XOM rejects aggressive drilling despite Trump's pro-energy agenda, focusing on disciplined growth and efficiency in shale production.
ExxonMobil's decision to exit Block 52 is part of a broader effort by the U.S. energy giant to evaluate its assets and optimize its global portfolio.
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday.
XOM, like many other major energy companies, is trying to explore new energy reserves in the Mediterranean region to diversify from Russia.
U.S. oil major Exxon Mobil has pulled out of negotiations with Guyana's government on terms for exploring and developing a shallow-water block, the South American country's vice president said on Thursday.
Exxon Mobil Corp , which is facing a California lawsuit over its alleged role in global plastic waste pollution, will expand plastics recycling that allows it to replace fossil fuels with discarded bottles and bags, the company said on Thursday.
[00:00:00] Doug: We've got a very interesting situation with oil right now.
Exxon Mobil said on Wednesday it has signed a non-binding lithium supply deal with battery parts maker LG Chem , the oil giant's second agreement to supply the electric vehicle battery metal from its proposed Arkansas project.
Recently, Zacks.com users have been paying close attention to Exxon (XOM). This makes it worthwhile to examine what the stock has in store.
Exxon Mobil's strong free cash flow and earnings power, supported by high petroleum prices and OPEC+ price support, make it a top energy investment for 2025. The acquisition of Pioneer Resources enhances Exxon Mobil's Permian footprint, boosting its long-term potential for earnings and free cash flow growth. Exxon Mobil's upstream segment, generating 72% of earnings, saw significant growth in oil-equivalent production in Q3'24.
After Nigeria approved Exxon Mobil's sale of its onshore oil and gas assets to domestic energy supplier Seplat, Bloomberg's Anthony Osae-Brown examines what this means for the nation. This comes amid news that the Dangote refinery -- the largest on the continent -- is operating at almost 70% capacity.