Exxon Mobil shares surge to record intraday high
Cars are seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly HOUSTON, Oct 21 (Reuters) – Exxon Mobil Corp (XOM.N) shares passed Continue Reading
Russia Wipes Out Exxon’s Stake in Sakhalin Oil-and-Gas Project
Share As the West tries to move away from Russian energy sources and imposes sanctions on Moscow, China and India have stepped in to fill the gap. WSJ examines how Continue Reading
Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture
The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing. Illustration: Saratta Chuengsatiansup for Bloomberg Businessweek Shortly after Exxon Mobil Continue Reading
Exxon signals strong Q3 earnings on natural gas pricing
Exxon Mobil Corp (XOM.N) on Tuesday signaled strong third quarter operating profits on the heels of the prior quarter’s all-time high as earnings from natural gas offset weaker refining and Continue Reading
Exxon, Shell sell California oil assets for $4 billion to IKAV
Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long Continue Reading
Exxon Second Quarter Earnings Now Stand As Company Record
ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Bn. A record quarter for the company. U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Continue Reading
Exxon Second Quarter Earnings Now Stand As Company Record
ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Bn. A record quarter for the company. U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Continue Reading
Exxon Sees $5.5 Billion Refining Windfall as Gas Prices Soar
Exxon Mobil Corp. ’s second-quarter refining earnings surged by as much as $5.5 billion, signaling a season of windfall profits for the fuel-making sector as consumers bear the burden of Continue Reading
Exxon Says Quarterly Profit Could Hit $18 Billion
Exxon Mobil Corp. is forecasting banner second-quarter earnings that could come in as high as about $18 billion, largely on higher oil-refining margins and rising prices for oil, natural gas Continue Reading
Exxon about to shut down French Fos refinery due to strike
Exxon Mobil (XOM.N) said on Friday that a strike by workers over pay was forcing it to gradually shut down operations at its Fos refinery plant in southern France. “We Continue Reading
ExxonMobil CEO says oil and gas markets may be tight for 3 to 5 more years
Highlights ExxonMobil wins part of Qatar LNG expansion Kuwait can increase oil output: KPC CEO Underinvestment causing high prices: Qatar’s Kaabi Oil and gas markets may be tight for another Continue Reading
ExxonMobil Made More Money Than God This Year
‘We’re going to make sure that everybody knows Exxon’s profits’. ExxonMobil made more money than God this year. That’s what U.S. President Joe Biden said on June 10 in White Continue Reading
ExxonMobil Selling Shale Assets for $750MM
The transaction is expected to close in the second quarter of this year. ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale Continue Reading
Exxon Neftegas declares force majeure at Russian Sakhalin 1 project
ExxonMobil continuing efforts to exit project Russian crude trading at significant discounts ExxonMobil’s Russian subsidiary Exxon Neftegas has declared force majeure for its Sakhalin 1 project, a spokesperson told S&P Continue Reading
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
Exxon’s $8 Billion Bet On Brazil Is Paying Off
Brazil is looking to fill part of the supply gap caused by sanctions on Russia over its invasion of Ukraine. Despite a miss on Exxon’s recent exploration push, Brazil’s oil Continue Reading
Exxon Mobil gets Guyana’s approval for fourth offshore oil project
Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country’s Environmental Protection Agency. The permit will Continue Reading
Exxon’s Bank in Russia Among Those Hit by Sanctions Over Ukraine
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people Continue Reading
ExxonMobil leans on Permian, Guyana for major production growth
Launching Baytown carbon capture, hydrogen project Proceeding with Gulf Coast Permian processing project ExxonMobil sees production volumes from the Permian Basin and offshore Guyana potentially combining for close to 2 Continue Reading
Exxon plans hydrogen and carbon-capture/storage plant near Houston
Exxon Mobil Corp. (XOM.N) on Tuesday said it plans a hydrogen production plant and a carbon capture and storage (CCS) project at its Baytown refinery near Houston, Texas, an effort Continue Reading
Exxon to exit Russia, leaving $4 bln in assets, Sakhalin LNG project in doubt
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result Continue Reading
Exxon’s Bank in Russia Among Those Hit by Sanctions Over Ukraine
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people Continue Reading
Exxon, Chevron Hit Gushers of Cash as Big Oil Companies Lure Back Investors
Your browser does not support HTML5 video. Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will Continue Reading
Exxon to Move Headquarters to Houston
Exxon Mobil Corp. XOM 0.90% is moving its corporate headquarters from Irving, Texas, to Houston as part of a business reorganization that the company said will be completed by 2023. The reorganization will create Continue Reading
ExxonMobil aims for net zero greenhouse emissions from operations by 2050
ExxonMobil, which has been under pressure to slash its carbon footprint, has committed to net zero greenhouse gas emissions from its operations by 2050. In a report released Tuesday, the oil giant Continue Reading
Exxon plans to shut Baytown, Texas, crude unit by late next week -sources
Exxon Mobil Corp (XOM.N) plans to shut the second-largest crude distillation unit (CDU) at its 560,500 barrel-per-day (bpd) Baytown, Texas, refinery by late next week, sources familiar with plant operations Continue Reading
