin to be distributed in the U.S. in coming weeks has kept investors in a buying mood, boosting their optimism for an economic recovery next year.

88. 751,000 seek US jobless benefits as virus hobbles economy - Friday, November 6, 2020

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

89. 751,000 seek US jobless benefits as virus hobbles economy - Friday, October 30, 2020

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.

90. Losses mount for oil majors as pandemic grips global economy - Friday, October 30, 2020

NEW YORK (AP) — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity.

The energy giant on Friday posted a $680 million third-quarter loss and revenue tumbled to $46.2 billion, down from $65.05 billion during the same quarter last year.

91. Stocks end a bumpy day mostly lower, still notch August gain - Friday, August 28, 2020

Stocks ended lower on Wall Street Monday, but the market still closed out August with its fifth monthly gain in a row.

The S&P 500 fell 0.2% after spending much of the day wavering between gains and losses of less than 0.1%. The modest decline, which snapped the index's seven-day winning streak, came as losses in financial, industrial and energy companies outweighed gains in technology stocks.

92. S&P 500 shakes off a bumpy start, pushes to another record - Friday, August 21, 2020

NEW YORK (AP) — Stocks were mixed on Wall Street Tuesday, but gains were strong enough for tech companies and other pockets of the market to carry the S&P 500 to its fourth straight gain and another record high.

93. Oil giants lost billions as pandemic crushed demand for fuel - Friday, July 31, 2020

NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world.

94. Wall Street slides, but tech strength helps avert a big loss - Friday, July 31, 2020

NEW YORK (AP) — Most of Wall Street stumbled Thursday, but yet another rise for big technology stocks helped keep the market's losses in check.

The S&P 500 dropped 12.22 points, or 0.4%, to 3,246.22, with nearly three out of four stocks in the index falling. Among the hardest-hit were oil producers, banks and other companies that most need the economy to pull out of its recession. Treasury yields also sank in a sign of increased pessimism about the economy.

95. Most of Wall Street wilts amid worries on virus, economy - Friday, July 10, 2020

NEW YORK (AP) — Most of Wall Street wilted Thursday on worries that the economy's recent improvements may be set to fade as coronavirus cases keep climbing.

The S&P 500 lost 0.6%, with three in four stocks within the index falling. The sharpest drops hit oil companies, airlines and other stocks whose fortunes are most closely tied to a reopening and strengthening economy. Treasury yields also sank in another sign of increased caution.

96. Wall Street dips to week's first loss despite tech's efforts - Friday, May 1, 2020

Stocks fell on Wall Street Wednesday, sending the market to its first loss in three days, after more depressing data rolled in on the devastation sweeping the global economy.

The S&P 500 dropped 0.7%, and three out of four stocks in the index sank. But the market's losses would have been much worse if not for continued gains for technology stocks. Momentum for Microsoft, Apple and other tech stocks has proven to be nearly unstoppable this year, even in the face of the coronavirus pandemic, and more gains for them almost singlehandedly kept Wall Street steady for much of Wednesday's trading.

97. Exxon profits drop as most of world stays home, forgoes fuel - Friday, May 1, 2020

NEW YORK (AP) — Profits fell at Exxon Mobil during the first quarter as the global pandemic began to erode oil demand.

The Irving, Texas oil giant lost $610 million in the first quarter, down 126% from the same time last year, the company said Friday.

98. Stocks sink following grim data on economic hit from virus - Friday, April 10, 2020

NEW YORK (AP) — Selling swept Wall Street Wednesday after a dismal lineup of reports made clear how historic the coronavirus crunch has been for the economy.

Markets are already bracing for what's forecast to be the worst downturn since the Great Depression, but Wednesday's data was even more dispiriting than expected, including a record drop for U.S. retail sales. Adding to the gloom: More banks made moves in anticipation that households and companies will be forced to default on billions of dollars of debt as businesses remain shut and millions of workers lose their jobs.

99. Consumers get some breaks, but layoffs keep coming - Friday, April 3, 2020

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus.

100. Travel grinds to a halt, plants close as virus takes hold - Friday, March 13, 2020

The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world are pushing drastic countermeasures to help workers, particularly those who live paycheck to paycheck.