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ExxonMobil 1Q22 earnings $3.4B lower due to Russia exit
- Total revenues and other income of company reach $90.50 billion in first-quarter
ExxonMobil announces three discoveries offshore Guyana
- New findings will help supply affordable energy for increasing global demand, company says
ExxonMobil to invest $10 billion on fourth Guyana offshore project
- Project is expected to produce approximately 250,000 barrels of oil per day starting in 2025
Oil prices reach record highs on mounting supply fears from Russia-Ukraine tension
- ExxonMobil, bp, Shell and Equinor to leave Russian joint ventures and projects while TotalEnergies to halt capital for new projects
EU banks still providing funds for fossil fuels
- HSBC, Barclays and BNP Paribas have provided over $400B to 50 oil companies including ExxonMobil, Saudi Aramco, Shell, BP since 2016, ShareAction says
ExxonMobil announces two discoveries offshore Guyana
- New projects will drive investment in Guyana, with more than 3,200 Guyanese supporting project activities on and offshore, company says
ExxonMobil vows to achieve net zero emissions in Permian Basin
- Company pledges to cut greenhouse gas emissions by electrifying its operations and expanding investments to detect and capture methane gas
Fossil fuel reliance to linger even if world shifts toward green energy
- Chief executives of ExxonMobil and Chevron speak of critical role of oil and gas at 23rd World Petroleum Congress in Houston
ExxonMobil to sell half of its stake in Neptun Deep gas project in Black Sea
- Romania's state-owned gas producer Romgaz will take over ExxonMobil's 50% stake while OMV Petrom will act as operator
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US Democratic lawmakers inquire of big oil firms’ role in global warming
- Lawmakers send letters to four firms, accusing them of misleading public about dangers of fossil fuels
Revenues of oil giants increase 46% in 1H21
- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises
ExxonMobil to produce renewable diesel to aid fall in Canada's emissions
- Project aims to reduce emissions equivalent to the removal of almost 650,000 passenger cars annually from roads
ExxonMobil announces discovery offshore Guyana
- New discovery is expected to increase potential of already existing reservoir at Stabroek Block
Equinor, ExxonMobil to invest $8 billion in Brazilian oil field
- Oil field development expected to produce about half of average carbon emissions of similar projects
ExxonMobil reports $2.7 billion profit in 1Q21
- Revenue for same period of year increases by 5.3% to reach $59.1 billion
ExxonMobil announces discovery offshore Guyana
- New discovery is expected to increase potential of already existing reservoir at Stabroek Block
Revenues of oil giants decline 35.4% in 2020
- Royal Dutch Shell records highest year-over-year decline in revenue
ExxonMobil plans reduction of staff in Singapore
-Company will slash up to 300 jobs, representing approximately 7% of company’s more than 4,000 employees in Singapore
ExxonMobil to sell over $1bln. in UK offshore assets
- Transaction expected to close by mid 2021
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ExxonMobil reports $22.4 billion annual loss in 2020
- Revenue for full year of 2020 was recorded as $181.5 billion, down 31.5% from $265 billion in previous year
S&P warns 13 oil and gas firms of lower credit ratings
- Rating agency says oil and gas companies are under threat of energy transition, price volatility, and weaker profitability
Revenues of oil giants decline 35.8% in 3Q20
- Royal Dutch Shell records highest year-over-year decline in revenue
ExxonMobil makes first discovery offshore Suriname
- Evaluation of Sloanea-1 exploration well in offshore Block 52 is ongoing to determine its resource potential, says company
Stocks of energy firms on rise over vaccine hopes
- Shares of oil giants, including Chevron, ExxonMobil and Equinor, rise by at least 5%
ExxonMobil reports $680M loss in third quarter of 2020
- Revenue for third quarter was recorded as $46.2 billion, 41,7% increase from $32.6 billion in second quarter
ExxonMobil plans reduction to US staffing levels
-Company will slash approximately 1,900 jobs in its management offices in Houston, Texas
ExxonMobil CEO warns of job cuts amid low oil demand
- Reduced demand is roughly five times the decline seen with 2008 financial crisis, says Darren Woods
ExxonMobil to axe 1,600 jobs in Europe
- Company says pandemic-related demand loss increases urgency for cost reduction plans
ExxonMobil posts $1B net loss, 52% revenue fall in 2Q20
- Capital and exploration expenditures were $5.3 billion in second quarter, nearly $2 billion lower than first quarter
01.08.2020
Oil