Exxon Mobil Corporation Company News

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Exxon Shareholders Say No to Splitting Chairman, CEO Roles
Wednesday, May 27, 2020Pressure for Exxon to appoint an independent chairman, separate to the CEO, has been building for years.

Big Jump Predicted for Nat Gas Prices
Friday, May 22, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them…

Exxon Unit Extends Tender Offer Again
Thursday, May 14, 2020XTO Energy, a wholly owned subsidiary of ExxonMobil, reported that it is extending its tender offer to purchase all outstanding units in Hugoton Royalty Trust.

Permian Drillers Slash Output Themselves
Monday, May 04, 2020On the same day OPEC-style oil quotas in Texas were pronounced dead on arrival, shale drillers disclosed more supply cuts.

Exxon Sees Historic Loss on Rout With Chevron in Retreat
Friday, May 01, 2020Exxon Mobil posted its first loss in at least three decades and Chevron slashed $2 billion off its spending plan.

XTO Energy Extends Offering to Buy Trust Units
Thursday, April 30, 2020The offer is now scheduled to expire on May 12, 2020.

Sonatrach Signs MOU With Exxon for Algerian Exploration
Wednesday, April 22, 2020Algeria has been pursuing foreign partnerships to boost output and exports.

Borr Wins APAC Jack-up Contracts
Wednesday, April 15, 2020Borr Drilling has secured letters of award for work in the Asia Pacific region for two of its premium jack-ups.

ExxonMobil Field Testing Methane Detection Tech
Monday, April 13, 2020The technology will detect leaks and identify solutions that can be shared with other oil and gas operators.

ExxonMobil Cuts $10B from 2020 Capex
Wednesday, April 08, 2020The supermajor is lowering its 2020 capital spending by 30 percent and its cash operating expenses by 15 percent.

Exxon's $10B in Cuts Won't Block Shale Growth
Tuesday, April 07, 2020Its production in North America's biggest shale region is still forecast to rise.

Exxon Joins Coronavirus Reusable PPE Effort
Friday, April 03, 2020Health care workers on the front-lines of the COVID-19 pandemic urgently need more face shields and masks.

Exxon Shortens Jack-up Contract
Tuesday, March 24, 2020Dubai-based Shelf Drilling Ltd. said its Trident XIV jack-up rig customer intends to terminate the contract early.

$131B Less Could Go to New Upstream Projects This Year
Tuesday, March 24, 2020Before the pandemic and the oil and gas demand slump, Rystad had forecast a $2 billion year-on-year decrease in E&P project sanctioning.

Oil War Truce Timeline Piques Interest
Friday, March 20, 2020Here's this week's review of the most-viewed Rigzone articles with some connection to the downstream.

Petronas, Exxon to Divest Stakes in Chad Project
Thursday, March 12, 2020The combined holdings of both oil companies could be worth over $1 billion.

Shell, Exxon Team up on Offshore Exploration in Somalia
Thursday, March 05, 2020Somalia has reached an initial roadmap with a Shell and ExxonMobil joint venture on offshore exploration.

Exxon Hits the Brakes on Permian After Virus Pummels Oil
Thursday, March 05, 2020It's one of the first signs that the majors are throttling back on production in response to the recent price slump.

ExxonMobil Awards Guyana AUV Contract
Monday, March 02, 2020This photo shows a collection of AUVs. PHOTO SOURCE: Ocean Infinity

Exxon, Others to Launch Virtual LNG Pipelines in India
Tuesday, February 25, 2020Chart Industries President and CEO Jill Evanko, center, at Monday's LNG virtual pipeline signing ceremony in India seated with ExxonMobil and IOCL officials. US and Indian dignitaries, standing, look on. PHOTO SOURCE: Chart Industries, Inc.

Exxon Boosts Guyana-Suriname Drilling Role for Noble
Wednesday, February 12, 2020Noble Corp. plc has executed a commercial enabling agreement with ExxonMobil that provides a framework for ongoing drilling services in the Guyana-Suriname Basin.

Baton Rouge Refinery Outage Could Ease Gasoline Glut
Wednesday, February 12, 2020A fire broke out overnight at Exxon Mobil Corp.'s Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the U.S.

Global Oil, Gas Discoveries Hit Four-Year High in 2019
Thursday, February 06, 20202019 was the best since 2015 for new hydrocarbon supplies.

Permian Proves to be Double-Edged Sword for Exxon, Chevron
Friday, January 31, 2020Exxon shares fell so much on Friday that the decline wiped out $12 billion in market value in less than three hours.

