ExxonMobil signed an MOU with Venezuela's PDVSA to explore upstream oil opportunities, signaling a potential re-entry following regulatory changes. CEO Darren Woods notes competitive advantages in hea
ExxonMobil signed a non-binding memorandum with Venezuela's PDVSA to explore upstream oil opportunities, signaling a potential return after exiting two decades ago. Future investment requires stable p
Former Pioneer CEO Scott Sheffield accuses ExxonMobil of betraying him during FTC review of their $60 billion merger, alleging CEO Darren Woods abandoned promised support for his board seat. Woods def
ExxonMobil is negotiating with Venezuela's government to re-enter the market and regain control of major heavy oil fields previously nationalized, aligning with US efforts to revive the nation's oil s
ExxonMobil unveiled its Borresin resin systems at the 2026 China International Composite Materials Exhibition, featuring EV battery and infrastructure solutions. The company also announced a new produ
ExxonMobil warns Kazakhstan's Tengiz oil field will peak soon and fall 40% by 2035 without investment. The company proposes an $80 billion Kashagan joint venture to offset declines, contingent on reso
ExxonMobil links an $80 billion joint venture to expand Kazakhstan's Kashagan oil field to resolving a $150 billion dispute with the government over lost revenue and fines.
ExxonMobil announced it has recouped its $55 billion investment in Guyana's Stabroek oil block, increasing future profit shares for the government and boosting consortium free cash flow. Production cu
ExxonMobil and QatarEnergy declared two offshore gas fields in Cyprus marketable under a deal with Nicosia, targeting up to 9 trillion cubic feet of reserves. Production is anticipated by 2033, aiming
ExxonMobil, Energean, and Helleniq Energy will commence exploratory gas drilling in Greece's Ionian Sea in February 2027, marking the country's first offshore exploration in 40 years. The project aims
ExxonMobil prematurely shut down its Mossmorran cracker, removing 830,000 metric tons of ethylene capacity ahead of schedule and driving February industry contract prices up by €15 per metric ton.
ExxonMobil has commenced operations at its third advanced recycling unit in Baytown, while a fourth Baytown unit and the first Beaumont facility are scheduled to start by late 2026.
ExxonMobil and Formosa halted Texas operations amid extreme cold, prompting unit closures at ExxonMobil's Baytown facility and driving methanol prices up on supply concerns.
ChemBrief