Exxon

Exxon tops Q2 profit estimates, eyes value-driven acquisitions ahead

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 clears final hurdle to acquire Hess in $53 billion mega deal

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 .

Exxon reports mixed Q4 results with strong production, weak refining profit

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

NYC lawsuit against Exxon, BP, Shell over climate change dismissed

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, Chevron beat analysts' estimates on Permian oil supply boost

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

Exxon Mobil's market value surpasses Tesla's as oil rises, EV sales slow

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

COP28 climate summit 2023: Exxon, Aramco lead emissions cut pledge

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 posts sharply lower $9.1 bn profit on lower oil, gas prices

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

Exxon Mobil Corp posts 56% profit slump, joins peers in energy price hit

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

Big oil stages a grand comeback as Exxon's valuation passes Tesla

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

US oil giants Exxon, Chevron post blowout earnings, ramp up buybacks

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

Biden chides Exxon, oil firms for profits as US faces record inflation

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

ExxonMobil flags biggest profit in 13 years due to surging oil prices

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

Ukraine crisis: Boeing, Apple and Exxon make a retreat from Russia

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

Exxon faces new pressure over dealings with Russia's Rosneft

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.

Iraq's $27 bn deal with France's Total stuck over contract wrangling

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

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

Exxon posts $2.7 billion quarterly profit after unprecedented year

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

Exxon scales back shale ambitions to focus on low costs, saving dividend

The top U.S. oil producer incurred a historic loss of US$22.4 billion last year and is trying to convince a skeptical Wall Street that it can rebound

Hit by Covid-19 pandemic, oil giants Exxon, BP post huge 2020 losses

Exxon Mobil Corp. reported the largest losses in its history nearly $20.1 billion for the fourth quarter, including more than $19 billion to write down the value of company assets