Exxon Makes Satellite Methane Emission Detection Deal
The agreement has the potential to redefine methane detection and mitigation efforts. ExxonMobil has announced that it has agreed to work with Scepter Inc to deploy advanced satellite technology and Continue Reading
Exxon’s New CFO Takes On Debt Reduction, Spending Plans – WSJ
Exxon Mobil Corp. is looking to further reduce its debt, evaluating sustainability-linked financing instruments and preparing for potential new climate-related disclosure requirements, finance chief Kathryn Mikells said. “We’re very focused on paying Continue Reading
Investor Group to Hit Exxon on Climate Following U.S. Success
Investor group Follow This plans to file climate resolutions with Exxon Mobil Corp. and Marathon Petroleum Corp. for the first time, following up on shareholder support at other U.S. companies Continue Reading
Exclusive: Exxon launches sale of shale gas properties in Texas
Exxon Mobil (XOM.N) on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuffling Continue Reading
Exxon Employees Won’t See Big Pay Raise Despite Jump In Profits
Report: Exxon’s coming pay raises for employees will come in below inflation Salaries are going to rise about 3.6% for employees who deserve the merit-based raises The largest increases are Continue Reading
Exxon Plans Below Inflation USA Pay Raises
Exxon’s salary raises come after a difficult two-year period for the company and its employees. Exxon Mobil Corp. will award most U.S. employees below-inflation pay increases in early 2022 despite Continue Reading
Exxon to hold spending at $20 billion to $25 billion through 2027
Exxon Mobil (XOM.N) on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for Continue Reading
ExxonMobil declares new goals for carbon emissions per barrel
ExxonMobil has broadened goals to reduce the amount of carbon dioxide released with each barrel of oil it pumps, applying them across company operations but avoiding deeper emissions cuts endorsed Continue Reading
Exxon Puts Shale Gas Assets Up For Sale
Exxon has put up for sale natural gas assets in the Barnett Shale in Texas, Reuters has reported , citing a confirmation of the news by the company. The assets Continue Reading
Exxon warns some assets may be at risk for impairment due to climate change -filing
Exxon Mobil Corp (XOM.N) on Wednesday said for the first time some of its oil and gas properties may face impairment due to climate change, according to a securities filing. Continue Reading
Exxon posts strongest results since 2017, vows to resume share buybacks
Exxon Mobil Corp on Friday pledged to revive its long-dormant share repurchase program next year, bolstered by a jump in profit and improved cash flow in the third quarter as Continue Reading
Exxon Is By Far The Best Bet On Guyana’s Offshore Oil Boom
Exxon’s operations offshore Guyana are proving to be highly profitable Breakeven costs for its projects are expected to drop from $35 per barrel to $25 per barrel, an industry low Continue Reading
Exxon Expected To Hike Salaries To Keep Talent On Board
Former Exxon executives and staffers have found their way to hire-hungry tech names like Amazon and Microsoft as a result of the cuts The company is in the midst of Continue Reading
Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects
Exxon Mobil Corp.’s XOM 0.55% remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy landscape, according Continue Reading
Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects
Facilities in an oil sands project near Fort McMurray, Alberta. Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as Continue Reading
Engine No.1’s Grancio Says Drop in Exxon Output Is ‘Meaningful’
Activist fund Engine No. 1 says Exxon Mobil Corp. has reduced oil and gas production in a “meaningful” way since the beginning of its successful proxy campaign last year. Engine Continue Reading
Exxon’s Russian JV to invest $5 bln over 5 yrs -Ifx cites official
Exxon Neftegas Limited (ENL), the operator of Russia’s Sakhalin-1 oil and gas project, plans to invest $5 billion in the next five years to stem a decline in oil production, Continue Reading
Why Chevron And Exxon Shun Solar And Wind
The world’s largest oil companies are under growing pressure from shareholders and society to reduce emissions and show efforts to fight the worst effects of climate change. Everyone in the Continue Reading
Exxon, Chevron conceal payments to some governments -watchdog
U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body Continue Reading
Exxon to Have Gas Graded for Methane Leaks Amid Climate Push
Exxon Mobil Corp. will offer some of its Permian Basin shale gas for certification by a nonprofit that assesses methane leaks, a move that comes as the oil industry faces Continue Reading
Exxon suspended from climate advocacy group it helped form
Exxon Mobil Corp (XOM.N) was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday. The move comes Continue Reading
Exxon Considers Pledging ‘Net Zero’ Carbon by 2050
Exxon XOM 0.63% Mobil Corp. is considering a pledge to reduce its net carbon emissions to zero by 2050, according to people familiar with the matter, in what would amount to a significant Continue Reading
Exxon’s Falling Production Is Highly Bullish For Oil Prices
Last week, ExxonMobil (NYSE:XOM) reported Q 2 2021 earnings in one of Big Oil’s most anticipated scorecards this earnings season. The United States’ largest oil and gas company posted stellar Continue Reading
Exxon profit tops estimates on boost from chemicals, oil prices
Exxon Mobil (XOM.N) on Friday posted its biggest quarterly profit in more than a year that also sailed past analysts’ estimates, boosted by higher oil prices and record earnings at Continue Reading