43 articles
Exxon Mobil's Joliet refinery remains offline after floodwater overwhelmed a pump following a power outage, disrupting fuel supply to the U.S. Midwest. The incident occurs amidst a tight global fuel m
Exxon Mobil's 264,000-barrel-per-day Joliet refinery experienced a power outage triggering a safety flare on Sunday. The disruption occurs amid tight global fuel markets, potentially exacerbating pric
Exxon Mobil raised its 2030 LNG sales forecast to 50 million tons amid strong Asian demand, despite geopolitical tensions affecting global supply. The company intends to expand capacity via projects l
Iraq requests a significant increase in its oil production quota to a 6 million barrels per day baseline during an OPEC+ capacity review. The outcome impacts global market balances and major firms lik
East Texas refineries operated by Motiva, Exxon Mobil, and TotalEnergies are maintaining planned production despite Tropical Storm Edouard approaching landfall, with contractors sent home but key staf
Shell PLC accepted multiple non-binding bids for its US chemical assets from major producers like Exxon Mobil and LyondellBasell, according to a Financial Times report.
A Greek-run oil tanker carrying Russian-origin cargo was attacked near the Caspian Pipeline Consortium terminal in the Black Sea, raising risks for petroleum flows involving major oil majors like Chev
The White House plans to extend the Jones Act waiver to enhance fuel shipping flexibility and reduce U.S. gasoline prices ahead of midterm elections. Critics cite security concerns, but the administra
Exxon Mobil forecasts a $3.5 billion to $3.9 billion rise in Q2 upstream earnings due to higher oil prices, as Brent crude averaged $93.58 per barrel amid geopolitical supply risks.
U.S. oil majors Exxon Mobil and Chevron expect record second-quarter profits driven by tight fuel markets. This creates political friction with President Trump, who is pressuring them to lower gasolin
JERA established a new Singapore unit, JERA Global Energy Solutions, to integrate LNG strategy and low-carbon fuel investments amid volatile markets. Former Exxon Mobil executive Irtiza Sayyed leads t
Exxon Mobil’s head of US gas trading Jon Jaye joins Expand Energy Corp., following several other departures from its trading unit. Competitors are poaching talent as Exxon seeks to expand its division
U.S. President Donald Trump stated that Exxon Mobil and Chevron are among companies being investigated regarding the recent surge in gasoline prices. The move signals increased government scrutiny on
The US Supreme Court ruled in favor of Exxon Mobil, reviving its lawsuit against a Cuban state-owned enterprise over seized oil and gas assets. This decision overturns a lower court ruling on sovereig
Heavy rainfall has delayed Corpus Christi's water emergency to late 2027, easing supply pressures on major industrial hubs like Exxon Mobil and Koch Industries. These companies consume 60% of the city
Exxon Mobil signed a preliminary deal to supply LNG to South Africa's first import facility, the Zululand Energy Terminal. This supports the nation's energy security and transition away from coal-fire
Exxon Mobil struck a preliminary deal to supply LNG to South Africa's Eskom, aiming to reduce coal reliance and bolster the power grid. This aligns with Exxon's goal to double LNG supplies by 2030.
Exxon Mobil applied for EPA authorization for a 35-well exploration campaign in Guyana's Stabroek block, scheduled from 2028 through 2033.
Woodside Energy denied media speculation regarding a potential acquisition by Exxon Mobil, confirming no discussions are underway. Reports suggest Exxon seeks to deepen its LNG presence in Asian marke
Exxon Mobil plans to name Alex Volkov head of global trading following Tracey Gunnlaugsson's retirement, amidst reports of a $3.9 billion quarterly paper loss from derivatives.
Exxon Mobil is exploring an acquisition of Australia's Woodside Energy to strengthen its liquefied natural gas (LNG) position amid rising power demand, sending Woodside shares up 6%.
Exxon Mobil is evaluating a potential takeover of Australia's Woodside Energy to expand its liquefied natural gas presence in Asia. Preliminary discussions are underway amid geopolitical tensions affe
Exxon Mobil commenced work at its Beaumont, Texas refining and petrochemical complex, notifying residents of increased flaring activity. The company did not specify which units within the 612,000 barr
Exxon Mobil's head of global trading Tracey Gunnlaugsson is retiring amid trading-related timing losses that dented Q1 net income. The departure highlights strategic differences between U.S. and Europ
Lee Raymond, former Exxon Mobil CEO who oversaw the historic 1999 Mobil merger, has died at 87. His legacy includes record profits, safety reforms after the Exxon Valdez spill, and notable skepticism
Exxon Mobil reported $4.67 billion in profit from its Guyana operations in 2025, while partner Hess earned $2.89 billion amidst average Brent oil prices of $68.19 per barrel.
Standard Bank estimates Exxon Mobil’s $30 billion Rovuma LNG project could boost Mozambique’s economy by $11 billion annually upon production starting in 2030. The initiative aims to reduce sovereign
Swiss institutional investors managing over $270 billion plan to blacklist bonds from major oil producers like Chevron and Exxon Mobil due to insufficient carbon reduction progress. This decision impa
Exxon Mobil shareholders approved the company's plan to redomesticate in Texas despite proxy firm opposition, while rejecting a proposal to expand automatic voting options for retail investors.
Exxon Mobil and ConocoPhillips are negotiating with Venezuela's government to re-enter the country's oil sector, seeking contract safeguards and debt resolution amidst geopolitical shifts and high cru
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