Exxon Mobil Corporation Company News

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Exxon, Others Add to Claims That US Sold Toxic Crude
Friday, April 12, 2019 The energy giant said some oil it purchased last year from the SPR contained "extremely high levels" of hydrogen sulfide.

Aramco Pumping Oil at Fraction of Rivals' Costs
Monday, April 01, 2019 The government-owned producer is extracting crude for less than half the costs of its nearest rival.

Next US Shale Wave Will Need Fewer Heads, Different Skills
Wednesday, March 27, 2019 Technology, process optimization and a different kind of headcount would lead the second exploration and production uptick.

US Emerging as a LNG Powerhouse
Friday, March 22, 2019 The LNG export market is projected to surge over the next three decades.

Exxon, Chevron Battle it Out in the Permian
Friday, March 22, 2019 New analysis by Rystad Energy explores which supermajor has the most potential in the prolific Permian Basin.

Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids
Thursday, March 21, 2019 Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

Exxon Hits the Brakes on $1.9B Project
Friday, March 15, 2019 Exxon's Canadian subsidiary, Imperial Oil Ltd., was planning to bring the 75,000-barrel-a-day project online in 2022.

Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.

Permian Shale Primed For Mergers and Acqusitions
Monday, March 11, 2019 The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.

Shell on the Prowl for Permian Deals
Monday, March 11, 2019 Shell is eyeing takeovers to take advantage of smaller drillers squeezed by costs and investors hungry for returns.

ExxonMobil Ups Earnings Projection
Wednesday, March 06, 2019 The bullish outlook stems in part from successes in South America and the Permian Basin.

Exxon, Chevron Expect Surge in Permian Production
Tuesday, March 05, 2019 ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024.

ExxonMobil Okays Baton Rouge Expansion Despite Hurdles
Friday, March 01, 2019 The company also named EPC contract winners.

ExxonMobil, Qatar Petroleum Find Gas Offshore Cyprus
Thursday, February 28, 2019 ExxonMobil and Qatar Petroleum have discovered natural gas on the Glaucus-1 prospect offshore Cyprus.

ExxonMobil Beaumont Contract Goes to KBR
Tuesday, February 26, 2019 KBR has won a contract for offsites and interconnecting services in conjunction with ExxonMobil's Beaumont Refinery expansion.

ExxonMobil Extends Rowan Drillship Contract
Thursday, February 14, 2019 The supermajor has contracted the ultra-deepwater drillship since September 2018.

$10B-plus Texas LNG Project Gets Go-ahead
Tuesday, February 05, 2019 The Southeast Texas project will create more than 9,000 jobs.

Onshore-Offshore Vietnam Contract Goes to Saipem
Wednesday, January 30, 2019 The 'Blue Whale' project could generate $20B for Vietnam's government.

Offshore Australia Project Marks Step-Change
Wednesday, January 16, 2019 Subsea 7 and Schlumberger's OneSubsea will deliver a new subsea flowline to an existing natural gas pipeline. PHOTO SOURCE: Subsea Integration Alliance

Venezuela Will Remap its Caribbean Oil, Gas Prospects
Wednesday, January 09, 2019 Venezuela will remap its Caribbean oil and gas prospects.

Offshore Guyana Wildcat Spuds
Monday, January 07, 2019 A Stena drillship has begun drilling the Haimara-1 exploration well.

Venezuela Unites (For Once) Around Guyana
Thursday, December 27, 2018 The socialist government of Venezuela and its political opponents at home who have been starkly divided over the past two decades on the best path forward for the country.

ExxonMobil Headed for Worst Year Since 1981
Wednesday, December 26, 2018 Things haven't been this bad for the world's biggest oil stock since Ronald Reagan became president.

ExxonMobil and BHP Greenlight Offshore Australia Project
Thursday, December 13, 2018 The project will develop one of the largest remaining sweet gas reservoirs in Australia's Bass Strait through a two-well brownfield tieback.

Deepwater Block Writing Guyana's Future
Wednesday, December 05, 2018 Latest discovery pushes Guyana to become LatAm oil production heavy-hitter.

Offshore Guyana Estimate Gets Another Upgrade
Monday, December 03, 2018 ExxonMobil reports that it made its 10th discovery offshore Guyana.

