Page 2 - Exxon Mobil

Exxon Mobil's total reserves drop by a third after Covid-19 oil price drop

The reserves reductions were "a result of very low prices during 2020 and the effects of reductions in capital expenditures," the company said in a filing

Exxon, Chevron CEOs discussed merger in early 2020, talks no longer active

The CEOs of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest US oil producers in what would have been the biggest merger of all time

Oil major Exxon Mobil plans to lower greenhouse gas emissions by 2025

The world's top oil and gas firms are under heavy pressure from investors and climate activists to meet the 2015 Paris climate goal

Exxon Mobil in talks to buy stake in Indian oil, gas fields: Pradhan

Exxon Mobil had in October last year signed a memorandum of understanding (MoU) with ONGC to offer its expertise and technology for developing resources in offshore blocks.

Exxon Mobil slashes capital spending, announces $20 bn oil asset write-down

The company said it was removing gas projects from its plans in Appalachia, the Rocky Mountains, Oklahoma, Texas, Louisiana, Arkansas, Canada and Argentina

Exxon, Total in talks over Mozambique LNG resource-sharing deal: Report

The talks between the energy majors also involve the Mozambican government as it has to give final approval to any new agreement

Big oil stares at a long winter ahead as global fuel demand stays muted

With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating

ExxonMobil to lay off 1,900 US employees; mostly at Houston offices

ExxonMobil has said it intends to reduce its US workforce by around 1,900, with international staff reductions potentially rising to as much as 15% over the next year, as Covid batters energy demand

Top headlines: ExxonMobil, ONGC to bid jointly; telcos bat for tariff hike

From Exxon bidding for auction rounds under OALP tp Flipkart readying for big billion day sale, here are top headlines this morning

Exxon Mobil considering global job cuts as pandemic hurts: Spokesman

Exxon Mobil Corp is assessing possible job cuts across its worldwide operations, a spokesman said on Wednesday, after the company announced a voluntary job reduction programme in Australia

Oil firms collectively cut the value of their assets by nearly $50 bn in Q2

London-based BP has previously said it plans to cut its overall output by roughly 1 million barrels of oil equivalent (boepd) by the end of 2030 from its current 3.6 million boepd

Exxon CEO Darren Woods calls rivals' climate goals a 'beauty competition'

Much-derided plastic even came in for some praise, with Exxon Senior Vice President Jack Williams arguing that it's "a net benefit to society and to the environment."

Exxon aims to sell $25 billion of assets to focus on mega-projects: Report

The sell-off would be a marked acceleration of the US oil major's previous divestment plans.

New York struggles to show Exxon Mobil misled investors on climate

State offers no hard evidence of an effort to mislead holders

HUL to Nestle, brands are using green marketing initiatives to woo buyers

As a political blame game ensued, such environment disasters show the great opportunity that brands have to display their green leanings

ONGC, ExxonMobil tie up for oil exploration in India; plan to bid for OALP

On Monday, ExxonMobil had signed a pact with Indian Oil Corporation to expand its liquefied natural gas business initiatives in India

Shareholders of big oil to 'drown' in cash as firms shift to renewables

"Shareholders will be drowned in capital paid back by energy majors in the next 20 years," Rystad Energy said

Exxon Mobil sues Cuba for $280 million over expropriated property

Exxon, the largest US oil producer, is the first corporation to sue Cuba since the Trump administration allowed a long dormant section of the 1996 Cuban Liberty and Democratic Solidarity Act

New York sues Exxon for lying on climate change risk; firm refutes charges

The case alleges that the company failed to properly account for climate change costs in determining its volume of oil and gas reserves

Exxon Mobil looking to buy wind, solar power delivery in Texas

Exxon has been slow to follow big oil rivals such as Royal Dutch Shell and BP into renewable energy technologies