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ExxonMobil's Q2 Earnings: Permian Dominance Drives Production Growth, Plans $19B Buyback In FY24
↗
August 02, 2024
ExxonMobil reported higher second-quarter FY24 results, with revenues beating consensus and record production and high-value product sales.
Via
Benzinga
Tensions Rise In Venezuela As Opposition Disputes Election Results: Impact On Oil ETFs
↗
July 30, 2024
Venezuela: Maduro declared winner in contentious election, opposition disputes results and calls for transparency and new election.
Via
Benzinga
What's Going On With Exxon Mobil Shares Tuesday?
↗
July 30, 2024
Exxon Mobil and Shell subsidiaries to sell UK North Sea assets to Viaro Energy; deal includes 11 offshore operated assets and one exploration field.
Via
Benzinga
Trump Accuses OPEC Of Manipulating Oil Prices To Favor Kamala Harris, Warns 'She Will Be A Disaster For The USA!'
↗
July 30, 2024
Former President Donald Trump accused the Organization of the Petroleum Exporting Countries of deliberately driving down oil prices to benefit Vice President Kamala Harris.
Via
Benzinga
Topics
Government
What A Kamala Harris Presidency Could Mean For Oil Stocks: Chevron, Marathon Move Lower
↗
July 22, 2024
Oil stocks tumble as investors fear potential shift in energy sector under a Harris presidency. Renewable energy ETFs rise in response.
Via
Benzinga
Topics
ETFs
What's Going On With Exxon Mobil Shares Today?
↗
July 17, 2024
Exxon Mobil shuts down Illinois refinery due to power outage caused by storm.
Via
Benzinga
Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report
↗
July 12, 2024
FTC to delay decision on Chevron-Hess merger until Exxon arbitration case is settled, which could take several months. CVX and HES expect Q3 completion.
Via
Benzinga
Exxon Mobil's Stock Slides: Oil Up, Gas Down Makes For Mixed Q2 Earnings Outlook
↗
July 08, 2024
Exxon Mobil shares are down due to expected changes in oil and gas prices. Other factors may positively affect earnings in Q2.
Via
Benzinga
Dispute Over $53B Chevron-Hess Merger Heats Up, Arbitration Panel Nears Formation: Report
↗
July 03, 2024
Exxon and partners appoint arbitration panel for dispute with Chevron over Hess acquisition. Panel to be completed soon, proceedings to be scheduled.
Via
Benzinga
Exxon Ex-Exec's New Firm To Partner On Guyana's Next Gas Project: Report
↗
June 26, 2024
Guyana's Ministry of Natural Resources reportedly chose Fulcrum LNG, led by former Exxon executive Bronchalo, to develop a new natural gas project in the country.
Via
Benzinga
Topics
Energy
ExxonMobil Drills Into EV Future With SK On Lithium Deal
↗
June 25, 2024
ExxonMobil signed a MOU with SK On for a multiyear offtake agreement of 100,000 metric tons of Mobil Lithium from its Arkansas project, in line with its goal to supply lithium for 1 million EV...
Via
Benzinga
Exxon Mobil Rakes In Billions from Guyana Oil Deal, Net Margin Tops Chip Giant: Report
↗
June 25, 2024
Exxon Mobil's venture in Guyana reportedly resulted in a $6.33 billion profit and 56% net margin for the partners, exceeding NVIDIA's. More production vessels expected.
Via
Benzinga
Exxon Mobil, Air Liquide Team Up For Clean Hydrogen Project: Details
↗
June 24, 2024
ExxonMobil partners with Air Liquide to produce low-carbon hydrogen and ammonia in Texas. Aims to reduce carbon footprint and become largest hydrogen production site.
Via
Benzinga
Exxon Mobil's Lawsuit Against Climate Activist Shareholder Arjuna Capital Dismissed By Federal Judge
↗
June 18, 2024
A federal judge has dismissed Exxon Mobil Corp's lawsuit against activist shareholder Arjuna Capital over a climate proposal.
Via
Benzinga
Topics
Lawsuit
Exxon Mobil's Nigerian Asset Sale To Seplat Nears Completion As Court Case Clears
↗
June 14, 2024
Seplat Energy aims to wrap up $1.28B acquisition of Exxon Mobil's Nigerian oil assets despite regulatory delays and court proceedings by NNPC.
