Exxon Mobil Corp.’s partner on a Papua New Guinea gas project that’s threatened by failed talks with the government hit back at the state’s position on Monday, saying its terms were uneconomical.
Exxon Mobil recorded a $5.7 billion profit in the fourth quarter, off 5 percent from a year earlier because of weaker sales and pricing in its petrochemical and refining divisions.
It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.
Exxon Mobil Corp. plans to start gauging buyer interest in its U.K. and German upstream operations in the coming weeks as the oil major continues to divest overseas assets, people with knowledge of the matter said.
The Dutch government has said it expects to stop extracting gas from a vast underground field in the country's north by mid-2022, ending decades of lucrative drilling.
A trio of offshore discoveries made by Exxon Mobil has set 2019 up to be the biggest year for new finds since the last oil price collapse in 2014.
The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.
The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers.
ExxonMobil Corp. is targeting western and southern Africa for the world’s next big oil bonanza as the explorer scours the globe to repeat its success in Guyana.
Exxon Mobil Corp. told a judge that New York’s attorney general should either sue the company for misleading investors about the financial impact of climate change, or close its probe and move on.
A new report shows ExxonMobil is leading other supermajors in terms of remaining oil reserves worldwide.
Exxon Mobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope.
Energy giant Equinor has won additional blocks within the prolific Campos and Santos basins in the 4th production bidding round in Brazil.
ExxonMobil has bought half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field.
Qatar Petroleum will become a 30% equity holder in two ExxonMobil affiliates which hold shale assets onshore Argentina.
Exxon Mobil's chairman and chief executive steadfastly argued the nation's largest energy company can continue to grow its global oil and gas operations while reducing carbon emissions and helping to combat climate change.
For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. Not so much any more.
Liberian President George Weah ordered a probe into Exxon Mobil Corp.’s 2013 deal for drilling rights off the coast of the West African nation, according to his office.
Exxon Mobil Corp.’s attempt to derail a multistate fraud investigation into the company’s public comments about climate change flamed out in a New York court.
Guyana's story shares many similarities with the story of the ugly duckling. One of the poorest countries in South America, it has historically been entirely dependent on oil imports. In the past three years though, Guyana has sprung up as one of the hottest oil spots in the region, with ExxonMobil alone accounting for seven hydrocarbon discoveries in one single exploration block, Stabroek. However, the pace of discoveries will only highlight the deficiencies of the Guyana's political system, and there remains a serious risk that these world-class finds might be jeopardized by politics, either by means of renegotiating commercial terms or by bringing legislative powers to a painful impasse. By anybody's yardstick, the achievements of ExxonMobil and its partners (Hess, CNOOC) in the Guyanese offshore block of Stabroek (6.6 million acres or 27 000km2) have surpassed expectations. Almost every exploration well adds new barrels to the already hefty 4 billion barrels of recoverable reserves found in the area, a trend that is bound to continue over the next months. So far only one exploratory well turned out to be dry (Skipjack-1), whilst the following discoveries were made:
Exxon Mobil's senior vice president, Mark Albers, will retire at the end of this month after more than 38 years of service.
Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, which are home to the venture’s upstream gas supplies, according to UBS Group AG.
Hess Corporation today announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.
Exxon Mobil Corp. shut its liquefied natural gas export plant in Papua New Guinea after an earthquake in the Pacific nation’s remote highlands cut supplies from the company’s upstream fields.
Wall Street wants answers from Exxon Mobil Corp.