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energy and resources
Exxon Mobil misses first-quarter profit estimates despite big gains in Guyana
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
energy and resources
Exxon Mobil moves forward with sixth oil project in Guyana
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo
energy and resources
Exxon Mobil CEO Darren Woods’s pay climbed 3% in 2023
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes
report on business
Giant Kazakh oil field operator denies spill reports
A worker walks past infrastructure on D Island, the main processing hub, at the Kashagan offshore oil field in the Caspian sea in western Kazakhstan August 21, 2013. REUTERS/Stringer
report on business
Suncor Energy pays new CEO Richard Kruger $36.8-million in first year
The Suncor Energy Centre is pictured in Calgary, Alta., Friday, Sept. 16, 2022. THE CANADIAN PRESS/Jeff McIntosh
international business
Chevron surprised when Exxon filed for arbitration over Guyana, CEO says
FILE PHOTO: A Chevron gas station sign is seen in Austin, Texas, U.S., October 23, 2023. REUTERS/Brian Snyder/File Photo
energy and resources
Exxon Mobil CEO says company is not trying to buy Hess but considering its Guyana stake
Exxon Mobil Chairman & CEO Darren Woods speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. (Photo by Mark Felix / AFP) (Photo by MARK FELIX/AFP via Getty Images)
report on business
Chevron’s CEO faces challenges of a lifetime with Hess bid
FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo
energy and resources
Exxon Mobil’s curveball move in Guyana alters Chevron-Hess deal prospects
FILE PHOTO: A man passes by Exxon Mobil Corp.'s headquarters in Georgetown, Guyana, June 29, 2023. REUTERS/Sabrina Valle/File Photo
energy and resources
Chevron, Exxon in dispute over Hess stake in Guyana oil block
FILE PHOTO: A man passes by Exxon Mobil Corp.'s headquarters in Georgetown, Guyana, June 29, 2023. To match Special Report EXXON MOBIL-GUYANA/ REUTERS/Sabrina Valle/File Photo
energy and resources
Diamondback to buy Endeavor Energy for US$26-billion in growing Permian push
FILE - A well pump works at sunset on a farm near Sweetwater, Texas, on Dec. 22, 2014. Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States. (AP Photo/LM Otero, File)
energy and resources
Religious investors urge Exxon to drop lawsuit against activist shareholders
FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
report on business
Exxon raises Guyana’s oil production to about 645,000 barrels a day
FILE PHOTO: Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/File Photo
energy and resources
Exxon Mobil tops estimates, ends 2023 with a US$36-billion profit
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
world
Exxon says investors to withdraw climate proposal from annual shareholder meeting
FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
energy and resources
Exxon Mobil files lawsuit against investors’ climate proposal
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
energy and resources
M&A deals in Permian basin exceeded US$100-billion in 2023, consultancy says
A flare burns off methane and other hydrocarbons as oil pumpjacks operate in the Permian Basin in Midland, Texas, Tuesday, Oct. 12, 2021. The federal Liberals will finally provide details on their long-promised oil and gas emissions cap today.THE CANADIAN PRESS/AP, David Goldman
energy and resources
New Mexico, the No. 2 oil-producing U.S. state, braces for possible end to income bonanza
(FILES) Pump jacks operate near Loco Hills on April 23, 2020 in Eddy County, New Mexico, part of the Permian Basin. ExxonMobil sealed a megadeal to acquire Pioneer Natural Resources for about $60 billion, bolstering its holdings in the Permian Basin, a key US petroleum region, the companies announced on October 11, 2023. Under the all-stock transaction, ExxonMobil will buy Texas-based Pioneer for $59.5 billion based on ExxonMobil's closing price on October 5. The overall transaction, including debt, is valued at around $64.5 billion, the companies said. (Photo by Paul Ratje / AFP) (Photo by PAUL RATJE/AFP via Getty Images)
energy and resources
Exxon Mobil forecasts increases in annual project spending, oil output
(FILES) An Exxon sign is displayed at a station in Manassas, Virginia, on September 20, 2008. ExxonMobil reported lower profits on October 27, 2023, compared with the year-ago blowout quarter as the oil giant touted recent acquisitions it said balance economic and environmental priorities. The petroleum giant reported third-quarter profits of $9.1 billion, less than half the level in the 2022 period of booming commodity prices. Revenues fell 19 percent to $90.8 billion. (Photo by Karen BLEIER / AFP) (Photo by KAREN BLEIER/AFP via Getty Images)
