Exxon Mobil is putting some of its offshore Australian assets up for sale as it continues to consider selling off many of its mature offshore assets around the world - from the Gulf of Mexico to the North Sea.
Oil and gas companies face an increasing risk of government investigations and significant financial penalties if they do not take appropriate steps to comply with international sanctions measures.
Exxon Mobil is reportedly finalizing the sale of its Norwegian North Sea assets to a Norway firm backed by Italy's Eni and private equity funding for about $4 billion (£3.2bn), according to Reuters and Norwegian media.
A US court has ruled in favour of Nigerian National Petroleum Corp. (NNPC), dismissing ExxonMobil-led claims that sought to extract $1.799 billion plus interest.
US oil and gas giant ExxonMobil has said it will look to "explore" the carbon capture and storage (CCS) through a new agreement with a chemical and engineering firm.
Exxon Mobil is investing in a new carbon-capture technology firm that aims to economically suck emissions out of the sky near power plants and other large industrial sources.
One of Exxon Mobil Corp.‘s largest shareholders, Legal & General Group Plc, has divested 19 of its funds from the company and will ask its clients if it can withdraw more money, saying the oil and gas producer isn’t adequately addressing climate change.
Exxon Mobil beat back mounting pressure to split the chairman and chief executive positions, and dismantle a structure that dates back decades and has seen the explorer through oil embargoes, war, currency crises and nationalisations.
Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc.