Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to continue spending sparingly to boost production despite higher commodity prices. Continue Reading
Surging prices for plastics are likely to help Exxon’s petrochemicals division post record-high earnings this week when the company reports its earnings. Items like flooring, roofing and packaging all saw Continue Reading
Exxon Mobil Corp’s (XOM.N) new chief financial officer Kathyrn Mikells is the first woman and external hire to join the oil major’s management committee, as energy firms search to diversify Continue Reading
Exxon Mobil (XOM.N) has signed a memorandum of understanding to participate in a carbon capture and storage (CCS) project in Scotland, the U.S. oil and gas producer said on Friday. Continue Reading
Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N) , four people familiar with the talks told Reuters. Continue Reading
On the day the little investment firm Engine No. 1 would learn the outcome of its proxy battle at Exxon Mobil, its office in San Francisco still didn’t have furniture. Continue Reading
Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system Continue Reading
Exxon Mobil Corp (XOM.N) plans to invest $240 million to expand the crude slate and improve pollution control at its 502,500 barrel-per-day refinery in Baton Rouge, Louisiana, said the state’s Continue Reading
The recent overhaul of Exxon Mobil Corp’s (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, Continue Reading
Exxon Mobil’s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has Continue Reading