Exxon Marks Stabroek Sweet 16
Monday, January 27, 2020ExxonMobil, operator of the Stabroek Block offshore Guyana, on Monday reported an oil discovery at the Uaru exploration well, located near the producing Liza field.

Oil Industry Climate Suits Have Poor Track Record
Friday, January 24, 2020Attempts to make Big Oil pay for climate change may be impossible.

Exxon Mulling Upstream Asset Sales in North Sea, Germany
Thursday, January 23, 2020The two sales could fetch more than $2 billion combined.

Oil, Gas Supermajors Living Beyond their Means
Thursday, January 16, 2020Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.

ExxonMobil Rolling Out Amazon Assistant at Pump
Monday, January 06, 2020The new payment option will be initially be available only in the U.S. PHOTO SOURCE: Amazon

Exxon Wins US Suit Over $2MM Ukraine-Sanctions Fine
Thursday, January 02, 2020Exxon won a lawsuit challenging a $2 million fine levied against it by U.S. Treasury Secretary Steven Mnuchin after the company allegedly violated Ukraine-related sanctions.

Exxon Secures Exploration Acreage Offshore Egypt
Monday, December 30, 2019Exxon Mobil Corp. said Monday it has secured more than 1.7 million acres for exploration offshore Egypt.

Offshore Drilling Poised for an Upswing in 2020?
Friday, December 27, 2019Increasing interest in offshore drilling owes much to the industry's success in reducing costs by between 30-40 percent and increasing productivity.

The 2019 Downstream Countdown: 15 to 11
Thursday, December 26, 2019This segment of articles in Rigzone's Top 20 downstream recap focus on contaminated crude oil and new construction projects.

Guyana Becomes Oil Producer
Monday, December 23, 2019Exxon Mobil Corp. and partners Hess Corp. and CNOOC Limited reported that the Liza field in the Stabroek Block offshore Guyana has achieved first oil.

Exxon Hits More Oil Pay Offshore Guyana
Monday, December 23, 2019Exxon Mobil Corp. and Hess Corp. Monday reported another oil discovery offshore Guyana at the Mako-1 well southeast of the Liza Field.

Transocean Rig to Mobilize in Caribbean
Friday, December 13, 2019Transocean has won a one-year contract offshore Trinidad and Tobago for its Development Driller III semisub.

Exxon Wins Over NY in Climate Accounting Case
Tuesday, December 10, 2019New York initially claimed that former Exxon CEO Rex Tillerson had spearheaded the scheme to dupe investors.

Shale Has Delinked US Oil and Gas Prices
Friday, December 06, 2019These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy.

Exxon Makes Gulf Coast Services Deal with Worley
Wednesday, November 27, 2019Exxon Mobil Global Services Co. has entered into an enabling agreement with Worley.

Top Upstream Companies in Predictive Maintenance
Tuesday, November 26, 2019GlobalData has identified the 'leading' upstream companies that are adopting predictive maintenance technologies in the oil and gas industry.

Exxon Says NY Used Fraud Claims to Land Political Points
Monday, November 18, 2019You'd expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon.

ExxonMobil Awards Guyana Subsea Contract
Thursday, November 14, 2019Saipem will begin limited activities under its latest contract from ExxonMobil's Guyana subsidiary.

Exxon Blasts NY for Walking Back Claims at Trial's End
Friday, November 08, 2019The New York AG's office dropped its claim that Exxon intentionally misled investors about how it accounts for the financial risks of climate change.

ExxonMobil Awards Guyana FPSO Contract
Friday, November 08, 2019SBM Offshore has won FEED contracts for the Payara development vessel.

Fracking Could Revive Colombia's Oil and Gas Game
Thursday, November 07, 2019Fracking could give Colombia's oil industry a new lease on life.

Oil Industry Balancing Growth, Carbon Footprint Cuts
Tuesday, November 05, 2019Here are a few popular industry strategies for cutting carbon footprints.

Exxon Posts 49 Percent Profit Loss in 3Q
Friday, November 01, 2019ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, nearly half of its profit from one year ago, according to the company's third quarter earnings statement.

Giant Offshore Brazil Oil Discovery May Be Expensive for Exxon
Friday, November 01, 2019Exxon Mobil Corp. could take a pass on what it considers the world's top deepwater oil discovery when Brazil puts the giant Buzios field up for auction next week.

Fmr Exxon CEO: Climate Change With Us Forever More
Thursday, October 31, 2019Ex-Exxon Mobil CEO Rex Tillerson took the witness stand and explained that the company knew for years how climate change was a significant threat to the world.

Deepwater Transformation Sparking New Interest
Thursday, October 17, 2019Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.