oil

Oil Prices Plunge 7% to One Year Low

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 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..

BP Reports Third-Quarter Earnings

BP Reports Third-Quarter Earnings

BP Plc. (NYSE: BP) reported on Tuesday that profit more than doubled in the third quarter, as strong oil prices put the Company on track to deliver record results this year.The British oil giant posted first-quarter underlying replacement cost profi..