Exxonmobil

ExxonMobil CEO Says Educating Operators, Regulators is Key for Smooth E&P Operations

Adequate state regulatory regimes for oil and natural gas drilling are in place, but it still takes compliant operators — and knowledgeable regulators — to ease public concerns about safety and environmental risks, ExxonMobil Corp. CEO Rex Tillerson said last Wednesday.

May 30, 2014

ExxonMobil Obliges Minority Shareholders, Will Disclose Unconventional Drilling Risks

ExxonMobil Corp. has agreed to disclose for the first time more details about the risks of drilling unconventional wells that use hydraulic fracturing (fracking) stimulation, complying with minority shareholder demands for the second time in two weeks.

April 4, 2014

ExxonMobil Suspends Interest, Shell Out in Black Sea Gas Deal

Royal Dutch Shell plc and ExxonMobil Corp. have reportedly pulled out and suspended, respectively, their participation in a consortium to explore and develop an offshore natural gas field in the Black Sea due to the ongoing crisis in Ukraine.

March 19, 2014

Russia’s Actions in Ukraine Fuel Debate Over Sanctions, LNG Exports

Analysts said economic sanctions from the United States and the European Union (EU) designed to punish Russia for its actions in Ukraine were "modest" at best, and could potentially damage business relationships that western oil and gas companies spent years building with OAO Gazprom and OAO Rosneft, Russia's state-owned gas and oil companies.

March 18, 2014

Enable Building XTO’s Crude, Produced Water Systems in Bakken

Enable Midstream Partners LP has secured two more agreements with XTO Energy Inc. to build a second crude oil gathering system, as well as one for produced water, in North Dakota's Bakken Shale.

March 17, 2014

Two More Colorado Oil Shale RD&D Projects Given Green Light

Oil shale research, demonstration and development (RD&D) in Colorado is expanding following tentative federal approval of two projects, including one by ExxonMobil Corp.

March 17, 2014

Global Natural Gas, Oil Competition? Bring it On, Says ExxonMobil Chief

North America one day soon may be able to supply internal natural gas and oil demand, but that’s no reason to ignore the value of international trade, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.

March 5, 2014

ExxonMobil Grabs More Permian Acreage, Sells Gassy Utica Property

ExxonMobil Corp.’s onshore U.S. subsidiary on Monday agreed to buy oily land in the Permian Basin of Texas and sell natural gas-weighted Utica Shale property in Ohio.

February 3, 2014

ExxonMobil Has No Plans to Boost U.S. Natural Gas Production

The recent uptick in natural gas prices will do nothing to change the No. 1 North American producer’s decision about whether to raise some gas-directed rigs again, an ExxonMobil Corp. executive said Thursday.

January 30, 2014
Berkshire Takes $3.45B Stake in ExxonMobil

Berkshire Takes $3.45B Stake in ExxonMobil

Berkshire Hathaway Inc. disclosed Thursday that it owns 40.1 million shares of ExxonMobil Corp. currently worth an estimated $3.45 billion.

November 15, 2013