Exxon Mobil Corporation Company News

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Exxon Starts Drilling At Offshore Guyana Projects
Tuesday, June 12, 2018 ExxonMobil says it started development drilling in three offshore Guyana projects.

Sources Say ExxonMobil to Take Baby Steps to Expand Oil Trading Unit
Tuesday, June 12, 2018 ExxonMobil is dipping its toe in the world of oil trading, hiring executives and showing an appetite for expanding its operations.

Ifax: ExxonMobil Sees Russian LNG Plant's Capacity At 6.2MM T/Year
Thursday, June 07, 2018 ExxonMobil and Rosneft expect their future joint project to produce more than 6.2 million tonnes of LNG per year.

Exxon CEO Urges New York Prosecutor To Rethink Climate Change Probe
Wednesday, May 30, 2018 ExxonMobil's chief executive hopes the new attorney general in New York 'comes to a different conclusion.'

ExxonMobil CEO's Solution on Shares: Drill Big, Drill Better
Thursday, May 24, 2018 Darren Woods is mounting a strong defense of his plan to rescue ExxonMobil from its share-price slump.

ExxonMobil to Slash Gas Flaring 25% by 2020 in Emissions Push
Wednesday, May 23, 2018 ExxonMobil plans to reduce the amount of natural gas it burns as waste by a quarter within two years.

An Upstream Comeback with Less Splash but More Cash?
Friday, May 11, 2018 Capital spending with free cash flow, rather than debt, is a hallmark of the 'new normal.'

Guyana's Production Ramp-up Demands Compliance Changes, New Infrastructre
Wednesday, May 02, 2018 ExxonMobil anticipates 450,000 barrels per day of oil production from the South American country by 2020.

Big Oil Investors Show They Want More Than Just Profit
Tuesday, May 01, 2018 Big Oil's investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback.

ExxonMobil Says PNG LNG Plant Back To Normal Production Rates
Monday, April 30, 2018 ExxonMobil restarts second LNG train at its Papua New Guinea liquefied natural gas plant.

ExxonMobil Misses, Chevron Crushes Estimates in Mixed Day for Big Oil
Friday, April 27, 2018 For the biggest US oil explorers, the first quarter was a study in contrasts.

Exxon Mobil Offers PNG LNG Cargo for May Delivery to N. Asia -Traders
Tuesday, April 24, 2018 Exxon has offered a liquefied natural gas cargo from its recently restarted Papua New Guinea plant for delivery into the Japan, Korea, Taiwan (JKT) region in May, two traders with knowledge of the matter said.

Big Oil Gets Little Love With Toxic Troika Shadowing Revival
Tuesday, April 24, 2018 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 Weah Orders Probe of Exxon 2013 Oil Deal
Wednesday, April 18, 2018 Liberian President George Weah orders a probe into ExxonMobil's 2013 deal for drilling rights off the West African nation's coast.

Exxon, Qatar in Talks for Potential US Shale Deal - Report
Tuesday, April 10, 2018 Exxon Mobil is in talks with Qatar over a possible deal that could see the country investing in the company's U.S. gas resources, the Wall Street Journal reported, citing people familiar with the matter.

Exxon Sparks IMF Concern With Weighty Returns in Tiny Guyana
Monday, April 09, 2018 Exxon Mobil Corp. got such a "favorable" deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.

Tanker Docks at ExxonMobil's Papua New Guinea LNG Export Terminal
Monday, April 02, 2018 A liquefied natural gas (LNG) tanker has docked at ExxonMobil's Papua New Guinea export plant, which has been shut since late February following a powerful earthquake.

Exxon Can't Dodge State Climate Change Probes, Judge Says
Friday, March 30, 2018 US District Judge Valerie Caproni in Manhattan dismissed Exxon's lawsuit claiming officials in New York and Massachusetts conspired with environmental groups.

ExxonMobil May Add Gulf Coast Polypropylene Capacity
Tuesday, March 20, 2018 ExxonMobil eyes petchems expansion on US Gulf Coast.

Traders: ExxonMobil Buys LNG To Chill Quake-Hit Papua New Guinea Project
Monday, March 19, 2018 ExxonMobil Corp has bought a liquefied natural gas cargo to keep its Papua New Guinea plant cold.

Oil, Gas Leaders Warn Trump He Risks Harming Their Industry
Friday, March 16, 2018 The meeting came a week after Trump decided to slap a 25 percent levy on steel imports

Exxon Mobil Partnering With Pakistan for Third LNG Terminal
Friday, March 16, 2018 Pakistan has the largest appetite for LNG among emerging markets, according to Bloomberg New Energy Finance.

