Exxon’s $1bn UK expansion to make its first diesel in 2024
Exxon Mobil will complete a $1 billion expansion of diesel production at its Fawley UK oil refinery next year, a key step in curbing the country’s reliance on imports.
Exxon Mobil
Exxon raises dividend after free cash flow soars more than expected
Exxon Mobil Corp. (NYSE: XOM) Exxon Mobil Corp. and Chevron Corp. posted disappointing profits amid weak performances by their oil-refining and chemical businesses.
US oil majors stay ahead of Europe as deals beat strategy pivot
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
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.
Exxon weighs chemicals output boost as EVs threaten gasoline use
Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace.
Exxon, Pioneer held preliminary talks over possible deal: WSJ
Oil giant Exxon Mobil (NYSE: XOM) has held preliminary talks with Pioneer Natural Resources over a possible acquisition of the fracking company, the Wall Street Journal reported, citing people with knowledge of the matter.
Big Oil’s divergent strategies leave European majors trading at large discounts
Values – according to the rather twee maxim - are like lighthouses; they give direction, meaning and purpose.
Exxon broke rules with late reporting of Permian methane leak
Exxon Mobil failed to initially report a release of the super-potent greenhouse gas methane in the Permian Basin that occurred in early February, violating state rules.
Exxon’s $59 Billion Profit Clouded by Buybacks Disappoinment
Exxon Mobil Corp. reaped a record $59 billion annual profit but disappointed some investors by holding the line on share buybacks.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Mossmorran man fears ‘harm will still be done’ despite flaring changes at plant
Plans to stop burning gas high in the sky above Mossmorran are little more than a public relations exercise, according to a community councillor living nearby.
Big Oil’s second-biggest profit haul poses ‘awkward’ problem
Big Oil’s run of record profit will suffer only a minor dent for the third quarter, even as the global economy shows signs of cracking under the pressure of rising inflation and interest rates.
Exxon takes legal action after Putin blocks final Russian exit
Exxon Mobil took the first step toward filing a lawsuit against Russia after Vladimir Putin blocked the oil major from exiting its only remaining operation in the country.
President Buhari approves Seplat purchase of Exxon’s Nigeria blocks
Nigerian President Muhammadu Buhari approved Seplat Energy's $1.28 billion purchase of Exxon Mobil’s shallow water business in the West African country, seemingly putting an end to efforts by the national oil company to block the deal.
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.
Texans asked to conserve electricity as grid nears the brink
Texas residents and businesses, including the biggest names in oil, autos and technology, are being asked to conserve electricity Monday afternoon during a heat wave that’s expected to push the state’s grid near its breaking point.
Activists blockade tanker outside Esso terminal in Norway in Russian oil protest
Activists from Greenpeace Nordic blocked a tanker moored in Norway, with the intention of preventing it from offloading Russian oil products at an Esso-owned terminal.
Oil operators take out injunctions after protests lead to more than 600 arrests
Several oil and gas firms have secured civil injunctions for their sites in a bid to curb a wave of protests aimed at terminals in England.
NSTA emphasises North Sea collaboration following NEO probe
The North Sea Transition Authority (NSTA) has advised licensees of their “obligation to collaborate effectively” following an investigation into the sale of Esso’s stake in the Elgin-Franklin platform to NEO Energy.
Exxon flags biggest profit in 13 years due to surging oil prices
Exxon Mobil signaled its highest profit since 2008 as Russia’s war in Ukraine upended global commodity markets.
Fire at Exxon Mobil refinery in Montana shuts down some units
A fire broke out at an Exxon Mobil refinery in Montana and was extinguished early Sunday, the company said, and the units involved have been shut while crews stabilize operations.
Big Oil should spend windfall billions on transition, not dividends, says former Wood Group CEO
Oil giants should spend their billions of windfall profits on transition, not shareholder returns, according to the former CEO of Wood Group.
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.
Big Oil Is pumping out cash as if $100 oil has already arrived
The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.
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.