Exxon Mobil

Ticker XOM

Today's data summary

Market open
% change
-1.93%
Price US dollars
81.77
Change
-1.61
As of 20:17 24 Apr 2019
Market cap. US dollars
346,098.66 million
As of 20:17 24 Apr 2019

Latest updates

Exxon Mobil discovers natural gas in Cyprus

An ExxonMobil offshore rig
ExxonMobil

US oil giant Exxon Mobil has announced that it has made a natural gas discovery in offshore Cyprus.

The find could represent natural gas resources of between 5-8 trillion cubic feet.

Exxon Mobile jumps

Mobile sign
Reuters

Shares in Exxon Mobile are up 4%.

While its fourth-quarter income fell to $6bn (£4.45bn), from $8.4bn a year earlier, its profits were up to $6.4bn from $3.7bn a year ago.

Good morning!

Welcome to Business Live and a very cold, snowy morning.

Today, we'll get the first indication of how the UK economy has performed so far in 2019 when IHS Markit releases its Purchasing Managers' Index (PMI) for manufacturing in January.

In the US, new data will be released on non-farm payrolls which is expected to show American firms created around 183,000 jobs last month from 312,000 in December.

TSB - home of last year's IT fiasco - and TalkTalk will provide their latest financials.

And the US earnings season continues with oil giants Chevron and ExxonMobil set to publish their results.

As always, we'd love to hear from you. Email Business Live at bizlivepage@bbc.co.uk

Exxon profits jump

Exxon sign
Getty Images

Exxon Mobil has reported a better than expected quarterly profit on the back of higher oil and natural gas prices despite a fall in production volumes.

The oil giant said third-quarter net profit was $6.2bn, up from almost $4bn for the same period last year.

Revenues were up a quarter to $76.6bn.