Exxon Hits the Brakes on Permian After Virus Pummels Oil
It’s one of the first signs that the majors are throttling back on production in response to the recent price slump. (Bloomberg) — Exxon Mobil Corp. is slowing the pace Continue Reading
Exxon outlines its steps to reduce harmful methane emissions
Exxon Mobil on Tuesday outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate Continue Reading
Pressure is on Exxon and Chevron after BP makes major climate pledge
The biggest British petroleum producer just set one of the most ambitious climate goals of any major multinational oil-and-gas company. Now the pressure is on its American counterparts to do Continue Reading
Exxon: An Oil Giant In Crisis
Goldman Sachs downgraded ExxonMobil’s shares to Sell from Neutral, following another disappointing quarter. Exxon reported a drop in profits on Friday for the fourth quarter, weighed down by a deterioration Continue Reading
Exxon’s Earnings Slump On Poor Petrochemical, Refining Results
ExxonMobil (NYSE: XOM) reported on Friday fourth-quarter earnings down from a year earlier, as lower natural gas prices and weak chemical and refining margins were not enough to offset cash Continue Reading
Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
ExxonMobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks after Exxon said it had secured Continue Reading
Does Exxon Know Something About Biofuel That Its Peers Don’t?
Oilprice has been reporting on the long, drawn-out death of the dream of algal biofuel for years . A field once crowded with startups and hyperbolic promises of industry disruption Continue Reading
Exxon Prepares Sale Of UK, German Oil & Gas Assets
As part of its global program to sell assets, ExxonMobil is about to launch a process to sell its upstream oil and gas operations in the UK and Germany, Bloomberg Continue Reading
Massive Strikes In France Block Exxon Oil Refinery
Exxon’s refinery at Fos-sur-Mer in France was blocked by a strike of union workers on Tuesday as part of a massive French strike against a proposed pension reform, and shipments Continue Reading
Why Exxon Won’t Have To Pay Fine For Dealing With Rosneft
Exxon won’t have to pay a $3-million fine the U.S. Treasury Department imposed on the supermajor for doing business with Rosneft amid a growing load of U.S. sanctions against Russia. Continue Reading
ExxonMobil expands upstream footprint in Egypt with two offshore blocks
Oil company ExxonMobil has expanded its upstream acreage in Egypt after it acquired two offshore blocks, boosting its footprint in the gas-rich Eastern Mediterranean basin. Receive daily email alerts, subscriber Continue Reading
Will The Exxon Ruling Impact Future Climate Cases?
As I explained last month in Exxon Knew. Did They, Though? , perceptions outside of an oil company are often at odds with what is happening inside the company. I Continue Reading
Revealing The True Extent Of Exxon’s Natural Gas Blow Out
A natural gas well operated by Exxon that blew out in 2018 released a lot more methane than previously believed, a study by a team of U.S. and Dutch scientists Continue Reading