Tag:
Exxon Mobil
Energy News
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...
Energy News
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...
Energy News
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...
Electric Vehicle
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...
Energy News
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...
Energy News
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...
Energy News
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,...
Energy News
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...