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HomeExxonMobil

ExxonMobil

ExxonMobil
Big Oil Companies

ExxonMobil and Oil Majors Embrace the New Energy Revolution: What it Means to Investors

June 9, 2023 Mariel Alumit

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 […]

Oil
Big Oil Companies

Banks Continue to Put Billions Into Oil and Gas — Is It a Smart Investment?

June 8, 2023 Mariel Alumit

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 […]

ExxonMobil
Big Oil Companies

The World’s Largest Energy Companies In 2023: The Rise Of Aramco, ExxonMobil And The Rest

June 8, 2023 Mariel Alumit

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 […]

ESG
ESG

ESG movement thriving despite opposition from status quo naysayers

June 5, 2023 Mariel Alumit

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 […]

Big Oil Companies

Exxon And Chevron Close To Signing Gas Exploration Deals In Algeria

June 3, 2023 Allen Santos

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, […]

Big Oil Companies

Oil Majors Face Tough Choices Ahead Of Shareholder Meetings

May 28, 2023 Mariel Alumit

 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 […]

ExxonMobil
Big Oil Companies

ExxonMobil Sells Williston Assets

May 24, 2023 Mariel Alumit

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 […]

Big Oil Companies

Exxon Crushes Progressive Dreams That “Net Zero” Has Any Chance By 2050: It Would Mean Collapse In “Global Standard Of Living”

May 20, 2023 Mariel Alumit

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 […]

Exxon
Big Oil Companies

Chances Of World Reaching Net-Zero By 2050 Unlikely says Exxon – Or is it Zero for Net-Zero?

May 20, 2023 Allen Santos

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 […]

ExxonMobil
Big Oil Companies

ExxonMobil Is in No Hurry to Spend Its $32.7 Billion Cash War Chest

May 9, 2023 Mariel Alumit

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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Electric
Electric Vehicles

Small Chipmaker With Big Vision On Track To Dominate Fast-Growing Electric Vehicle Industry

June 9, 2023

The electric vehicle revolution is here, even in the most unexpected places. And it is a huge opportunity for astute investors. Executives at Stellantis NV (STLA) announced last week announced that production of its Dodge Charger and […]

EnLink
Crude Oil News

EnLink Midstream LLC: A Top Player in Natural Gas and Crude Oil Transmission and Processing Services

June 9, 2023

EnLink Midstream LLC is among the top players in the transmission, processing, and marketing of natural gas and crude oil. The company operates across five segments: Permian, Louisiana, Oklahoma, North Texas, and Corporate. EnLink Midstream […]

Oil
Big Oil Companies

Banks Continue to Put Billions Into Oil and Gas — Is It a Smart Investment?

June 8, 2023

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 […]

Debt
Energy Policy

Debt Ceiling Permitting Provisions Offer Good First Step to Meaningful Reform

June 7, 2023

President Biden has signed the Fiscal Responsibility Act (FRA) into law which suspends the debt ceiling into 2024 and avoids a U.S. default. The bill contains several historic reforms to the National Environmental Policy Act […]

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