• ExxonMobil Corp. on Friday missed analysts’ estimates with a 28% yearon- year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings of $8.22 billion, or $2.06 per share, compared to an $11.43 billion net profit a year ago.

From staff reports A new report from the Federal Reserve Bank of Kansas City stated that manufacturing activity in the Tenth District which includes Oklahoma fell again in April. Chad Wilkerson, senior vice president at the bank, said based on the survey of companies in the region, it appears expectations for future activity remained flat.

OKLAHOMA CITY – Awaiting a Federal Trade Commission review of its proposed more than $7 billion merger with Southwestern Energy, Chesapeake Energy is moving ahead with its annual shareholders meeting.

OKLAHOMA CITY – Led by Georgia Republican Congressman Andrew Clyde, some 30 House Republican Representatives are going after President Joe Biden’s latest regulations to put gas-powered vehicles out of business.

The nation’s number of active oil and gas rigs dropped by six in the past week, reported Baker Hughes Co. The count dropped to 613 while Oklahoma held stead with 44 active rigs, still down from the 59 reported a year earlier.

Oklahoma Gov. Kevin Stitt was among 25 Republican governors who wrote the White House this week asking the president to remove his freeze on permits for LNG export projects.

From staff reports STILLWATER – Oklahoma State University Cooperative Extension Beef Cattle Specialist and doctor of veterinary medicine Rosslyn Biggs recently outlined the effects of natural disaster responses.

From staff reports STILLWATER – An Oklahoma State University Livestock Market Economist analyzed the recently released April Cattle on Feed Report, which indicates a decrease in cattle feed-lot placements and marketings.

From staff reports OKLAHOMA CITY – Oklahoma Wheat Commission’s Mike Schulte recently gave an update on the Sooner State’s wheat crop. “I would say this year, in some ways, is mirroring what we saw last year.” Schulte said.