Tag Archives: Exxon Mobil Corporation

Exxon is now circling the same distressed prize Chevron has been eyeing: chunks of Lukoil’s global portfolio, suddenly up for grabs after Washington loosened the legal chokehold on the sanctioned Russian major. Multiple sources say Exxon is actively weighing options to acquire Lukoil assets in Kazakhstan, where both companies already …

Exxon is considering a return to Iraq after leaving the country two years ago, Bloomberg reported, citing an unnamed source who said Exxon was interested in developing the massive Majnoon field. The Majnoon field has estimated reserves of 38 billion barrels, which makes it one of the biggest in the …

ExxonMobil has quietly signed a non-binding agreement with Russia’s state-run Rosneft that could open the door to recovering billions lost when it exited the Sakhalin-1 project after Moscow’s invasion of Ukraine. Sources told that Reuters the pact, inked in late August or early September, sets the terms for talks but …

Sales of electric vehicles are growing strongly despite a certain unevenness in this growth across the globe. But overall, this growth is not strong enough to give battery researchers a break—work is still underway for batteries that are more reliable, faster to charge, and longer-living. In that, the EV industry …

The penalties proposed in the European Union’s climate and social responsibility legislation would be bone-crushing to any company, ExxonMobil’s chief executive Darren Woods told Bloomberg. The EU’s planned Corporate Sustainability Due Diligence Directive, which is designed to prevent adverse human rights and environmental impacts across a company’s value chains, has …

ExxonMobil has moved to strengthen its hand against climate-focused investor campaigns by introducing an auto-voting system for its massive retail shareholder base, Reuters reported on Monday. The plan, approved under a “no-action” letter from the SEC, will allow individual investors to opt in and have their votes automatically aligned with …

ords in 2025 Exxon projects global natural gas demand will rise more than 20% by 2050 from 2024 levels, driven by coal displacement in industry and growing electricity use in emerging markets, according to a Reuters report. The outlook underpins Exxon’s long-term strategy, including an 18% production increase over five …

The U.S. Embassy in Libya has welcomed the signing of a memorandum of understanding (MoU) between American energy giant ExxonMobil and Libya’s National Oil Corporation (NOC), aimed at advancing offshore natural gas exploration and production. In a statement, the embassy described the agreement as a development that would benefit both …

Exxon has inked a preliminary deal for exploration at four offshore blocks in Libya after a decade of absence from the country. The news was reported by Libya’s National Oil Corporation, which said the U.S. supermajor will conduct a detailed technical study of the blocks that are located off the …

Earlier this week, Chevron completed its acquisition of Hess Corp. It was one of the largest deals in the oil and gas space in recent history, after Exxon’s takeover of Pioneer Natural Resources, finalized in 2024. With that out of the way, the question begs to be asked: could the …