ExxonMobil Archives - Oil & Gas 360

ExxonMobil, ConocoPhillips negotiate possible Venezuela comeback

May 27, 2026

(World Oil) – ExxonMobil and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago. Both companies are in active negotiations with President Delcy Rodríguez’s government about tapping Venezuela’s vast oil reserves. While they’ve recently said Venezuela has more work to do on

Guyana, going from frontier to global oil force

May 6, 2026

(By Oil & Gas 360) – A decade ago, Guyana wasn’t part of the global oil conversation. Today, it’s one of the most important new sources of supply in the world. Few countries have moved from discovery to production as quickly or as successfully. What started as a high-risk exploration play has become a case study in how modern oil development can

Namibia vs. Guyana: The new oil frontier showdown

April 24, 2026

(By Oil & Gas 360) – Two countries. Two frontier basins. Two very different stages of the same story. Guyana and Namibia are now central to the next wave of global oil supply. Both have delivered major discoveries, attracted the world’s largest oil companies, and reshaped the flow of capital into frontier exploration. But beyond the surface similarities, they represent very

Trump’s energy leaders to hold call with CEOs on Iran war, source says

April 17, 2026

(BOE Report) – The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath of Russia’s

Exxon output drops 6% as Middle East war disrupts Gulf operations

April 9, 2026

(World Oil) – ExxonMobil lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf. Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by

Exxon output drops 6% as Middle East war disrupts Gulf operations

April 8, 2026

(Oil Price) – ExxonMobil lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf. Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by

ExxonMobil, Halliburton deploy closed-loop automated drilling in Guyana

March 16, 2026

(World Oil) – ExxonMobil and Halliburton have completed what the companies describe as the industry’s first fully automated closed-loop geological well placement system during offshore drilling operations in Guyana. The project integrated rig automation, automated subsurface interpretation and geosteering, and real-time drilling optimization into a single digital workflow designed to improve well placement accuracy and operational efficiency. Halliburton deployed its LOGIX™ orchestration platform alongside

ExxonMobil Analyst Day 2026: Continuity, Sharpened Targets, and a Higher Bar for “Advantaged” Growth

March 10, 2026

(Oil & Gas 360) By Greg Barnett, MBA ExxonMobil’s February 2026 Analyst Day did not represent a strategic pivot. Instead, it formalized and sharpened themes that management has consistently articulated across recent earnings calls, particularly 4Q23 and 4Q25: execution excellence, advantaged upstream growth, structural cost reductions, and disciplined capital allocation. The key evolution was not direction, but quantification. On the

ExxonMobil looks to align its legal home with Texas operations

March 10, 2026

(World Oil) – Exxon Mobil Corp.’s board of directors has unanimously recommended that shareholders approve relocating the company’s legal domicile from New Jersey to Texas, aligning its corporate structure with operations that have been based in Texas for decades. The proposed move would not affect ExxonMobil’s business operations, strategy, assets, or workforce locations, the company said. ExxonMobil relocated its headquarters to

Supreme Court to rule on Exxon’s $1 billion Cuba assets claim

February 23, 2026

(Oil Price) – The U.S. Supreme Court will be hearing on Monday arguments by ExxonMobil, backed by the Trump Administration, about the scope of a law allowing American companies to claim damages for seized assets in Cuba. U.S. supermajor Exxon is seeking compensation upwards of $1 billion for assets seized by the Cuban government in 1960. At the time of the confiscation of

Exxon affiliate Imperial to end Canada’s Norman Wells oil production in 2026

February 2, 2026

(World Oil) – Imperial, a majority-owned affiliate of ExxonMobil, said it will end hydrocarbon production at its Norman Wells operations in Canada’s Northwest Territories in the third quarter of 2026, as the field reaches the end of its productive life. The decision follows continued production decline at the century-old asset, which includes producing wells located on natural and artificial islands in the Mackenzie River

Exxon beats Wall Street profit targets with help from higher production, refining

January 30, 2026

(BOE Report) – Exxon Mobil beat Wall Street targets in fourth-quarter earnings reported on Friday, with higher oil production in profitable Permian Basin and Guyana assets helping to boost the No. 1 U.S. oil producer’s results. Adjusted earnings for the October to December quarter were $1.71 per share, beating a consensus estimate of $1.68 per share from analyst data compiled by

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