Exxon Mobil

InterOil sale to Exxon halted by Canadian court

In July, Exxon agreed to buy out InterOil for $US2.5 billion in a deal approved last month by Supreme Court of Yukon in Canada where the natural gas producer is incorporated.

However the court has now upheld an appeal against the sale, filed by the founder of InterOil Phil Mulacek.

Mr Mulacek has objected to the sale terms, saying it did not properly remunerate InterOil shareholders.

The company owns a 36.5 percent stake in large PNG's Elk-Antelope gas field, which is operated by French energy giant Total.

A sluggish start for US stocks following a rough quarter

KEEPING SCORE: The Standard & Poor's 500 index slipped seven points, or 0.4 percent, to 1,912 as of 10:04 a.m. Eastern time. The Dow Jones industrial average slid 69 points, or 0.4 percent, to 16,212, and the Nasdaq composite fell 36 points, or 0.8 percent, to 4,583.

Energy stocks rise sharply as price of oil spikes

The price of oil jumped almost 6 percent Wednesday following a drop in crude inventories last week that was much steeper than analysts were expecting.

Chevron and Exxon Mobil were among the biggest gainers in the Dow Jones industrial average.

Anheuser-Busch InBev jumped 7 percent after the company made a takeover approach to SABMiller, the owner of Miller and Peroni. Other beer makers also rose.

US stocks drop, led by fall in energy stocks

Oil fell to the lowest level since March Monday as traders worried about signs of weak demand and increasing supplies.

Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average.

Investors were also watching company earnings. Tyson Foods slumped 10 percent after cutting its outlook for the year.

The Dow lost 91 points, or 0.5 percent, to 17,598.

US stocks end lower as energy stocks slump on earnings

The Standard & Poor's 500 fell four points, or 0.2 percent, to 2,103 on Friday.

The Dow Jones industrial average dropped 55 points, or 0.3 percent, to 17,690. The Nasdaq was little changed 5,128.

Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, fell roughly 5 percent each after both companies reported slumping profits.