Tag:
Exxon Mobil
Energy News
Exxon Mobil CEO’s Compensation Climbs Amid Shareholder Discontent
Exxon Mobil has disclosed that its Chief Executive, Darren Woods, received a total compensation package of $36.9 million for the year 2023, marking a...
Energy News
Exxon Mobil Forecasts First-Quarter Operating Dip Due to Weaker Oil and Gas Prices
Exxon Mobil signaled a decline in first-quarter operating results on Wednesday, citing weaker oil and gas prices along with substantial losses in fuel derivatives.
The...
Energy News
Exxon Mobil Lowers Capex Estimate to $23-25 bn Despite Robust 2023 Profit
Exxon Mobil, the largest U.S. producer of oil, unveiled its strategic financial outlook, disclosing plans for capital spending ranging from $23 billion to $25...
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...