Tillerson Has 180 Million Reasons Not to Return to Oil Industry
Tuesday, March 13, 2018 It isn't clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry.

Exxon Woos Wall St. With Bold Plan To Double Earnings By 2025
Wednesday, March 07, 2018 ExxonMobil says it expects earnings to more than double by 2025 to $31 billion, with crude prices at or above current levels.

Exxon, Total, Repsol Among Bidders For Oil Exploration Off Greece
Monday, March 05, 2018 ExxonMobil, Total and Repsol are among members of two consortia that have submitted bids to explore for oil and gas off Greece.

ExxonMobil, Hess Strike Lucky No. 7 Offshore Guyana
Wednesday, February 28, 2018 Latest discovery to help propel offshore Guyana production past half a million barrels per day mark.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

ExxonMobil Hits Baytown Ethane Cracker Milestone
Wednesday, February 07, 2018 Production set to begin later this year.

ExxonMobil Stock Rout Deepens as Profit Flub Meets S&P 500 Plunge
Monday, February 05, 2018 ExxonMobil is on course for its steepest two-day stock rout in almost 2 1/2 years.

ExxonMobil, Chevron Disappoint by Missing Out on Industry Rebound
Friday, February 02, 2018 ExxonMobil and Chevron, usually trendsetters in the oil industry, are woefully off the pace.

Canada's Imperial Oil Misses Profit Estimate As Expenses Weigh
Friday, February 02, 2018 Imperial Oil reports a lower-than-expected adjusted quarterly profit.

ExxonMobil Names MetLife CEO Kandarian To Its Board
Thursday, February 01, 2018 ExxonMobil names MetLife Inc Chief Executive to its board of directors.

ExxonMobil to Triple Production in the Permian
Tuesday, January 30, 2018 ExxonMobil plans to ramp up its oil production in the Permian Basin in coming years.

ExxonMobil: Permian Growth Benefits to Reach Baton Rouge
Tuesday, January 30, 2018 Southeast Louisiana refinery to feel impact of West Texas production hike, says super-major.

ExxonMobil $50B Bonanza Returns Spending to Pre-Rout Level
Monday, January 29, 2018 ExxonMobil is set to spend $50 billion over the next half decade in a return to the oil giant's spending habits before crude suffered.

Oil's Heavy Hitters Line Up to Dive Into Mexico's Deep Waters
Friday, January 26, 2018 The sale will be Mexico's biggest, in terms of fields and expected investment, since Pemex's monopoly ended in 2013.

ExxonMobil Reports Papua New Guinea Discovery
Tuesday, January 16, 2018 Latest PNG discovery confirms southeast extension of P'nyang field.

Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory
Wednesday, January 10, 2018 New York City sues BP, Chevron, ConocoPhillips, ExxonMobil and Shell claiming they're the world's largest industrial contributors to climate change.

ExxonMobil Reports More Offshore Guyana Success
Friday, January 05, 2018 Ranger-1 is sixth in string of world-class discoveries offshore South American country.

Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices
Wednesday, December 20, 2017 Canada's offshore oil industry is drawing rising investment interest.

Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia
Tuesday, December 19, 2017 For Vladimir Putin, this is a second energy-sector victory in a little over a week.

Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects
Thursday, December 14, 2017 ExxonMobil and Petrobras form an alliance to develop energy projects around the world.

ExxonMobil to Lead Construction, Ops of Mozambique LNG Facilities
Wednesday, December 13, 2017 ExxonMobil assumes responsibility for midstream ops in deepwater Mozambique block.

ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo
Wednesday, December 06, 2017 ExxonMobil is joining Chevron and other US refiners to supply the newly free Mexico fuel market.

ExxonMobil to Evaluate Offshore Mauritania Blocks
Monday, December 04, 2017 Company plans seismic activities.

ExxonMobil To Merge Refining And Marketing Divisions
Friday, December 01, 2017 ExxonMobil says it would merge its refining and marketing divisions in the first quarter of 2018.

ExxonMobil Nears Deal To Explore For Oil And Gas Offshore Mauritania
Wednesday, November 29, 2017 ExxonMobil is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country.

ExxonMobil's Offshore Canada Project Produces First Oil
Tuesday, November 28, 2017 The Hebron oil project has produced its first oil, ExxonMobil says, in a boost to Atlantic Canada's output after years of weak crude prices.

Exxon Says $1B Antwerp Clean Fuels Unit Will Be Running By Mid-2018
Tuesday, November 28, 2017 ExxonMobil expects a new $1 billion fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company says.

ExxonMobil CEO Makes First Big Changes to Refining
Monday, November 27, 2017 Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company's refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said.