Exxon Mobil Corporation Company News
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Guyana-Suriname Basin Emerges as a Hotbed of Oil, Gas Exploration
Friday, November 17, 2017 Oil exploration in the Guyana-Suriname basin has stepped up following ExxonMobil's major discovery there.
Hoegh LNG: Pakistan LNG Import Project Consortium Folds
Thursday, November 16, 2017 A consortium behind a LNG import project in Pakistan has been dissolved.
Buying Texas Oil at New Mexico Prices: Majors Go West for Shale
Tuesday, November 14, 2017 Oil producers discouraged by the rising cost of accessing the vast deposits of the Permian Basin are sneaking into a geological back door, through neighboring New Mexico.
Central Park's Got Nothing on Exxon's Super-Long Shale Oil Wells
Monday, November 13, 2017 ExxonMobil is drilling shale wells that stretch farther than the length of New York's Central Park.
Ghana Opens Talks With Exxon On Deepwater Drilling Contract
Monday, November 13, 2017 Ghana has opened talks with ExxonMobil to allow the US oil firm to undertake deepwater exploration off its coast, a deputy energy minister says.
Exxon Is Spending $1 Billion a Year to Research Green Energy
Friday, November 03, 2017 One of the world's biggest oil companies is pumping more than $1 billion a year into alternative forms of energy.
Disappointing Output Betrays Exxon, Chevron Profit Victories
Friday, October 27, 2017 ExxonMobil and Chevron fall after reporting disappointing production for 3Q that undercut outsized earnings results.
Shell Wins Three Oil Blocks In Brazil's Deepwater
Friday, October 27, 2017 Shell won half the blocks awarded in Brazil's deepwater oil auction.
ExxonMobil Says Julia, Hadrian South Operations Back To Normal After Nate
Tuesday, October 10, 2017 ExxonMobil resumes normal operations at its Julia and Hadrian South subsea production systems.
Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister
Monday, October 09, 2017 Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.
U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate
Thursday, October 05, 2017 Oil and natural gas producers began evacuating staff at U.S. Gulf of Mexico platforms ahead of Tropical Storm Nate, the second storm in as many months to threaten Gulf Coast oil and refining facilities.
ExxonMobil 'Puts Guyana on the Map' with Discovery
Thursday, October 05, 2017 Could ExxonMobil attain 2 billion-barrel oil reserves mark offshore Guyana?
Sources: Shell Prep Louisiana Refineries to Keep Running in Storm
Thursday, October 05, 2017 PBF Energy and Royal Dutch Shell Plc were preparing their Louisiana refineries to keep running during Tropical Storm Nate, which is forecast to make landfall in the state on Sunday, sources familiar with plant operations said.
Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role
Friday, September 29, 2017 Exxon has spent heavily this year on oil and natural gas expansion projects to replenish its diminishing reserves.
Russia's Rosneft Elects German Ex-chancellor Schroeder as Chairman
Friday, September 29, 2017 Schroeder calls Russian President Vladimir Putin his friend and has criticized moves to impose sanctions on Russia.
Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017 Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.
Gas Pipeline Through Central Europe to Go Ahead As Planned -Romania
Thursday, September 28, 2017 The pipeline, BRUA, will ultimately be able to carry 4.4 billion cubic meters of gas from Bulgaria and Romania to Austria by 2022.
Total Makes Foray Into Exxon's Exploration Hotbed Offshore Guyana
Tuesday, September 26, 2017 Total has agreed to pay $1 million for an option to buy a 25% stake in an oil exploration block offshore Guyana.
Exxon's Baytown, Texas Refinery Operations Normal
Monday, September 25, 2017 ExxonMobil says operations at the company's Baytown refinery have returned to normal.
ExxonMobil Starts Fuels Production at Baytown, Beaumont
Thursday, September 21, 2017 Company says Texas refineries resume fuel production and chem plants are ramping up.
Far From the Texas Coast, Hurricane Harvey Hits Oil Refiners
Tuesday, September 19, 2017 Three weeks after Hurricane Harvey ravaged the massive fuel-making industry, the region's recovery from storm damage is starting to disrupt plans for crucial maintenance.
Big Oil Becomes Greener With Progress in Cutting Pollution
Monday, September 18, 2017 It's no secret that oil majors are among the biggest corporate emitters of pollution.
Papua New Guinea Starts Paying Landowners LNG Royalties
Wednesday, September 13, 2017 The Papua New Guinea government has started paying local landowners long awaited benefits from the $19 billion PNG LNG project.
Russell: ExxonMobil's Deal To Cut India LNG Prices Is Actually Quite Good
Tuesday, September 12, 2017 ExxonMobil's deal to cut the price of LNG supplied under long-term contract to an Indian buyer has largely been viewed as a bad outcome for producers of the super-chilled fuel.
ExxonMobil Slashes LNG Price To India In Bad Omen For Producers
Monday, September 11, 2017 India has won a price cut on a 20-year LNG deal with global giant ExxonMobil in a rare contract renegotiation.
