HOUSTON – Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake.
Russia’s attack on Ukraine has unleashed broad economic and political …
HOUSTON – A federal judge in Houston knocked $5.7 million off the fine Exxon Mobil Corp faces for pollution from its largest U.S. crude oil refinery, according to court documents.
U.S. District Judge David Hittner issued the ruling on …
HOUSTON -Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion.
loss, $20 billion cut in shale …
ExxonMobil Chairman and CEO Darren Woods warned that job cuts are coming for employees in the U.S. and Canada as part of an ongoing plan announced earlier this year to “redesign work processes and improve cost competitiveness.”
While …
Shareholder activists targeting Exxon Mobil Corp’s climate policies stepped up a campaign to split the chairman and chief executive’s roles ahead of the oil major’s shareholder meeting on Wednesday.
Unlike European rivals, Exxon faces little government pressure to curb …
LONDON – The list of parties at London’s International Petroleum Week, one of the world’s biggest oil industry gatherings, continues to shrink as hosts such as ExxonMobil and Azerbaijan’s SOCAR cancel events due to the coronavirus outbreak, trading sources …
ExxonMobil Fuels and Lubricants Co (ExxonMobil Fuels) had the highest crude oil refinery capacity under maintenance (both planned and unplanned) among all the refinery operators globally in 2019, according to GlobalData, a leading data and analytics company.
The …
Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States’ largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean.
Exxon Mobil, which made a …
From Reuters
Harris County, Texas sued Exxon Mobil Corp on Thursday over pollution from a fire a day earlier at the company’s Baytown Olefins Plant, according to an attorney for the county.
The fire was being investigated by federal and …
Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A) by the cities of San Francisco and Oakland.…
Hess Corporation (NYSE: HES) today announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block.
The well encountered approximately 256 feet (78 meters) …
In the past two days ExxonMobil Corporation (ticker: XOM), Chevron Corporation (ticker: CVX), and ConocoPhillips (ticker: COP) all reported second quarter earnings and gave operational updates.
ExxonMobil earned $3.4 billion in Q2, which brought the company’s earnings for the …
In its Payara reservoir, offshore of Guyana, ExxonMobil Corp. (ticker: XOM) discovered an additional accumulation of oil. The discovery increased ExxonMobil’s estimated oil in the Payara reservoir to 500 MMBOE, and the total estimated gross recoverable resource in the Stabroek …
ExxonMobil Corp. lambasted New York Attorney General Eric Schneiderman after he made what Exxon calls, “inflammatory, reckless, and false allegations,” regarding the manner in which the company evaluates the impact of global warming on its assets and operations.
The NY …
Tom Walters, president, ExxonMobil (ticker: XOM) Production Company, has announced his intention to retire from the company after …
