ExxonMobil, Chevron clock best month since 2022 as crude surges
ES of US oil giants ExxonMobil and Chevron notched their largest monthly gains in more than three years, boosted by rising energy prices, geopolitical tensions and improving…
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ExxonMobil
ExxonMobil beats Wall Street targets for Q4 profit with help from lower-cost oil production
ExxonMobil beat Wall Street targets in fourth-quarter earnings reported on Friday (Jan 30), with lower-cost oil production in the Permian Basin and Guyana helping to boost the No…
ExxonMobil calls Venezuela ‘uninvestable’ as Trump pushes oil plan
Low prices are viewed warily within the oil industry, which the US president is counting on to keep pumping crude Major US oil executives expressed caution about US President Donald…
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore’s Jurong…
ExxonMobil beats Q3 profit estimates on higher Guyana, Permian production
ExxonMobil beat Wall Street estimates for third-quarter earnings on Friday (Oct 31), underpinned by higher oil and gas production in Guyana and the Permian Basin which offset lower oil…
ExxonMobil expects up to US$300 million boost to Q3 upstream earnings from oil prices
EXXONMOBIL said on Monday changes in crude oil prices over the third quarter could impact the company’s upstream earnings from negative US$100 million to as much as a positive US$300…
ExxonMobil reports 23.4% drop in profits on lower crude prices
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from higher oil and gas production. The petroleum…
ExxonMobil sees US$1.5 billion earnings hit from lower oil, gas prices
The company “has a much smaller trading organisation than its European peer Shell, and thus was not impacted by the same issues” ExxonMobil expects lower oil and gas prices to…
ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources
THE largest bloc of petrol stations in Singapore may soon hit the market. US energy major ExxonMobil – which is believed to have 59 petrol stations under the Esso brand in Singapore – is…
ExxonMobil is said to weigh sale of US$1 billion Singapore gas stations
OIL major ExxonMobil is considering a sale of its gas stations in Singapore, which could raise about US$1 billion, according to sources familiar with the matter. ExxonMobil is working with…
ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus
NICOSIA, Cyprus (AP) — ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off…
ExxonMobil expects third-quarter earnings were hit by lower oil prices
A SLUMP in oil prices probably reduced ExxonMobil’s third-quarter upstream earnings by US$600 million to US$1 billion, the oil major signalled in a regulatory filing published on Thursday…