Tag Archives: Exxon Mobil Corporation

Iraq Aims to Finalize Exxon Oil Sale by June

Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run company overseeing crude production in the region, may open talks with more …

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Exxon Shocks as Oil Reserves Drop By A Third

Exxon slashed its oil reserves by almost a third in what is the most radical reserve revision in the company’s modern history. The supermajor reported reserves totaling 15.3 billion barrels as of the end of 2020 in a regulatory filing, cited by Bloomberg. This compared with 22.44 billion barrels a …

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ExxonMobil off 2050 Net-Zero Target, Activist Firm Says

Activist firm Engine No. 1, which has nominated four independent director candidates to the ExxonMobil board of directors, has sent a letter to Exxon claiming that it was falling short of what was expected regarding reaching climate goals set by the company. Engine No. 1 analysed ExxonMobil’s recent claims regarding …

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