Tag Archives: Exxon Mobil Corporation

The Best Performing Oil Major In 2020

Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only exceled in financial and operational performance, but also was the …

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ExxonMobil and Petronas Discover Hydrocarbons in Block 52 off Suriname

ExxonMobil subsidiary ExxonMobil Exploration and Petronas Suriname Exploration & Production (PSEPBV) have discovered hydrocarbons offshore Suriname. The companies have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52. Drilled by operator Petronas, the latest discovery is being examined to determine the well’s resource potential. Block 52 covers an area …

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Exxon Mobil Plans Job Cuts

Exxon Mobil Corp is “very close” to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email. The second-largest U.S. oil company by market value lost nearly $1.7 billion in the first six months and analysts …

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Oil Exploration up in the Air as Prices Dive

The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remains essential to their existence. While the sector is increasingly diversifying into greener energies such as wind power, its core business remains oil and gas. …

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10 Reasons to Sell ExxonMobil Now

In January 2017, Rex Tillerson left to join the Trump administration as Secretary of State (and was permitted to sell more than $50 million in directly held Exxon stock tax free). His replacement, CEO Darren Woods — now nearly four years into the job — has presided over a 50% …

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