Bloomberg Exxon Mobil Corp. plans to reduce the cost of pumping oil in the Permian to about $15 a barrel, a level only seen in the giant oil fields of the Middle East. The scale of Exxon’s drilling means that it can spread its costs over such a big operation that the basin will become competitive with almost anywhere in ...

Bloomberg Even after losing a third of its market value over the past year, Mylan NV hasn’t been able to win back investors. “This is a name where sentiment is really, really bad,” Evercore ISI analyst Umer Raffat told clients, after visiting with investors. Raffat was quick to defend the stock in light of the feedback, reiterating his bullish stance. ...

Bloomberg Sales of previously owned US homes rebounded in February to fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilising after last year’s slump. Contract closings increased 11.8 percent, the most since 2015, from January’s pace to a 5.51 million annual rate, the ...