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HomeExxonMobil

ExxonMobil

Over 100 oil and gas companies went bankrupt in 2020- Energy News Beat
Carbon Capture

Largest U.S. oil and gas trade group backs carbon price

May 22, 2021 Stu Turley

The industry group representing oil and gas companies including Exxon Mobil Corp and Chevron Corp said on Thursday it supports a carbon price as one measure to mitigate climate change risk. Oil and gas trade group the American Petroleum Institute (API) […]

Crude oil and Money -EnergyNewsBeat.com
Finance

Banks Always Backed Fossil Fuel Over Green Projects—Until This Year

May 20, 2021 Stu Turley

n more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according […]

Exploration and Production

Exxon says it will restart gas compressor at Guyana platform in June

May 16, 2021 Andy Del Prado

GEORGETOWN, – Exxon Mobil Corp said on Friday it will reinstall a gas compressor at its Liza Destiny platform off Guyana’s coast in June, after an equipment failure last month prompted the company to slash output. The […]

crude-oil-tank - energynewsbeat.com
Commodities

Oil Prices Rebound As Global Oil Glut Drains -Iran seeks to sell oil through Saudi Arabia

May 16, 2021 Stu Turley

Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward. Oil prices rebounded on Friday after a midweek selloff. […]

Exxon - Energy News Beat
Crude Oil News

ExxonMobil ups Guyana 2025 oil target to 800,000 b/d

May 13, 2021 Andy Del Prado

ExxonMobil has boosted its 2025 forecast for Guyana crude production to up to 800,000 b/d with plans for a fourth project on the deepwater Stabroek block, the company said in its latest environmental permit application. […]

Imperial Oil - EnergyNewsBeat ENB
Downstream

Canada’s Imperial Oil swings to quarterly profit, helped by oil price recovery

May 1, 2021 Stu Turley

Canada’s Imperial Oil Ltd posted a first-quarter profit and raised its quarterly dividend on Friday, bolstered by higher crude prices, as well as improved refining and chemical margins. Calgary-based Imperial, which is majority-owned by Exxon Mobil Corp, […]

Exxon - EnergyNewsBeat
Earnings

ExxonMobil earns $2.7 billion in first quarter of 2021

April 30, 2021 Stu Turley

ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]

Drilling deeper Guyana Stabroek Block -energynewsbeat
Exploration and Production

Drilling deeper Guyana Stabroek Block geology a key objective for Hess in 2021

April 28, 2021 Stu Turley

 A key drilling objective for Hess in 2021 in Guyana’s offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company’s top executives said April 28. Uaru-2, […]

oil rig - EnergyNewsBeat.com
International News

Iraq Aims to Clinch Exxon Oil Sale by June Even as Chevron Balks

April 21, 2021 Stu Turley

Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run […]

Downstream

ExxonMobil declares Wakayama base oil force majeure

April 13, 2021 Stu Turley

The producer said in a letter to customers on 7 April that it had declared force majeure on its AP/E Core 600 (SN 600), AP/E SN 500 and AP/E Core 2500 (bright stock) grades. Eneos’ […]

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