Three of the largest U.S. oil companies – ConocoPhillips (NYSE:COP), Devon Energy (NYSE:DVN) and Pioneer Natural Resources (NYSE:PXD) – said Thursday they have joined a United Nations-backed group working to curb greenhouse gas emissions. The Oil […]
The CEO of Exxon Mobil is calling for an increase in the price of captured and stored carbon. At present, the price of captured and stored carbon sits at around $50 per tonne. Exxon CEO […]
Even Exxon Mobil thinks electric vehicles are the future. The oil giant is predicting that by 2040, every new passenger car sold in the world will be electric, CEO Darren Woods told CNBC’s David Faber in an […]
Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according to a securities filing. Energy prices have shot up this year with oil selling for […]
ExxonMobil’s Canadian affiliates, namely Imperial Oil and ExxonMobil Canada, have agreed to sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Resources in an all-cash deal worth $1.47bn. Imperial and ExxonMobil Canada […]
Exxon CEO Woods: consumers foot the bill of rushed energy transition. Exxon CEO: All new cars sold in the U.S. will be electric in 2040. Several years of low investment in supply have made energy […]
Source NPR: President Biden and Big Oil are at each other’s throats. At a time when gas prices are at the highest level in history, hurting regular Americans, he points out that Big Oil companies […]
Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for […]
Exxon Mobil CEO Darren Woods would like the U.S. government to help incentivize some of the clean energy innovations his company is developing, like biofuels and direct air capture of carbon dioxide. In an interview with […]
U.S. energy supermajor ExxonMobil has become QatarEnergy’s third international partner in the North Field East (NFE) expansion project after TotalEnergies and Eni joined earlier this month. With this deal, Exxon committed to helping further develop […]
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