113 articles
Shell CEO confirms deep discussions on selling its US chemical portfolio, potentially valued at $8 billion, as bidders including ExxonMobil express interest. The move follows positive Q3 earnings desp
ExxonMobil announced a $100 billion capital expenditure plan through 2030 to augment global energy supplies amid record quarterly profits. CEO Darren Woods emphasized the necessity of continued invest
ExxonMobil beat Q3 profit expectations with $4.23 EPS, driven by a 120% surge in downstream earnings as global fuel supply shortages boosted refining margins amid geopolitical conflicts.
ExxonMobil increased its stake in Mozambique's Rovuma LNG project to 50% through a swap with Eni, targeting a final investment decision by year-end despite regional security challenges.
Oil prices rose after Houthi attacks on Saudi refineries sparked supply fears, pushing Brent and WTI futures up over 0.7%. Security concerns led ExxonMobil and Chevron to cancel executive travel to a
ExxonMobil and Chevron canceled plans to attend the ADIPEC oil conference in Abu Dhabi amid heightened security concerns in the Middle East.
US oil majors ExxonMobil and Chevron have cancelled executive attendance at the UAE's ADIPEC energy show citing security concerns amid rising US-Iran tensions. While other industry leaders remain sche
Geopolitical conflicts have slashed global refining capacity, driving margins to record highs and sparking a historic profit comeback for major oil refiners like ExxonMobil and Shell. Analysts predict
President Trump addressed high gasoline prices at a Texas rally, attributing costs to the Iran conflict while promising relief from captured Venezuelan crude destined for local refineries like Citgo a
Gas prices in Michigan and Ohio rose sharply after an ExxonMobil refinery shutdown in Illinois disrupted supply. The outage impacts regional markets and voter sentiment ahead of upcoming midterm elect
Oil and gas stocks rally on high crude prices amid Middle East tensions, though traders anticipate a pullback ahead of major earnings reports from ExxonMobil and Chevron. Analysts warn aggressive fore
Devon Energy faces activist pressure to divest assets or sell following its Coterra merger. Analysts identify five potential suitors including Diamondback, ConocoPhillips, Chevron, EOG Resources, and
Shell and ExxonMobil are exploring an $8 billion sale of their joint venture Infineum, a UK-based chemicals unit, after hiring Bank of America to advise on the potential transaction.
Infineum, a joint venture between Shell and ExxonMobil, is exploring an $8 billion sale to allow energy majors to refocus on core operations.
Rising fuel costs drive US inflation and boost ExxonMobil refining profits. EU plans import quotas on chemicals and pharmaceuticals, while El Niño threatens global crop and energy markets.
ExxonMobil signaled soaring third-quarter refining profits driven by higher margins amid global fuel supply disruptions, adding $4.5 billion to earnings. Shares rose 1% ahead of full results disclosur
ExxonMobil forecasts a $4.5 billion downstream profit surge due to soaring refining margins linked to geopolitical tensions, offsetting a $1.3 billion upstream decline from lower Brent prices ahead of
ExxonMobil has informed Guyana it needs more offshore gas for oil production than expected, potentially reducing LNG export capacity. Officials are considering scaling back the Fulcrum LNG project to
BP canceled its attendance at the World Petroleum Council Energy Congress in Riyadh following a missile attack on the international airport that killed 13 people. Executives from other major oil firms
ExxonMobil blocked a partner proposal to settle a $5 billion environmental fine regarding sulfur storage at Kazakhstan's Kashagan oil field, making an $80 billion investment expansion contingent on re
Azerbaijan signed 23 investment deals totaling $10.8 billion. Key highlights include major oil and gas projects with SOCAR, TotalEnergies, and ExxonMobil aimed at boosting natural gas production by 5
The US SEC decided not to charge the climate group Climate Action 100+ regarding its 2021 ExxonMobil shareholder meeting but warned large shareholders about regulatory disclosure obligations before th
The US Supreme Court will hear arguments from ExxonMobil and Suncor to block a Colorado climate damage lawsuit. A decision could affect nearly 60 similar cases filed by state and local governments aga
The US Supreme Court hears an appeal by ExxonMobil and Suncor to dismiss a Colorado climate lawsuit backed by the Trump administration. A ruling favoring the companies could impact nearly 60 similar s
ExxonMobil and Suncor Energy appealed to the US Supreme Court to block a climate liability lawsuit from Boulder, Colorado, a decision that could dismiss dozens of similar cases seeking billions in dam
Vietnam's BSR and ExxonMobil Asia Pacific signed a framework agreement to secure crude oil supplies for the Dung Quat refinery. The deal aims to diversify sources and enhance operational flexibility a
Kazakhstan resumed enforcement to collect a $5.2 billion fine from the Kashagan oilfield consortium over alleged sulphur-storage violations. Major operators including Shell and ExxonMobil dispute the
The Metals Company appointed former ExxonMobil executive Liam Mallon to its board while seeking U.S. approval for commercial deep-sea mining of polymetallic nodules. This strategic hire supports effor
Over 650 oil executives gathered in Caracas for a summit aiming to revive Venezuela's hydrocarbon sector, with major firms like ExxonMobil signaling interest in significant investments. The event high
The Texas Railroad Commission approved ExxonMobil's Rose carbon capture and storage project, permitting three Class VI CO₂ injection wells with a 53-million-ton capacity. The $5 billion initiative tar
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