Exxonmobil

Easton Energy Snags ExxonMobil’s South Texas Petrochemical Pipeline

Easton Energy Snags ExxonMobil’s South Texas Petrochemical Pipeline

Houston-based Easton Energy LLC is expanding its midstream assets in South Texas, agreeing to buy a petrochemical pipeline system from ExxonMobil for an undisclosed amount. The South Texas Pipeline System runs 720 miles from ExxonMobil’s Clear Lake and Katy gas plants near Houston to Energy Transfer LP’s King Ranch gas plant and the Port of…

November 12, 2020
New Mexico’s Reliance on Fossil Fuels Said Facing Reckoning from Volatile Oil Prices

New Mexico’s Reliance on Fossil Fuels Said Facing Reckoning from Volatile Oil Prices

New Mexico’s fiscal health is undergoing an “unprecedented sea change” with global markets signaling the “beginning of the end” for the state’s financial reliance on fossil fuels, the Institute for Energy Economics and Financial Analysis (IEEFA) reported Tuesday. IEFFA’s Tom Sanzillo, director of finance, co-authored the report with energy policy analyst Suzanne Mattei.  “Leases, royalty…

October 20, 2020
ExxonMobil Kicked from Blue Chip Index as Tech Gains Ground

ExxonMobil Kicked from Blue Chip Index as Tech Gains Ground

ExxonMobil is to be replaced on the Dow Jones Industrial Average effective Monday (Aug. 31) in a shakeup prompted by Apple Inc.’s decision to split its stock. The price-weighted, 30-stock, blue chip index said Salesforce.com would replace the Irving, TX-based supermajor. ExxonMobil has traded on the Dow since 1928. As recently as 2011, ExxonMobil was…

August 25, 2020
ExxonMobil Slashing Permian Rig Count, Forecasting Global Oil Glut Extending ‘Well into 2021’

ExxonMobil Slashing Permian Rig Count, Forecasting Global Oil Glut Extending ‘Well into 2021’

A global oil supply glut and scant demand resulting from Covid-19 pushed ExxonMobil to a historic loss in the second quarter, with nearly every corner of its operations slammed. The quarterly loss of $1.1 billion (minus 26 cents/share) was the deepest in history as transportation and petrochemical demand reversed. During 2Q2019, profits were $3.1 billion…

July 31, 2020
Majors Seeking to Streamline Portfolios through Oil, Natural Gas Asset Sales Amid Covid-19 Impacts, Rystad Says

Majors Seeking to Streamline Portfolios through Oil, Natural Gas Asset Sales Amid Covid-19 Impacts, Rystad Says

Oil and gas companies around the world have announced plans to divest non-priority assets with recoverable reserves totaling some 12.5 billion boe since December 2019, according to new analysis by Rystad Energy.

June 3, 2020
ExxonMobil Defeats All Shareholder Resolutions, while Chevron Investors Favor Climate Risk Reporting

ExxonMobil Defeats All Shareholder Resolutions, while Chevron Investors Favor Climate Risk Reporting

ExxonMobil and Chevron Corp. investors on Wednesday were generally unswayed by the historic downturn in oil prices and voted against nearly all shareholder-backed resolutions at their annual meetings. However, a push for more information about climate risks was given the green light by Chevron shareholders.

May 27, 2020
U.S. Energy Leaders BP, ExxonMobil, Chevron, Shell Join Forces with Peers to Continue Advocating Climate Change Initiatives

U.S. Energy Leaders BP, ExxonMobil, Chevron, Shell Join Forces with Peers to Continue Advocating Climate Change Initiatives

One day ahead of their annual shareholder meetings, ExxonMobil CEO Darren Woods and Chevron Corp. CEO Mike Wirth joined their global natural gas and oil peers, including BP plc and Royal Dutch Shell plc, to advocate climate change initiatives even as Covid-19’s long-term impact is uncertain.

May 26, 2020
ExxonMobil Joins E&Ps, OFS in Rethinking Strategies as Coronavirus Upends Everything

ExxonMobil Joins E&Ps, OFS in Rethinking Strategies as Coronavirus Upends Everything

The coronavirus pandemic has wreaked havoc on life in general, and for the energy industry, the next few months may prove to be make or break, as capital spending plans are cut and employees move to home offices.

March 17, 2020
Coronavirus, Prices Upending Energy Sector Capex, with ExxonMobil Joining the Fray

Coronavirus, Prices Upending Energy Sector Capex, with ExxonMobil Joining the Fray

The coronavirus pandemic has wreaked havoc on life in general, and for the energy industry, the next few months may prove to be make or break, as capital spending plans are cut and employees move to home offices.

March 17, 2020
Dismal Henry Hub Price Leads ExxonMobil to Trim North American (Permian) Natural Gas Production

Dismal Henry Hub Price Leads ExxonMobil to Trim North American (Permian) Natural Gas Production

The continued slump in Henry Hub prices has led ExxonMobil to pull back on dry natural gas production in North America, a revamped strategy likely to reduce output from its key onshore projects in the Permian Basin.

March 5, 2020
‹ Previous 1 2 3 26