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NEWS | Exxon Guyana Block Resource Estimate Rises To 10B Barrels

Supermajor ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block off Guyana to around 10 billion oil-equivalent barrels after striking oil there one more (...)

NEWS | Exxon Sees $700MM Windfall from Gas Rally

Exxon Mobil Corp. said higher global natural gas prices will increase third-quarter profit by about $700 million, a sum that should help the oil giant reduce its debt pile.

NEWS | ExxonMobil and Chevron among host of big names determined to make Houston a carbon capture leader

Houston is likely to house one of the world’s largest, most advanced carbon capture and storage (CCS) hubs with a host of multinationals joining forces in Texas.

NEWS | Exxon Mobil discloses another oil discovery offshore Guyana

U.S. oil major Exxon Mobil Corp said on Thursday it had made a discovery at Pinktail in the Stabroek Block offshore Guyana, as it develops a major new oil and gas find.

NEWS | Guyanese now make up 53% of Exxon Guyana workforce; Over $19B spent with local contractors in first half of 2021

ExxonMobil Guyana today announced that the company and its contractors have achieved continued growth in capacity building and opportunities for Guyanese during the first half of 2021 despite the chal (...)

NEWS | ExxonMobil gearing up to spud third well in Canje block

Oil major ExxonMobil is preparing to start drilling operations on its third well in the Canje Block offshore Guyana this year, using a Stena Drilling-owned drillship.

NEWS | ExxonMobil makes new discovery off Guyana's coast

Exxon Mobil Corp has made a new discovery at Whiptail in the Stabroek Block offshore Guyana, the U.S. oil major said on Wednesday, as it develops one of the world's most important new oil and gas bloc (...)

NEWS | Exxon Mobil signs MOU to participate in Scotland's Acorn CCS project

Exxon Mobil has signed a memorandum of understanding to participate in a carbon capture and storage (CCS) project in Scotland, the U.S. oil and gas producer said on Friday.

NEWS | ExxonMobil subsidiary applies for Environmental Impact Statement

Oil giant ExxonMobil is currently seeking the US Environmental Protection Agency’s (EPA’s) approval for the gas-to-shore pipeline, which its Environmental Impact Assessment (EIA) says will have a life (...)

NEWS | AqualisBraemar LOC concludes Sable decommissioning overview

AqualisBraemar LOC has completed work for the decommissioning and removal campaign for ExxonMobil’s Sable Project offshore Nova Scotia.

NEWS | ExxonMobil plans to cut headcount by up to 10% in the US

ExxonMobil is reportedly planning to cut between 5% and 10% of jobs annually at its offices in the US for the next three to five years.

NEWS | ExxonMobil makes oil discovery at Longtail-3 well offshore Guyana

ExxonMobil and its partners have made an oil discovery at the Longtail-3 well in the Stabroek Block offshore Guyana.

NEWS | Exxon goes back to drill in Guyana

U.S. oil major ExxonMobil is resuming operations at the Canje Block offshore Guyana with the drilling of the billion-barrel prospect Jabillo-1, using the Stena Carron Drillship.

NEWS | ExxonMobil resumes drilling at Jabillo-1 well in Canje Block

ExxonMobil and its partners have recommenced drilling of Jabillo-1 well in the Canje Block, offshore Guyana, using Stena Carron drillship.

NEWS | Final investment decision for Bacalhau phase 1 in Brazil

Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.

NEWS | ExxonMobil faces day of reckoning over climate

ExxonMobil faces what may be a landmark shareholder vote today as an activist investor seeks to unseat a third of its board of directors in the biggest challenge to date over how the oil industry is p (...)

NEWS | Exxon forced to decom Bass Strait by 2027

The National Offshore Petroleum Safety and Environmental Management Authority published notices warning ExxonMobil's Australian subsidiary Esso to get its house in order, and plan to decommission its (...)

NEWS | Exxon Earns $2.7B in First Quarter

Exxon Mobil Corporation has announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution.

NEWS | ExxonMobil’s New Oil Discovery at Uaru-2 Offshore Guyana

ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.

NEWS | ExxonMobil begins lockout of hundreds of Texas oil workers

Oil giant ExxonMobil initiated a lockout of more than 650 workers at its Beaumont, Texas refinery and blending and packaging plant on Saturday morning after negotiations broke down between the company (...)

NEWS | ExxonMobil investor says its climate strategy an 'existential' risk: report

ExxonMobil's strategy in the face of climate change poses an "existential business risk" to the company, according to an activist hedge fund that is a shareholder in the oil giant, a report in the Fin (...)

NEWS | Exxon Mobil, Chevron Take Cautious Approach to US Shale Recovery

Exxon Mobil Corp. and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape.

NEWS | ExxonMobil comes up dry in Guyana wildcat

Oil major ExxonMobil has failed to find commercial hydrocarbons at the Bulletwood-1 wildcat well in the Canje block located offshore Guyana.

NEWS | Exxon Mobil to Cut Jobs in Singapore as Big Oil Retrenches

Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.

NEWS | NEO Energy snaps up ExxonMobil’s North Sea assets for $1bn

HitecVision-backed NEO Energy is acquiring a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil.
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