ExxonMobil’s natural gas, crude, power and petroleum products trading as of June 1 will become “one centralized trading organization for the whole corporation,” able to stand with any global competitor, CEO Darren Woods said Friday. The new Global Trading arm has been in the works in some form or fashion since 2018, Woods said during…
Articles from exxon
ExxonMobil’s Trio of Priorities Pinned to Prized LNG Prospects, Permian and Guyana
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.
Lower Natural Gas, Oil Prices Weighing on 3Q2019 Profits, Says ExxonMobil
A sequential decline in global natural gas and oil prices during 3Q2019 is expected to impact quarterly profits for ExxonMobil Corp.
Fire Erupts at ExxonMobil Olefins Complex on Houston Ship Channel
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.
NGI The Weekly Gas Market Report
ExxonMobil, SABIC Sanction $10B South Texas Petchem Project
ExxonMobil Corp. and its Saudi Arabian partner on Thursday pulled the trigger to sanction the world’s largest steam cracker, a 1.8 million metric ton/year project on the South Texas coast that would create thousands of jobs and billions in economic output.
ExxonMobil, Partners Advancing 1 Million B/d Oil Pipe from Permian to Houston Area
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.
Quantum Computing Potential Draws ExxonMobil into Partnership with IBM
ExxonMobil Corp. is partnering with IBM to advance the use of quantum computing to develop next-generation energy and manufacturing technologies.
ExxonMobil, Chevron CEOs Lament Trump Tariffs, See Potential ‘Drag on Growth’
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.
ExxonMobil Opens Door to Qatar Joining Vaca Muerta Shale Rush
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.
ExxonMobil Claims ‘Extremely Thin’ Against New York, Massachusetts AGs, Says Judge
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.