94 articles
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
ExxonMobil and Azerbaijan’s Socar formed a joint venture to develop shale oil and gas resources in the Middle Kura Basin using US fracking technology. The project aims to leverage American expertise p
Azerbaijan signed over $10 billion in investment agreements, including major energy deals with TotalEnergies and ExxonMobil. The country plans to increase gas production by 5 billion cubic meters with
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's annual outlook warns that slower coal decline jeopardizes 2050 decarbonization targets, projecting emissions far above UN limits. Geopolitical tensions impacting oil and LNG exports are c
Venezuela's interim President Delcy Rodriguez plans to discuss energy, debt, and mining issues with US counterparts during her UN visit. Negotiations include potential agreements with ExxonMobil and C
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
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