Post Tagged with: "Exxon"

Source: Reuters

Exxon faces $2 bln loss on sale of troubled California oil properties

BOE Report


Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill

 

The sale comes …

Source: Reuters

Oil majors expect Permian production growth to slow

Oil Price


Two Big Oil majors have said they expect oil production in the Permian to rise by less than they had initially planned this year, suggesting industry problems are indeed serious enough to hold back production growth in the …

Source: Oil Price

Exxon makes more oil and gas discoveries offshore guyana

Oil Price


U.S. oil and gas major Exxon Mobil (NYSE: XOM) has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, bringing discoveries on the block to …

Source: World Oil

Exxon taking legal action after Putin blocks final Russian exit

World Oil


(Bloomberg) — Exxon Mobil Corp. 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.

 

 

Exxon has been trying to …

EXCLUSIVE-Exxon to sell Arkansas shale gas assets to Flywheel Energy

EXCLUSIVE-Exxon to sell Arkansas shale gas assets to Flywheel Energy

Nasdaq


Exxon Mobil Corp XOM.N has reached an agreement with Flywheel Energy to sell to the closely held U.S. oil and gas producer natural gas properties in Arkansas, an Exxon spokesperson confirmed on Friday. The sale of Exxon’s Fayetteville Shale …

Source: Bloomberg

Buhari’s Exxon sale flip-flop could discourage investment in Nigeria’s oil production

World Oil


(Bloomberg) — Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector.

 

A $1.28 billion …

Source: Reuters

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

US News


The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

The U.S.

Source: World Oil

Exxon blocked from selling Nigeria oil assets to Seplat Energy

World  Oil


(Bloomberg) — Nigeria’s state energy company won a court decision temporarily blocking Exxon Mobil Corp. from selling assets in the country to Seplat Energy Plc.

A judge in the capital, Abuja, granted the Nigerian National Petroleum Co. an …

Source: Reuters

Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources

Yahoo Finance


HOUSTON – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the

Source: Reuters

Exxon shareholders back board and vote no to faster carbon emission cuts

Nasdaq


HOUSTON- Exxon Mobil Corp XOM.N shareholders on Wednesday backed the energy company’s climate strategy, voting against supporting a resolution filed by activist group Follow This urging faster action to battle climate change.

Shareholders approved, in the preliminary voting session, …

Source: World Oil

Shell joins Exxon with $1 billion Brazil exploration setback

World Oil


(Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center.

In the past three years, Shell has …

Source: Reuters

Exxon earnings hurt by Russia exit, triples buybacks on high oil prices

Yahoo Finance


Exxon Mobil Corp. and Chevron Corp. pledged to ramp up shareholder returns as crude oil and natural gas prices surged to multi-year highs following Russia’s invasion of Ukraine.

Despite pleas from politicians to ease the burden on consumers, …

Source: Reuters

Exxon sees up to $4 billion writedown on Russian departure

World Oil


(Bloomberg) — Exxon Mobil Corp. expects to take a writedown of as much as $4 billion on the Sakhalin-1 oil development in Russia as the company attempts to exit the operation following the invasion of Ukraine.

“As operator …

Source: Reuters

Exxon drills dry hole in setback to Brazilian oil exploration

World Oil


(Bloomberg) — Exxon Mobil Corp. drilled a so-called dry hole off the Brazilian coast, a rare setback in the oil titan’s effort to expand its South American crude reserves.

 

The Cutthroat exploratory well failed to find significant …

Source: World Oil

Exxon weighs Bakken asset sale after getting interest

World Oil


(Bloomberg) — Exxon Mobil Corp. is considering a sale of assets in North Dakota’s Bakken shale after being approached by interested parties, according to people with knowledge of the matter.

The oil giant could get about $5 billion …

Source: Bloomberg

Exxon to hand Russian oil-project stake to Rosneft, partners

World Oil


Source: Bloomberg

Exxon joins Chevron in Permian oil surge as peers preach caution

World Oil


Source: Reuters

Exxon to accelerate buybacks after biggest profit since 2014

World Oil


(Bloomberg) — Exxon Mobil Corp. will accelerate the pace of a $10 billion share buyback after posting the biggest profit in almost eight years amid a broad rally in energy prices.

Net income adjusted for one-time items was …

Source: Reuters

Exxon posts biggest profit in seven years on high oil prices

Yahoo Finance


HOUSTON -Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.

The company slashed spending after fuel demand cratered two …

Source: Reuters

Exxon to move HQ to Houston, merge refining and chemicals

World Oil


(Bloomberg) — Exxon Mobil Corp. will relocate its corporate headquarters to the Houston area from suburban Dallas and combine its chemical and refining divisions in a major shake-up aimed at reducing costs.

The oil giant’s top executives, who …

Source: Oil Now

Exxon announces ambitious plans for net zero emissions by 2050

Oil Now


ExxonMobil on Tuesday announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets.

The net-zero ambition is contained …

Source: Oil Now

Low-carbon operations will become key asset, Exxon out front with tech

Oil Now


Carbon capture and storage, (CCS) clean hydrogen and floating offshore wind are all low-carbon technologies that are on the cusp of mass commercialisation and where the oil and gas sector could achieve leadership and massive scale. Keen to …

Source: Oil Now

Exxon says technology, global experience delivering unprecedented success in Guyana

Oil Now


“This is not normal.” This is how the unprecedented success ExxonMobil has been having offshore Guyana is being described by head of its operations in the South American country, Alistair Routledge.

“We reached the huge milestone of declaring …

January 6, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Technology
Source: Oil Now

BREAKING: Guyana scores big again as Exxon hits two more discoveries

Oil Now


ExxonMobil and the Government of Guyana today announced two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

 

The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The …

Source: Reuters

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

World Oil


(Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister.

Iraq wants a U.S. …

Source: World Oil

Exxon receives first oil from Biden’s strategic reserve release

World Oil


(Bloomberg) –The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp.

The company will receive 4.8 million barrels of oil from the Strategic Petroleum Reserve as part …

Source: World Oil

Exxon bids on 94 shallow-water plots in latest Gulf of Mexico leasing round

World Oil


HOUSTON (Bloomberg) – Exxon Mobil Corp. submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor.

The oil explorer faced …

November 18, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Exxon CEO weighs higher pay to combat employee exodus

World Oil


HOUSTON (Bloomberg) –Exxon Mobil Corp. is weighing salary increases as it tries to halt employee attrition across its business divisions after sweeping job and benefit cuts.

Chief Executive Officer Darren Woods told employees at a town hall-style meeting …

Source: Reuters

Chevron, Exxon, Valero, others win bids for planned U.S. SPR sale

Reuters


WASHINGTON – The U.S. government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy …

Source: Reuters

Exxon to begin certifying some shale gas emissions amid investor pressure

Reuters


HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers.

The largest …