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ExxonMobil Takes Lead on Papua LNG, Slashing Costs by $4 Billion
TotalEnergies is transferring operatorship of the Papua LNG project in Papua New Guinea to ExxonMobil. This transition leverages synergies with the adjacent...
Exxon Mobil Nears Venezuela Energy Deals, Gaining Operational Control
Exxon Mobil and several international energy firms are nearing final agreements in Venezuela, according to Reuters. The deals follow months of negotiations and...
Trump Names ExxonMobil in Venezuela Oil Push; Company Remains Silent
U.S. President Donald Trump on Monday identified ExxonMobil as among the American energy companies that are “going in” to Venezuela. The statement follows the...
Brent crude nears $90, as U.S. and Iran trade strikes
Global oil prices rose more than 2% on Monday. Brent crude futures climbed toward $90 a barrel. West Texas Intermediate rose above $85. The U.S. military...
Exxon Mobil Turns to Automated Drilling in Permian to Boost Output
Exxon Mobil deploys automated, robotic drilling rigs in the Permian Basin of West Texas and New Mexico. These rigs enhance efficiency and worker safety. The...
Exxon Warns Tengiz Oilfield Nears Peak, Forecasting 40% Production Slump
Exxon Mobil formally warned Kazakhstan that the giant Tengiz oilfield is nearing peak output. Production at the country's largest field will plateau next year...
ExxonMobil Taps Targa for 20-Year Permian Deal, Sparking $5 Billion Expansion
ExxonMobil signed new 20-year, fee-based midstream agreements with Targa Resources to support Permian Basin operations. The deal covers natural gas gathering,...
ExxonMobil Awards $1.1 Billion for Mozambique LNG, Signaling Project Restart
ExxonMobil awarded approximately $1.1 billion in pre-investment contracts for the Rovuma LNG Phase 1 project in Mozambique. The contracts cover upstream...
Major Oil Producers Generate Record $70 Billion Free Cash Flow in Q2 2026
The world's five largest international oil companies reached a historic financial milestone during the second quarter of 2026. These energy giants collectively...
ExxonMobil Challenges EU Carbon Storage Mandate, Citing Net Zero Act
ExxonMobil launched an investor-state dispute against the European Commission over mandatory carbon storage obligations. The legal challenge targets a central...
🟢 Exxon Mobil is trading 3.14% up today as Iran's conditions limit Strait of Hormuz reopening
Exxon Mobil is trading 3.14% up now at $157.84 as crude prices strengthen after Iran imposed conditions for reopening the Strait of Hormuz. - Brent rose about...
Oil prices jump, as Iran sets conditions to reopen Strait of Hormuz
Oil prices rose on Monday amid mounting uncertainty regarding the reopening of the Strait of Hormuz. Brent crude surpassed $84 per barrel. U.S. West Texas...
Exxon Mobil offers $80B Kazakhstan expansion, seeks end to $150B dispute
Exxon Mobil proposed an $80 billion joint investment to develop the western Kashagan oil field. The project involves a 50-50 joint venture with state-owned...
Trump Pressures ExxonMobil Over Record Profits and High Fuel Prices
President Donald Trump publicly criticized ExxonMobil and Chevron. He stated the companies were "making too much money" from high fuel prices. Trump urged them...
ExxonMobil expands LNG beyond Middle East, targeting global demand growth
ExxonMobil announced on August 3, 2026, that its liquefied natural gas (LNG) pipeline will expand beyond the Middle East. Chairman and CEO Darren Woods...
ExxonMobil's second-quarter 2026 adjusted EPS misses estimates despite record Permian and Upstream production.
ExxonMobil reported second-quarter 2026 adjusted earnings of $14.7 billion, or $3.52 per share, missing analyst estimates. The company generated $23.6 billion...
Exxon Mobil Stalls Venezuela Oil Deal, Citing Rivalry and Poor Terms
Negotiations between Exxon Mobil and other major U.S. oil companies with Venezuela over prime drilling locations reached an impasse. Intense competition among...
Exxon Mobil Corp Q2 2026 Earnings Preview: What Analysts Expect on July 31, 2026
Exxon Mobil is expected to report Q2 2026 revenue of $98.35 billion and EPS of $3.79, with the stock currently trading at $156.80 compared to an analyst target...
🟢 Exxon Mobil is trading 3.7% up today as oil prices jump on Middle East tensions
Exxon Mobil is trading 3.7% up at $158.64 as energy stocks rally alongside a sharp jump in crude prices driven by renewed geopolitical tensions in the Middle...
🔴 Exxon Mobil is trading 3.05% down today as crude prices slump on easing Middle East tensions
Exxon Mobil is trading at $152.15 (-3.05%) in pre-market after crude prices dropped sharply overnight on easing Middle East tensions. • Global benchmarks are...