Saudis, Russians End Oil-Price War With Deep Output Cut [Yahoo! Finance News]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance News
) -- Saudi Arabia and Russia ended a devastating oil price war on Thursday, agreeing to slash output together with other members of the OPEC+ alliance in an effort to lift the market from a pandemic-driven collapse.The tentative deal came after strong pressure from U.S. President Donald Trump and American lawmakers, who fear thousands of job losses in the U.S. shale patch, not to mention Wall Street chaos. The price crash has also threatened the stability of oil-dependent nations and forced companies from Exxon Mobil Corp. to small independents to scale back spending.The Organization of Petroleum Exporting Countries and its allies, meeting by video conference, agreed to the outline of a deal to cut production by about 10 million barrels a day, delegates said, asking not to be identified ahead of an official statement. That reduction may continue for just two months, with the curbs subsequently tapering off depending on the evolution of the coronavirus.“Covid-19 is an unseen beast that
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XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- XOM's page on the SEC website