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US Energy News

California sues Exxon over global plastic pollution

September 23, 2024 Mariel Alumit

NEW YORK, Sept 23 (Reuters) – California and several environmental groups sued Exxon Mobil (XOM.N), on Monday and accused the oil giant of engaging in a decades-long campaign that helped fuel global plastic waste pollution. […]

Big Oil Companies

Week Recap: Energy Shifts, Energy Debates, and Global Oil Challenges

September 14, 2024 Andy Del Prado

Weekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders […]

ExxonMobil
Big Oil Companies

ExxonMobil Hydrogen Hub Attracts Billions From Major Investors

September 13, 2024 Mariel Alumit

Amid widespread skepticism about the future scalability of the hydrogen industry, whether it be green, blue, gray or another imagined color, ExxonMobil certainly is not having trouble attracting major investors in its planned blue hydrogen […]

ESG
ESG

An ESG Backlash Erupts in Europe on World’s Strictest Rules

September 9, 2024 Mariel Alumit

(Bloomberg) — For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of Exxon Mobil Corp., the largest US producer of oil and gas, is in […]

ExxonMobil
Big Oil Companies

Green Transition? ExxonMobil Predicts Steady Oil Demand For The Next 25 Years

August 31, 2024 Stu Turley

ExxonMobil issues a report that anticipated oil demand reaching a ‘plateau’ in 2030 and remaining fairly stable for the next 20 years. ExxonMobil produced a report on Monday that anticipated oil demand reaching a “plateau” […]

ExxonMobil's Guyana Oil
Big Oil Companies

ExxonMobil’s Guyana Oil: A Trillion-Dollar Opportunity?

August 30, 2024 Mariel Alumit

ExxonMobil’s Guyana oil production is rapidly expanding, with the potential to reach 2 million barrels per day by the early 2030s. The company’s Permian Basin assets are also poised for growth, with production expected to […]

Big Oil Companies

Exxon Projects 2050 Oil Demand

August 27, 2024 Andy Del Prado

Daily Standup Top Stories State Rankings: Electric Vehicles per Capita in the United States August 25, 2024 Stu Turley California leads the nation in electric vehicle adoption, with over 1.1 million EVs and the highest per […]

Exxon
Big Oil Companies

Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal

August 26, 2024 Stu Turley

Oil demand seen plateauing at 100 million barrels a day ‘Catastrophic’ risk of failing to invest in new oil projects Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even […]

ExxonMobil
LNG

ExxonMobil plans Rovuma LNG FID by 2026

August 18, 2024 Stu Turley

According to the official Facebook page of Filipe Nyusi, he met with ExxonMobil’s upstream president Liam Mallon on Wednesday to discuss the onshore LNG project in Cabo Delgado. “We focused our discussions on the initial […]

ExxonMobil
Big Oil Companies

ExxonMobil (XOM) Lays Off 59 Workers Post Pioneer Merger

August 15, 2024 Mariel Alumit

ExxonMobil Corporation XOM, the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 […]

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