Summary: Exxon Mobil (NYSE: XOM) is expected to have 50% production growth by 2030, with Permian output increasing from 1.5M to 2.3M barrels/day.
Full articleSummary: Representative Emily Randall sold shares of Amgen Inc. and other companies while also selling shares of Alphabet, PepsiCo, Exxon Mobil, Verizon Communications, Procter & Gamble, Fortive, Abbott Laboratories, Mondelez International, Medtronic, and Wells Fargo & Company. Amgen stock was down by 0.5% and the firm also announced an increase in dividend.
Full articleSummary: Exxon Mobil is actively expanding a major project in Guyana while facing a legal challenge in Colorado for allegedly misleading the public about climate change threats.
Full articleSummary: ExxonMobil Guyana's President expresses shock over the shooting incident involving a contracted transportation provider and announces a new tender process for service providers. The incident occurred when the owner of Cyril's Transportation Service mistakenly shot at a vehicle assigned to the President, believing it was stolen from his company.
Full articleSummary: Multiple hedge funds have made changes in their positions regarding Exxon Mobil Corp (XOM) according to the latest 13F filings. Some hedge funds increased their XOM holdings while others decreased. Overall, there was a slight decrease in aggregate shares held by hedge funds between 09/30/2024 and 12/31/2024.
Full articleSummary: Exxon Mobil Corporation announced increased dividends and demonstrated improving earnings power for the fourth quarter and full year of 2024. However, there are concerns about potential weaknesses in 2025 compared to rival Chevron Corporation due to ExxonMobil's more aggressive strategy.
Full articleSummary: LSU, along with Halliburton and ExxonMobil, will drill a new CO2 research well at its PERTT Lab focusing on energy research and low-carbon technologies, not injecting CO2. Halliburton will provide services like subsurface evaluation, cementing, and ExxonMobil will work on drilling plan and community engagement.
Full articleSummary: Equatorial Guinea plans to boost oil and gas production after ExxonMobil's exit by redeveloping the Zafiro Field and partnering with other oil producers. They have awarded contracts and are focusing on expanding offshore Gas Mega Hub.
Full articleSummary: LSU College of Engineering, in collaboration with Halliburton and ExxonMobil, will begin drilling a third research well at its PERTT—Petroleum Engineering Research, Training, and Testing—Lab to study CO2 under realistic field conditions for research and education purposes.
Full articleSummary: ExxonMobil has enlisted McDermott, Saipem, and China Petroleum Engineering for FEED work on Rovuma LNG project in Mozambique, representing a significant development and opportunity for economic growth.
Full articleSummary: California files a lawsuit against ExxonMobil for allegedly lying about plastic recycling operations and contributing to water pollution, accusing the company of conducting a decades-long campaign of deception regarding plastic recyclability.
Full articleSummary: California sued ExxonMobil for allegedly misleading the public about plastics recycling, contributing to global pollution crisis. The lawsuit seeks to hold ExxonMobil accountable for promoting all plastics as recyclable when only a small fraction actually gets recycled.
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