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Tag: Exxon

Exxon to divest some UK, North Sea assets for over $1 billion

Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1…

Exxon Exits Kurdistan License

DNO (FRA: NK1A) has announced the acquisition of ExxonMobil’s (NYSE: XOM) 32 percent interest in the Baeshiqa license in the Kurdistan region of Iraq The…

S&P downgrades ratings of Chevron, Exxon, ConocoPhillips

Exxon Mobil Corp., Chevron Corp., and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the…

Exxon’s latest multi-billion writedown signals another quarterly loss

(Bloomberg) –Exxon Mobil Corp., which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss Exxon confirmed in…

Exxon sets greenhouse gas reduction targets, eliminating flaring by 2030

HOUSTON (Bloomberg) – Exxon Mobil announced several new emissions targets and will start publishing pollution related to customer use of its products, days after activist…

Total And Exxon Renegotiate A Major Gas Sharing Deal

Supermajors ExxonMobil and Total are renegotiating a natural gas resource sharing deal for their respective liquefied natural gas (LNG) projects offshore Mozambique, Reuters reports, citing sources…

Will Exxon Sell Iraq Field Stake to Chinese Firms?

China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which…

Exxon’s Deepest Guyana Oil Well Disappoints

After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country…

With little left to cut, oil majors must wait for a recovery

It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting…

Exxon posts deepest-ever loss as Covid-19 destroys global oil demand

Exxon Mobil posted its worst loss in its modern history after the pandemic slammed headlong into a global crude glut to savage almost every part…

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