With a long-term strategy less tied to commodity prices than global energy demand, ExxonMobil is keying its 2020 plans to a string of opportunities in the Permian Basin, deepwater Guyana discoveries and two big natural gas export projects overseas.
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A sequential decline in global natural gas and oil prices during 3Q2019 is expected to impact quarterly profits for ExxonMobil Corp.
Emergency crews on Wednesday afternoon were working to extinguish a fire that erupted at the ExxonMobil Baytown Olefins Plant on the Houston Ship Channel, which houses one of the largest ethylene plants in the world.
ExxonMobil Corp., Plains All American Pipeline LP and Lotus Midstream LLC said Wednesday they have ordered nearly 650 miles of U.S.-sourced 36-inch diameter pipeline to advance a 1 million b/d system to move oil supply from the Permian Basin to the Texas coast.
ExxonMobil Corp. is partnering with IBM to advance the use of quantum computing to develop next-generation energy and manufacturing technologies.
The chief executives of the largest U.S. oil and gas businesses in the country on Tuesday said the Trump administration’s decision to impose tariffs may imperil relationships with overseas markets and dampen energy demand.
Qatar Petroleum (QP) on Monday snapped up its first significant international stakes in unconventional oil and natural gas resources in an agreement with ExxonMobil Corp. to become an equity holder in the Vaca Muerta formation onshore in Argentina’s Neuquén Basin.
Claiming ExxonMobil Corp. was “running roughshod over the adage that the best defense is a good offense,” a U.S. District Court judge last week said a federal lawsuit may not be used to fight state investigations that question whether climate change statements made by the corporation amount to fraud.
ExxonMobil Upstream Research Co. has signed a three-year joint agreement with MagnaBond LLC to develop technologies that could enhance cost-effective evaluation of well cementing, casing and tubing.
Even as supplies tighten, ample production from U.S. unconventional drilling will pressure commodity prices for years to come, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.