Oil

Exxon Mobil on Friday posted a 38% decline in quarterly profit as revenue slid more than expected amid the prolonged swoon in oil prices.

Exxon Mobil on Friday posted a 38% decline in quarterly profit as revenue slid more than expected amid the prolonged swoon in oil prices.

Chevron said its quarterly profit plunged 35% from a year earlier and revenue slid more than expected amid low oil prices.

Chevron said its quarterly profit plunged 35% from a year earlier and revenue slid more than expected amid low oil prices.

Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut.

Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut.

General Electric said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes on potential partnerships.

General Electric said on Thursday it was in discussion with the No. 3 oilfield services provider Baker Hughes on potential partnerships.

Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers.

Oil edged higher on Thursday, lifted by a reported drop in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as commitments from Gulf OPEC members assuaged lingering doubts in the market about cooperation from other producers.

A rally in Boeing's shares helped the Dow reverse course in the early afternoon session on Wednesday, while Apple continued to weigh on the Nasdaq and the S&P 500.

A rally in Boeing's shares helped the Dow reverse course in the early afternoon session on Wednesday, while Apple continued to weigh on the Nasdaq and the S&P 500.

Oil prices fell more than one percent on renewed concerns about a global supply glut.

Oil prices fell more than one percent on renewed concerns about a global supply glut.

Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises.

Oil edged up on Tuesday ahead of the release of U.S. crude inventory data, which in recent weeks has provided bullish surprises.

Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.

Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma.