ExxonMobil's annual Energy Outlook warns that persistent coal use will drive CO2 emissions to three times necessary levels by 2050, hindering climate goals. The report notes slowed adoption of carbon
ExxonMobil plans to automate half its Permian Basin rig fleet by 2028 to enhance safety and efficiency, aiming to increase production to 2.5 million barrels per day by 2030.
German authorities revoked carbon credits from 30 projects, including one acquired by ExxonMobil, citing overstated environmental impacts. Energy firms must compensate for the shortfall as the UER mar
ExxonMobil reaffirms investment commitments in the Middle East despite losing 500,000 barrels per day in production due to regional conflict affecting UAE and Qatar operations.
Drone attacks damaged an Exxon-chartered tanker near Russia's Black Sea CPC terminal, halting loading operations and evacuating crew amid escalating regional shipping conflicts.
ExxonMobil and partners plan a $1 billion investment in Nigeria's Usan Infill Project, targeting 40,000 barrels per day of new oil production. Regulators confirm this marks the company's return to dri
The U.S. Supreme Court ruled in favor of ExxonMobil, allowing it to pursue compensation from Cuba for seized oil and gas assets under the Helms-Burton Act. The decision removes sovereign immunity defe
Exxon CEO Darren Woods warned that export bans and price caps imposed by China and Russia will exacerbate global energy supply shortages amid the Middle East conflict. Such policies hinder market reco
Venezuela's interim president sparked diplomatic friction by wearing a map pin claiming Guyana's Essequibo region, intensifying a border dispute critical to offshore oil operations by ExxonMobil ahead
ExxonMobil withdrew offers for two initial LNG cargoes from its Golden Pass plant as operations run at one-third capacity. The $10 billion joint venture faces delays and currently lacks long-term expo
Amid Middle East tensions disrupting global shipping, ExxonMobil shipped 600,000 barrels of gasoline from the US Gulf to Australia for the first time. Analysts indicate this cross-ocean trade may lack
ExxonMobil prematurely closed its 830,000-ton/year ethylene plant in Scotland ahead of schedule, impacting European supply as part of its global asset optimization strategy.
ExxonMobil's chemical products segment adjusted earnings dropped to $11 million from $515 million in the prior period due to shrinking margins.
ExxonMobil plans to permanently shut down its Mossmorran ethylene plant in the UK by February 2026, citing high costs and difficult market conditions.
ChemBrief