Tag: EXXON MOBIL

Exxon and Chevron quarterly balance exceeds expectations

Chevron earned USD 14.422 billion in the first 9 months of the year compared to the figure recorded in 2023, while Exxon Mobil earned USD 26.070 billion in the same period

Exxon: Oil will remain “essential” in 2050 due to industrial use

The largest U.S. oil company, Exxon Mobil, stated that oil and natural gas “will remain essential” in 2050, despite climate goals and changes in energy demand, due to their increasing use in the industrial sector

Chevron earns €5.146 billion in Q1

The oil company Chevron announced a net profit of $5.501 billion (approximately €5.146 billion) in the first quarter of 2024, a 16% decrease compared to the same period the previous year

ExxonMobil weighs offers for Argentina shale assets

U.S. energy giant ExxonMobil Corp, opens new tab is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region

Exxon Mobil foresees an increase in spending on projects and a rise in production

Exxon Mobil will target annual spending on projects between $22 billion and $27 billion until 2027, the company said in an update that largely continues with existing spending and production goals

Exxon says world set to fail 2°C global warming cap by 2050

Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said, with the world failing to keep global temperature increases below 2 degrees Celsius

ExxonMobil submits proposal for Colombia fracking pilot project

ExxonMobil Corp has submitted a proposal to carry out a pilot project for hydraulic fracturing – or fracking – in Colombia, the oil company and the Andean country’s national hydrocarbons agency (ANH) said

Chevron vows to slow carbon emissions, raise oil output with modest spending

Chevron Corp outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions

Exxon scales back shale ambitions to focus on lower costs, dividend preservation

Exxon Mobil Corp is lowering its ambitions for oil and gas output, as it focuses on cutting costs and preserving dividends to win back investors that have soured on the company after years of overspending

Exxon Mobil reports huge 2020 loss as changes draw mixed reviews

Exxon Mobil closed the books on a terrible 2020, reporting losses in the fourth quarter and the full year in the wake of lower oil prices amid the COVID-19 crisis