CNBC: Exxon CEO Says Making Progress Restarting Refinery In Texas
Thursday, September 07, 2017 ExxonMobil is making good progress as it restarts operations at its Baytown, Texas refinery following Hurricane Harvey, CEO Darren Woods told CNBC.
Exxon Mobil Plans $200 Mln Investment in Argentina's Vaca Muerta
Friday, September 01, 2017 The company reportedly has asked the government of Neuquen province for a 35-year unconventional production concession.
Texas Refiners Spared by Harvey Sweat Storm's Second Round
Tuesday, August 29, 2017 The largest refinery in the United States is gearing up for Harvey's second landfall.
State TV: ExxonMobil Vietnam Gas Project Could Start In November
Tuesday, August 29, 2017 ExxonMobil's Blue Whale gas project, Vietnam's biggest, could start in November.
Harvey Throws a Wrench into US Energy Engine
Monday, August 28, 2017 Harvey has caused massive flooding that has knocked out 11.2 percent of US refining capacity.
ExxonMobil Says Completes Singapore Refining-petchem Plant Acquisition
Monday, August 28, 2017 The acquisition will boost the U.S. company's aromatics production in Singapore to more than 3.5 million tonnes per year.
Harvey Disrupts More Than One Third of US Chemical Production
Monday, August 28, 2017 The disruption threatens shortages for basic industrial building blocks such as chlorine and ethylene.
Fire Breaks Out At Exxon's Refinery In Rotterdam, Netherlands
Tuesday, August 22, 2017 ExxonMobil says a fire broke out at its refinery in Rotterdam but that there were no injuries.
ExxonMobil Misses Estimates as Cuts Fail to Offset Output Declines
Friday, July 28, 2017 ExxonMobil wrecked the oil industry's perfect streak of upside profit surprises as the biggest US oil explorer disclosed second-quarter results that failed to live up to analyst forecasts.
Exxon Fined for Russia Sanctions Violations Under Tillerson
Thursday, July 20, 2017 The Treasury Department fined ExxonMobil $2 million for "egregious" violations of sanctions against Russia when now-Secretary of State Rex Tillerson was chief executive.
Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet?
Tuesday, July 18, 2017 The trends that are undercutting optimism about the global gas outlook are already playing out in Europe.
ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna
Tuesday, July 18, 2017 Difficulties with the field, first discovered in the 1970s, have included contract disputes and remoteness.
Mexico Delays Next Oil Auction to Let Huge New Find Sink In
Monday, July 17, 2017 "International and national interest is awakening," said Mexico's chief oil regulator.
Big Oil Just Woke Up to Threat of Rising Electric Car Demand
Friday, July 14, 2017 The world's biggest oil producers are starting to take electric vehicles seriously as a long-term threat.
Suriname Signs Offshore Oil Deals with ﻿Exxon, Hess and Statoil
Friday, July 14, 2017 Suriname's state oil company Staatsolie said it signed production sharing contracts involving Exxon Mobil Corp, Hess Corp and Statoil ASA for two blocks off the coast of the South American nation.
ExxonMobil Fined For Louisiana Refinery Explosion That Injured Four
Thursday, July 13, 2017 ExxonMobil has been fined about $165,000 by US regulators for safety lapses including inadequate training and equipment maintenance over an explosion.
India Wants $300 Billion in Oil Spending to Meet Growing Demand
Wednesday, July 12, 2017 India needs investments to boost the production of natural gas and crude oil, and to refine, transport and distribute the fuel to households, Oil Minister Dharmendra Pradhan said.
Big Energy Is Learning to Simply LOVE the Little Guy: Gadfly
Friday, June 30, 2017 Customers might only just be finding their place in the modern world's indispensable industry.
Oil Producers' Cost-Cutting Swept Away by New Price Decline
Friday, June 30, 2017 For the moment, investors seem to be focusing more on prices than operational improvements.
Cyprus Says to Push Ahead with Energy Plans Despite Challenges
Thursday, June 29, 2017 Cyprus will push ahead with its oil and gas development plans despite potential setbacks, including the decades-long Cyprus conflict, its energy minister said.
Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals
Thursday, June 29, 2017 The Tanzanian government submitted three bills to parliament on that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors.
Exxon Says Scientists Boost Lipid Content From Algae In Lab Study
Monday, June 19, 2017 ExxonMobil and Synthetic Genomics say they had found a way to more than double the amount of lipids produced by algae in a lab.
ExxonMobil To Proceed With Development Of Liza Field Offshore Guyana
Friday, June 16, 2017 ExxonMobil says it will proceed with the development of one of the largest oil discoveries of the past decade, the Liza oil field.
Exxon Says NY Distorting Climate Record in Fraud Probe
Friday, June 09, 2017 ExxonMobil accuses New York Attorney General Eric Schneiderman of wildly distorting in court how the company calculates the long-term financial impact of climate change on its assets.
ExxonMobil Says Qatar LNG Not Affected By Arab States Tension
Wednesday, June 07, 2017 ExxonMobil says that production and exports of liquefied natural gas from Qatar have not been affected by rising diplomatic tensions in the Middle East.