Via
Benzinga
Strike At Exxon Site On Hold: Talks Heat Up Over Severance Packages
↗
May 31, 2024
A strike at Exxon Mobil's French petrochemical complex is suspended until June 4 for potential talks on severance packages. Jobs will be lost.
Via
Benzinga
ConocoPhillips To Buy Marathon Oil: Energy ETFs To Gain
↗
May 30, 2024
Via
Talk Markets
Topics
ETFs
Exxon Shrinks Footprint In Nigeria Despite Renewal Of Lease On Lagos Office: Report
↗
May 30, 2024
Exxon is relocating staff from the 12-floor Mobil House, reportedly leased at $10 million annually, to a six-floor office building in Ikoyi.
Via
Benzinga
Investors Fear Exxon Lawsuit Hinders Sustainability Proposals: Report
↗
May 28, 2024
A group of institutional investors worth $4.4T urges companies to stop suing shareholders over proposals, citing long-term harm and SEC intervention.
Via
Benzinga
Topics
Lawsuit
Regulatory Compliance
Guyana Gas Bonanza On Hold: Exxon Reportedly Faces Deadline For Stabroek Development
↗
May 24, 2024
Exxon-led consortium must decide by October on developing large gas find off coast of Guyana, govt wants 20% of reserves if undeveloped.
Via
Benzinga
Exxon Wins Round One in Lawsuit Against Climate Activist Investor: Report
↗
May 23, 2024
US judge allows Exxon's lawsuit against activist shareholder group seeking to bar climate resolution, raising concerns about stifling debate.
Via
Benzinga
Topics
Lawsuit
Exxon's Texas LNG Project Faces Major Setback As Lead Contractor Files For Bankruptcy
↗
May 22, 2024
Exxon Mobil and Qatar's contractor for Texas LNG plant files for bankruptcy due to cost challenges. Project expected to expand exports in 2025.
Via
Benzinga
Topics
Bankruptcy
Chevron Ends 55-Year North Sea Operations Ahead Of Hess Deal: Report
↗
May 16, 2024
Chevron Corp. (NYSE: CVX) will exit the U.K. North Sea, ending its 55-year presence, to streamline its portfolio amid a $53 billion acquisition of Hess Corp. (NYSE: HES).
Via
Benzinga
Big Oil, Big Bet: Indonesia's Pertamina & Exxon Aim For Gigatonne CO2 Grab
↗
May 15, 2024
Exxon Mobil and Pertamina to drill for CCS hub in Indonesia, estimated to store 3 gigatonnes of CO2 with a $2 billion investment.
Via
Benzinga
Seplat's $1.28B Asset Deal with Exxon Gets Regulatory Boost: Report
↗
May 03, 2024
The Exxon-Seplat asset sale in Nigeria could be approved within two weeks, ending a two-year delay since the $1.28 billion deal was signed. This will inject capital into Nigeria's oil industry and...
Via
Benzinga
Exxon To Shut Down Two Oil Projects For Pipeline Connection: Report
↗
May 01, 2024
Exxon Mobil will shut down two offshore oil production projects in Guyana for 2 weeks each to connect a natural gas pipeline.
Via
Benzinga
Topics
Energy
Turkey Reportedly Turns East For Gas, Reportedly Eyes Exxon Deal To Ditch Russia
↗
April 29, 2024
Exxon Mobil is reportedly in talks with Turkey for LNG deal to reduce dependence on Russia. Potential for 2.5M tonnes annually, costing $1.1B. XOM ahead of schedule to double LNG portfolio by 2030.
Via
Benzinga
Chevron Pours $500M To Fund Renewable Energy Future: Report
↗
April 17, 2024
Chevron's venture capital arm launches third fund for renewable energy, aiming to diversify and reduce emissions through innovation and investments.
Via
Benzinga
Topics
Emissions
Exxon Taps TechnipFMC For Subsea Gear In Guyana's $12.7B Whiptail Project
↗
April 16, 2024
Exxon Mobil awarded a large contract to TechnipFMC in Guyana, to supply subsea production systems for the Whiptail project. The project is worth $12.7B and will target an estimated resource base of...
Via
Benzinga
Black Gold Bonanza: Analyst Bets On Chevron, Citing Price Outlook
↗
April 11, 2024
Analyst remains optimistic that Chevron will prevail in the arbitration against Exxon Mobil and CNOOC in Guyana.
Via
Benzinga
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