Tag:

Exxon Mobil

Exxon Mobil’s California Exit Faces Obstacles Despite $2.5 bn Write-Down

In a bid to conclude half a century of offshore oil production in California, Exxon Mobil’s recent write-down of approximately $2.5 billion concerning troubled...

Exxon Mobil to Write Down $2.5 bn in California Assets, Warns of Reduced Operating Profits

Exxon Mobil has issued a cautionary note, announcing a projected write-down of approximately $2.5 billion concerning California assets in the fourth quarter. The largest...

Exxon Mobil Outlines Conservative Project Spending Goals Till 2027

Exxon Mobil has unveiled its strategic plan to maintain annual project spending between $22 billion and $27 billion through 2027, marking a continuation of...

Exxon Mobil Targets Lithium Production by 2027 for EV Market Surge

Exxon Mobil, one of the world’s largest oil companies, plans to enter the lithium production market by 2027. The move is aimed at meeting...

Exxon Mobil Posts Lower Third-Quarter Profit Despite Hike in Crude Oil Prices

Exxon Mobil has reported a third-quarter profit of $9.1 billion, marking a significant decrease of 54 percent from the same period a year ago. While...

Exxon Mobil Announces Acquisition of Pioneer Natural Resources in Historic $59.5 Billion Deal

In a historic move that reshapes the landscape of the energy industry, Exxon Mobil Corporation has revealed a definitive agreement to acquire Pioneer Natural...

Exxon Mobil Nears $60 bn Acquisition Deal for Pioneer Natural Resources

Exxon Mobil, a global energy major, is reportedly in advanced negotiations to acquire Pioneer Natural Resources, a prominent producer in the Permian shale basin,...

Exxon Mobil Anticipates Strong Third-Quarter Profits Amidst Elevated Oil Prices

Exxon Mobil, one of the largest oil producers in the United States, has revealed that significant upticks in oil, gas, and fuel prices are...