Exxon boosts buybacks 14% as hunt for more oil accelerates
Exxon Mobil plans to raise share buybacks 14% as the oil giant accelerates crude production in the US Permian Basin, boosted by its $60 billion acquisition of Pioneer Natural Resources Co.
Darren Woods
Exxon CEO’s quest for mega deal is a bet on oil’s staying power
Exxon Mobil boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant.
Big Oil shows support for energy transition but on its own terms
The heads of Saudi Aramco and Exxon Mobil took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come.
Exxon CEO tells Europe to follow US approach to climate action
European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil chief executive officer Darren Woods said.
‘Private chefs, fine sculptures and paintings’: Exxon ditches executive ‘god pod’ in Houston HQ move
In moving its corporate HQ from Dallas to Houston, ExxonMobil will do away with its legendary plush executive suites.
Exxon blows out expectations as oil output climbs from new wells
Exxon Mobil posted its strongest-ever start to a year as oil production soars from new wells in the US and off the coast of South America.
Exxon aims for low-cost growth in five-year plan
ExxonMobil has set out plans to focus on high return, low cost projects in the Permian Basin, Guyana, Brazil and LNG internationally.
Update: Exxon, Chevron score record profits as markets convulse
Exxon Mobil and Chevron posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions and rising demand.
Big Oil’s big earners: CEO pay ranked
The CEO pay packets of Europe's oil supermajors continue to trail that of their American counterparts, as Energy Voice explores earnings amongst the sector’s top execs.
Exxon to hand Russian oil project stake to Rosneft, partners
Exxon Mobil plans to cede its stake in a Russian oil development to Kremlin-controlled Rosneft PJSC and other partners as sanctions make it harder to operate in the country.
Exxon reaps biggest profit since 2014 as energy prices rally
Exxon Mobil Corp. will boost spending on new oil wells and other projects by as much as 45% after posting the biggest profit in almost eight years amid a broad rally in energy prices.
ExxonMobil commits $15bn to GHG emissions reduction
The US-headquartered oil major will invest $15 billion in new and “aggressive” emissions reduction plans.
Exxon CEO apologises for lobbyist’s comments in leaked video
ExxonMobil’s chief executive Darren Woods says the company is “deeply apologetic” over comments caught on camera in a secret filming by Greenpeace that show one of the oil giant’s lobbyists saying a carbon tax the company has promoted for years is unlikely to happen.
Exxon prepares to cull US white-collar ranks
ExxonMobil is preparing to reduce headcount at its US offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.
ExxonMobil activist expands boardroom presence with third seat
ExxonMobil activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according to preliminary vote tallies, cementing a victory that has reverberated across the energy industry.
ExxonMobil CEO is dealt stinging setback at hands of new activist
ExxonMobil CEO Darren Woods was dealt a stunning defeat by shareholders when a tiny activist investment firm snagged at least two board seats and promised to push the crude driller to diversify beyond oil and fight climate change.
ExxonMobil activist battle turns climate angst into referendum on CEO
An unprecedented fight over who should sit on the board of ExxonMobil is turning into a referendum on chief executive Darren Woods as a decades-long struggle by climate campaigners comes to a head.
ExxonMobil to ‘significantly reduce spending’
ExxonMobil said today it would "significantly reduce spending" as a result of market conditions caused by the Covid-19 pandemic and commodity price decreases.
Exxon Mobil’s profit tumbled 30% in 2019, 5% in final quarter
Exxon Mobil recorded a $5.7 billion profit in the fourth quarter, off 5 percent from a year earlier because of weaker sales and pricing in its petrochemical and refining divisions.
ExxonMobil’s profits fall in third quarter
Exxon Mobil Corp. profits fell in the third quarter, the company reported Friday.
Exxon promotes Darren Woods to president
Exxon Mobil, the world's largest oil company, has promoted Darren Woods to president.