Papua LNG Partners Take Step Toward Investment Decision
Monday, November 19, 2018 The MoU that Total, ExxonMobil and Oil Search signed with the PNG government defines key terms of the project's gas agreement.

ExxonMobil's Wood Says Size Doesn't Matter in M&A Deals
Tuesday, November 06, 2018 The world's biggest public energy company doesn't worry about size when it comes to potential deal-making.

ExxonMobil and Chevron Report Strongest 3Q Results in 4 Years
Friday, November 02, 2018 ExxonMobil and Chevron deliver their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude.

New Antwerp Delayed Coker to Support IMO Compliance
Wednesday, October 31, 2018 ExxonMobil has started operations of a new 50,000-bpd delayed coker unit at its 320,000-bpd Antwerp refinery in Belgium.

Why Majors Will Take a Bigger Role in US Shale
Monday, October 29, 2018 As plays mature, expect major oil companies to play a growing and critical role in its future development.

NY Sues ExxonMobil on Climate Change
Wednesday, October 24, 2018 Lawyers for ExxonMobil stood before a New York judge in August and told the state's attorney general to 'put up or shut up.'

Ex-Schlumberger Chief to Acquire Biggest Shale Pipe Servicer
Friday, October 19, 2018 Sentinel plans to acquire Strike LLC and take the dominant US pipeline services company public.

Exxon Exploration Chief Eyes Africa for Next Elephant Oil Find
Thursday, October 18, 2018 ExxonMobil is targeting western and southern Africa for the world's next big oil bonanza.

Tight Oil, Shale to Drive Majors' Output to New Highs
Tuesday, October 16, 2018 By the middle of the next decade, US unconventionals will generate up to $20 billion of annual cash flow for the Lower 48.

Oil Majors Offload Gulf of Mexico Fields to Hunt Bigger Finds
Friday, October 12, 2018 Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it's home runs or bust.

Offshore Guyana Pipe Coating Contracts Go to Shawcor
Friday, October 05, 2018 Shawcor to provide thermal insulation and anticorrosion pipe coating services.

ExxonMobil Cranks Up New Unit in Beaumont
Thursday, September 27, 2018 ExxonMobil adds fuels production in Beaumont.

Offshore Namibia Dud Dims Outlook for New Play
Monday, September 24, 2018 Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery.

Exxon, Chevron and Occidental Join Oil and Gas Climate Group
Thursday, September 20, 2018 Supermajors Exxon and Chevron along with Occidental Petroleum are the latest three companies to join group committed to addressing climate change.

The $20B Race to Eclipse Norway's Elite Oil Producers
Thursday, September 13, 2018 The race is on to become Norway's biggest non-state oil company.

Exxon Eyes Upgrading UK Refinery For More Than $650MM
Tuesday, September 11, 2018 ExxonMobil is planning to spend more than $650 million to upgrade the UK's largest oil refinery.

Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
Friday, September 07, 2018 The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction.

ExxonMobil May Build World-Scale Cracker in Pearl River Delta
Thursday, September 06, 2018 ExxonMobil's decision to proceed hinges on the receipt of permits, project competitiveness and other factors.

US Energy Operations Begin Recovering After Tropical Storm Gordon
Wednesday, September 05, 2018 Energy companies and port operators along the US Gulf Coast took steps to resume operations after Tropical Storm Gordon.

ExxonMobil Says Blockade Threatens Production At Nigeria Oil Facilities
Tuesday, September 04, 2018 ExxonMobil says that a blockade by former employees threatens crude production at oil facilities in Nigeria.

Guyana Can Become Richest Corner of the Continent
Friday, August 31, 2018 Analysis from WoodMac says ExxonMobil's latest discovery offshore Guyana will help the country create the greatest value of any offshore basin.

Hammerhead-1 Strikes Offshore Guyana
Thursday, August 30, 2018 The hits keep on coming offshore Guyana, where ExxonMobil, Hess and CNOOC's Nexen unit have made their ninth discovery.

Big Oil's Exit Turns into Revival for Norway
Monday, August 27, 2018 The turnaround shows how the changing make-up of Norway's oil industry is putting assets in the hands of new companies willing to invest billions of dollars.

ExxonMobil Seeking to Buy Renewable Energy for Delivery in Texas
Monday, August 27, 2018 ExxonMobil has been looking to buy renewable energy for delivery in Texas, according to people familiar with the matter.