energy and resources
Exxon Mobil CEO Darren Woods sets ambitious agenda on tight timeline
FILE PHOTO: FILE PHOTO: Darren Woods, CEO of ExxonMobil, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake/File Photo
energy and resources
Exxon Mobil begins production at third offshore oil development project in Guyana
(FILES) This file photograph taken on June 2, 2015, shows the logo of US oil and gas giant ExxonMobil during the World Gas Conference exhibition in Paris. - Exxon Mobil closed the books on a terrible 2020 on February 2, 2021, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices with Covid-19. The big US oil company reported a fourth-quarter loss of $20.7 billion following huge write-offs. That took the company's loss for all of 2020 to $22.4 billion, compared with $14.3 billion in profits in 2019. Exxon Mobil also unveiled plans for additional spending cuts of $3 billion in annual expenses expected by 2023, its latest belt-tightening move amid the industry downturn. (Photo by ERIC PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images)
energy and resources
Exxon Mobil to start lithium production for EVs in the U.S. by 2027
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
energy and resources
Exxon Mobil posts $9.1-billion third-quarter profit as oil prices recover
FILE - An Exxon service station sign is seen, on April 25, 2017, in Nashville, Tenn. Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (AP Photo/Mark Humphrey, File)
analysis
Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
AUSTIN, TEXAS - OCTOBER 23: A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Chevron is acquiring Hess Corp. in a $53 billion deal that will be paid with stock. The deal comes less than two weeks after Exxon Mobil shared that it would be buying Pioneer Natural Resources for approximately $60 billion. Pressure on oil prices have increased due to a number of factors including the war in Ukraine and cutbacks in oil production from Russia and Saudi Arabia. Analysts from the U.S. Energy Information Administration warn that the war between Israel and Hamas has the potential to further disrupt oil production. (Photo by Brandon Bell/Getty Images)
energy and resources
Chevron to buy Hess Corp for US$53-billion in second oil mega-merger in weeks
BURBANK, CALIFORNIA - MAY 22: The Chevron logo is displayed at a Chevron gas station on May 22, 2023 in Burbank, California. Chevron is doubling down in the shale sector with an acquisition of shale driller PDC Energy, which has operations in Colorado and Texas, in a $6.3 billion deal. (Photo by Mario Tama/Getty Images)
energy and resources
Exxon Mobil’s US$59.5-billion bet on fossil fuels has implications for Canadian oil patch, experts say
Delegates meet at the Exxon Mobil booth during the LNG2023 conference, in Vancouver, B.C., Tuesday, July 11, 2023. THE CANADIAN PRESS/Darryl Dyck
energy and resources
Exxon Mobil to buy shale rival Pioneer for nearly US$60-billion in all-stock deal
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
report on business
U.S. would struggle to block Exxon’s politically unpopular megadeal
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo
energy and resources
Pioneer shares jump on merger talks with Exxon
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
international business
Exxon Mobil in advanced talks for $60-billion acquisition of Pioneer, sources say
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo/File Photo
opinion
As our forests burn, oil companies are doubling down on their old business models
John Vaillant
opinion
Oil companies need to be pushed on climate
The Editorial Board
report on business
Suncor should return to its oil production roots, focus on ‘fundamentals’ over energy transition, says CEO
FILE PHOTO: Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo
energy and resources
Exxon Mobil posts 56% profit slump in second quarter, joins peers in energy price hit
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
international business
Exxon to buy Denbury in US$4.9-billion deal
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo
energy and resources
Four bidders vie for stake in Exxon’s LNG terminal in Italy, sources say
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo