Hundreds of billions of dollars continue flowing into fossil fuels every year, with no signs of the trend changing any time soon. Many investors say that it’s next to impossible to fully forego fossil-fuel investments, […]
Exxon Mobil Corp. is considering expanding its trading operations globally as historic oil-market volatility contributes to record profits for commodity shops. The oil major has stepped up efforts to increase derivatives trading after several departures […]
U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 billion. A record quarter for the company. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale […]
ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]
U.S. supermajors ExxonMobil and Chevron both reported their highest-ever quarterly profits on Friday. Higher oil and gas prices, the highest refining margins in years, increased production, and aggressive cost control all contributed to the record-breaking […]
NextDecade has signed a 20-year sale and purchase agreement with ExxonMobil for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. NextDecade signed the deal with ExxonMobil affiliate […]
U.S. LNG project developer NextDecade has signed a 20-year sale and purchase agreement (SPA) with compatriot energy major ExxonMobil for the supply of LNG from NextDecade’s Rio Grande LNG export project in Texas. On 27 […]
U.S. supermajor ExxonMobil is continuing with its incredibly precise exploration of Guyana’s Stabroek block with two new discoveries southeast of the Liza and Payara developments. The exploration work in Guyana for Exxon appears laser-guided as […]
Money managers have started to close out short positions on oil. The oil price slump that started mid-June could be about to reverse. The disconnect between the physical crude market and paper crude market remains […]
During an onsite tour yesterday, ExxonMobil leaders emphasized plans to build a hydrogen production plant and carbon capture and storage (CCS) project at its integrated refining and petrochemicals site in Baytown, Texas. The CCS project […]
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