Exxon

US President Donald Trump said Sunday that he is inclined to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicols Maduro. I didn't like Exxon's response, Trump said to reporters on Air Force One as he departed West Palm Beach, Florida. They're playing too cute. During a meeting Friday with oil executives, Trump tried to assuage the concerns of the companies and said they would be dealing directly with the US, rather than the Venezuelan government. Some, however, weren't convinced. If we look at the commercial constructs and frameworks in place today in Venezuela, today it's uninvestable, said Darren Woods, CEO of ExxonMobil, the largest US oil company. Also on Friday, Trump signed an executive order that seeks to ensure that Venezuelan oil revenue remains protected from being used in judicial proceedings. The executive order, made public on Saturday, says that if the funds

CEO Woods said Exxon was ready "to put a team on the ground" if there is an invitation from the Venezuelan government and appropriate security guarantees

The biggest US oil producer made clear that it is ready to take advantage of lower oil prices and make acquisitions, but only if it is confident that it can create additional value

Chevron has scored a critical ruling in Paris that has given it the go-ahead for a USD 53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris. Exxon had challenged Chevron's bid for Hess, one of three companies with access to the massive Stabroek Block oil field off the coast of Guyana. We disagree with the ICC panel's interpretation but respect the arbitration and dispute resolution process, Exxon Mobil said in a statement on Friday. Guyana is a country of 791,000 people that is poised to become the world's fourth-largest offshore oil producer, placing it ahead of Qatar, the United States, Mexico and Norway. It has become a major producer in recent years. Oil giants Exxon Mobil, China's CNOOC, and Hess squared off in a heated competition for highly lucrative oil fields in northern South America. With Chevron .

Lower corporate costs also enabled the company to beat profit estimates, said RBC Capital Markets analyst Biraj Borkhataria. Earnings from producing gasoline and diesel were $323 million

With about 8.3 million people, New York City said the companies falsely portrayed themselves in ads and social media as climate change leaders despite minimal investments in clean energy

Exxon's third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron surpassed estimates by 11 cents

Tesla fell 1.9 per cent to $147.05 a share on Friday, making it the second-worst performing stock in the S&P 500 Index this year

The list of national oil companies includes Brazil's Petrobras, Nigeria's NNPC and Kazakhstan's KazMunaiGaz. China's largest oil and gas companies haven't joined

Exxon's oil and gas pumping business was hurt by a 60% drop in natural gas prices compared with a year ago

Exxon's oil production is at 3.7 million barrels of oil equivalent per day (boed) year to date, in line with the company's annual target, Mikells said

For its part, Exxon's equity value has been steadily climbing since hitting a two-decade low in early 2020, when the outset of the Covid-19 pandemic sent crude prices into a tailspin

High prices, margins lift majors to best quarters in history; Exxon earnings surpass previous record set in 2012

US President Joe Biden has pointed out oil firms who are making stellar profits amid severe inflation which has gripped the entire world

Exxon said Monday that first-quarter results may have been as much as $2 billion higher than earnings during the final three months of 2021

US tech giant Apple said it had stopped sales of iPhones and other products in Russia

Russia's attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent.

Total agreed last year to invest in four oil, gas and renewables projects in the southern Basra region over 25 years

Rebounding demand for oil, gas and chemicals helped

This comes after a tumultuous year led to major spending reductions.