exxon

ExxonMobil’s Trio of Priorities Pinned to Prized LNG Prospects, Permian and Guyana

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.

March 6, 2020

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.

October 2, 2019

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.

July 31, 2019
ExxonMobil, Partners Advancing 1 Million B/d Oil Pipe from Permian to Houston Area

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.

January 30, 2019

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.

January 10, 2019

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.

June 26, 2018

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.

June 4, 2018

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.

April 2, 2018

ExxonMobil, MagnaBond Collaborating on Well Integrity Technology

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.

January 17, 2018

U.S. Unconventionals to Pressure Oil Prices for Years, Says ExxonMobil Chief

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.

October 19, 2016
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