78 articles
Texas regulators approved ExxonMobil's application to store CO2 emissions near Houston, marking a key victory for its carbon capture business. The Texas Railroad Commission voted 2-1 to permit the pro
ExxonMobil raised its 2050 emissions forecast to 30 billion metric tons and projected slower coal decline, warning temperatures could rise 2.5–3°C despite UN climate targets.
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 is negotiating to return to Venezuela's Orinoco Belt heavy oil projects, reversing its exit from nearly two decades ago. Competitors like Continental Resources and Eni are also expanding op
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
Major U.S. energy firms including Chevron and ExxonMobil plan to sign agreements with Vietnamese counterparts during leader To Lam's New York visit, amid trade talks and tariff threats.
An ExxonMobil executive predicts U.S. liquefied natural gas supply will reach 30% of the global total by 2030. Peter Clarke stated North America remains a leading gas-producing region capable of meeti
Angola's ANPG and ExxonMobil announced a new oil discovery at the Vicango Este-01 well in Block 15, encountering 25 meters of hydrocarbon-bearing sandstone. This marks the 20th discovery in the prolif
Kazakhstan suspended enforcement proceedings to recover $5 billion from the North Caspian Operating Company (NCOC) over alleged environmental violations at the Kashagan oil field. The move impacts maj
TotalEnergies will transfer operatorship of the $14 billion Papua LNG project to ExxonMobil to unlock a final investment decision by year-end. The restructuring increases ExxonMobil's stake to 34.1% a
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
Louisiana regulators tentatively approved Blue Sky Infrastructure's application to expand its CO2 storage hub by 8 million metric tons annually. The project involves drilling injection wells to serve
Shell is divesting underperforming US chemical assets valued at up to $8 billion, attracting bids from ExxonMobil and LyondellBasell. The production sites supply plastics, detergents, and pharmaceutic
The White House announced a deal granting a private firm access to Venezuelan oil reserves with a U.S. equity stake, raising concerns among major oil producers like ExxonMobil over legal certainty. Ch
President Trump announced that ExxonMobil and Chevron plan to resume business in Venezuela following recent political changes. U.S. officials expect agreements granting access to Venezuelan crude rese
President Trump stated Venezuela will decide its own OPEC status after a deal granting the U.S. partial control over Venezuelan oil reserves. ExxonMobil was identified as one of the companies entering
Shell is receiving bids up to $8 billion for its US petrochemical business from rivals like LyondellBasell and ExxonMobil. The deal includes significant assets such as the Monaca, Pennsylvania facilit
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.
Shell Plc is seeking buyers for its US chemicals unit, with ExxonMobil among suitors in talks for assets valued at up to $8 billion, including a major polymer production complex.
ExxonMobil temporarily halted operations at its Liza Unity FPSO in Guyana due to a small laundry-room fire. Crude offloading was affected, but all personnel are safe while safety checks are completed.
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 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
Guyana's President announced the nation's entitlement to crude production rose to 39.8% after ExxonMobil recovered its $55 billion investment on the Stabroek block. This change significantly boosts na
Energy stocks hit record highs as oil prices climb amid Middle East tensions and supply constraints. Major producers including Chevron and ExxonMobil reported substantial earnings growth driven by ele
ExxonMobil has awarded $1.1 billion in upstream equipment contracts for its Mozambique Rovuma LNG Phase 1 project, covering subsea systems and piping to support progress toward a final investment deci
A fatal explosion at a Gunvor Energy site in Rotterdam's Europoort area disrupted chemical production, while a separate power outage impacted ExxonMobil and Viterra refineries. Investigations are unde
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.
Occidental Petroleum reported its highest quarterly profit since 2022, beating expectations with $2.40 per share driven by rising oil prices and increased U.S. production. Major rivals Chevron and Exx
ExxonMobil and Chevron warned that global diesel and finished product supplies will remain tight in the second half of the year due to geopolitical conflicts and refinery outages. Executives predict s
Integrated oil majors such as ExxonMobil and Shell reported doubled profits in Q2, leading President Trump to call for price reductions citing excessive wartime earnings.
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