Exxon Mobil

In 2020 the company said it was buying Parsley Energy in an all-stock deal valued at approximately USD 4.5 billion.

Oil posts fifth week of gains on signals of tighter supply

Bolstered by supply cuts from the OPEC+ alliance announced earlier this month, both oil benchmarks gained nearly 5 percent for the week – a fifth straight week of gains.

Exxon to exit Russia, suspend further investments

The decision includes operations at a large oil and gas production project on Sakhalin Island in Russia's Far East. British BP PLC , Shell and Norway's Equinor ASA have previously disclosed plans to abandon Russia operations.

ONGC in talks with Chevron, Total for exploration projects in India: Report

French company Total has formed a technical committee of key executives to explore such opportunities

Exxon Mobil faces off against activist investors on climate change

All eyes are on BlackRock, the world’s largest asset manager, which has cast itself as a leader in efforts to press companies to do more to reduce emissions of carbon dioxide

Exxon Mobil ordered to pay $14.25 million penalty in pollution case

In setting the penalty, which would go to the US Treasury, US District Judge David Hittner of Houston reduced a previous award he handed down in 2017 of almost USD 20 million.

Oil giants' production cuts come to 1 million bpd as they post massive writedowns

The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter.

Exxon Mobil revives sale of stake in giant Azeri oilfield

The top U.S. oil and gas company first tried to sell its 6.8% stake in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea in 2018, as rival Chevron launched the sale of its own 9.57% stake in the field.

Customers get some breathing room; layoffs keep coming

With thousands having lost jobs, JPMorgan Chase has done away with minimum payment requirements on credit cards and it's waiving late fees.

Exxon Mobil, ONGC sign expertise-sharing deal

The memorandum of understanding (MoU), signed late Monday, will be later signed as a definitive deal after Exxon studies the blocks of the company, one of the sources told Reuters.

Shell, Exxon Mobil eye re-entry into Somalia's upstream sector

Shell and Exxon Mobil had a joint venture there prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.

Iraq oil minister Thamer Ghadhban calls Exxon Mobil's evacuation of foreign staff 'unacceptable'

Exxon Mobil, which has a long term contract to improve the oilfield on behalf of Iraq's state South Oil Company, withdrew all foreign staff, around 60 people, Iraqi officials have said.

Exxon Mobil evacuates foreign staff out of Iraqi oilfield: Report

Production at the oilfield was not affected by the evacuation and work there is under way normally and being undertaken by Iraqi engineers, Iraqi oil officials said.

Oil Search, Total, Exxon sign deal with Papua New Guinea on LNG project

The deal will allow the parties to start activities related to so-called Front End Engineering and Design (FEED) such as contractor selection for Papua LNG, which is led by Total, with Exxon and Oil Search as minority partners.

Shell, Exxon not to seek compensation for end of Groningen gas production: government

The Dutch government expects that around 450 billion cubic metres (bcm) of gas will be left in the ground at the Groningen field, with an estimated value of 70 billion euros ($81.5 billion).

Qatar acquires stake in Exxon's Argentina shale oil and gas

The agreement gives the Qatari oil and gas company shares in ExxonMobil Exploration Argentina SRL and Mobil Argentina SA for exploration, drilling and production of unconventional shale oil and gas in Vaca Muerta in the Neuquén province in western Argentina.

ExxonMobil intentionally misled public on climate change, claims new research

The study also stated that the oil giant had misinformed public about the long term viability of oil reserves

US Treasury rejects Exxon Mobil request to drill in Russia

Treasury Secretary Steven Mnuchin says in a brief statement that the administration "will not be issuing waivers to US companies, including Exxon, authorizing drilling prohibited by current Russian sanctions."

Exxon to spend $20 bn on Gulf Coast Projects in US

Chairman and CEO Darren Woods, a keynote speaker at 36th annual CERA Week conference here, yesterday said the projects include 11 proposed and existing sites in Texas and Louisiana.

Rex Tillerson sworn-in as US secretary of state

"Though you inherit enormous challenges in the Middle East and around the world, I do believe we can achieve peace and stability in these very, very troubled times," Trump said at the swearing-in ceremony in the White House's Oval Office.

Oil companies shoulder pain of downturn with lower output

The aggregated production of 109 listed companies that produce more than a third of the world's oil fell in the third quarter of 2016 by 838,000 barrels per day from a year earlier to 33.88 million bpd, data provided by Morgan Stanley showed.

Shell-BG deal clears last regulatory hurdle

The combination will transform Shell into the world's top liquefied natural gas (LNG) trader and a major offshore oil producer focused on Brazil's rapidly-developing sub-salt oil basin that would rival Exxon Mobil's position as the world‘s biggest international oil company.

Wall Street ends lower as oil and retailers weigh

Energy stocks were bogged down by a more than 3 percent drop in oil prices to their lowest since mid-September on worries about growing US stockpiles.

Nobody is safe! Why US oil firms could get bought

Crude oil has made a sizable comeback in the past 3 months, but large integrated names like Exxon Mobil and Chevron remain stuck in rut.

Dow rises to intraday record; Japan widens stimulus

The US dollar climbed against the currencies of major trading partners, including the Japanese yen, while dollar-denominated commodities including gold and oil dropped.