Earnings from existing oil and gas reserves can be used to fuel investment in new, clean energy solutions. Recent news that oil major ExxonMobil (XOM -0.39%) purchased drilling rights in the potentially lithium-rich Smackover formulation in Arkansas is more […]
The oil company CEO was practically giddy, she was so excited about its record earnings. On a call with shareholders and analysts on March 31, Occidental Petroleum’s Vicki Hollub bragged that the century-old oil giant was […]
Last year was a great time to be in the oil business. Thanks to high prices topping $120 a barrel in June 2022, ExxonMobil made a record $62 billion in profits, and advanced seven spots […]
The global ESG movement took a hit this week, as an investor-driven climate change push at some of the world’s leading fossil fuel companies fell well short of the mark. On 31 May, shareholders at Exxon and […]
By Charles Kennedy of OilPrice.com, ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, […]
OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June […]
Chord Energy Corp. has entered a deal to acquire hydrocarbon development areas in the Williston Basin owned by ExxonMobil Corp. for $375 million. The definitive agreement with XTO Energy Inc. and affiliates, which are ExxonMobil […]
In a world of suffocating snowflakery, ESG hypocrisy and, well… Tranheuser Busch, a corporation telling the truth without fear of reprisals from the Open Society-funded virtue signaling cabal is rarer than an mRNA-injected, genetically engineered […]
The likelihood of the world reaching net-zero carbon dioxide emissions by 2050 is remote, Exxon said in a U.S. Securities and Exchange Commission communication. The IEA’s 2050 Net Zero Emissions does not “meet the level […]
The oil giant plans to patiently wait for the right acquisition opportunity to arise. ExxonMobil (XOM 0.03%) is swimming in cash these days. During the first quarter, the oil giant generated $16.3 billion in cash. Even after spending […]
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