The downturn in petrochemicals continues to hit Europe hard, as two of the continent’s largest petrochemical makers—ExxonMobil and Sabic—disclosed their intention to shutter ethylene plants.

Higher energy prices in Europe have played a role in ExxonMobil Corp. and Sabic closing units making the plastic feedstock ethylene and some resins in that region. Houston-based ExxonMobil is ...

Dutch chemicals and materials group DSM and the Saudi Arabian Basic Industries Corporation (SABIC), the largest petrochemicals producer in the Middle East, have reached an agreement in principle ...

ExxonMobil has been paying down debt and reducing its interest expense. It can generate strong profits even at oil prices below current levels. Energy remains a great sector for value and income ...

SBM Offshore NV has secured contracts for the Whiptail development project in Guyana's Stabroek Block from ExxonMobil Guyana Limited (EMGL). Under the contracts, SBM Offshore will construct and ...

Bridget Bennett / Bloomberg via Getty Images ExxonMobil shares fell in early trading Friday as the company posted larger profit declines than analysts expected. Lower natural gas prices and ...

But two industry leaders, Chevron and ExxonMobil, are in the midst of a dispute. Investors seeking energy exposure have more diversified options to consider. You’re reading a free article with ...

KBR (NYSE:KBR) has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China.Under the terms of the contract, KBR will provide technology ...

Saudi Arabia’s top chemicals company reported a 62% drop in year-on-year profit as weak demand puts the industry under stress ...

Energy stocks have gone on a tear over the past two months, and ExxonMobil (NYSE: XOM) is one company benefiting. Oil prices have risen amid geopolitical conflicts in the Middle East, but is it ...

That is because ExxonMobil is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right ...