Page 2 - Exxon Mobil

Exxon Mobil faces new pressure over dealings with Russia's Rosneft

Exxon holds a 30% stake, alongside Rosneft, Japan's SODECO and India's ONGC Videsh, in Sakhalin Island oil and gas fields in Russia's Far East

ExxonMobil eyes more long-term gas supply deals with India

At present Exxon has a long-term contract to annually supply 1.5 million tonnes of liquefied natural gas to Indian firm Petronet LNG

Exxon Mobil starts sale of US shale gas properties in disinvestment plan

The top US oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent of natural gas.

ExxonMobil lifts spending on emission reduction plan to $15 bln

The energy giant said the USD 15 billion will go toward projects focused at reducing greenhouse gas emissions from existing operations and increased investments in the low carbon solutions business

Joe Biden recommends overhaul of nation's oil and gas leasing program

The long-awaited report by the Interior Department stops short of recommending an end to oil and gas leasing on public lands

Musk now worth more than ExxonMobil after $36.2 bn single-day gain

Eclipsing the value of an old-economy bellwether like Exxon may seem like an inevitable milestone in Musk's trajectory

Equity index giant MSCI to give 10,000 firms global warming ratings

The firm is launching Implied Temperature Rise scores, which estimate whether a firm's activities and plans are consistent with keeping global warming below 2 degrees Celsius

Exxon Mobil plans to cut US headcount by 5-10% annually for 3 years

The cuts will target the lowest-rated employees relative to peers, and for that reason will not be characterized as layoffs

Investors, Dutch court deliver 'stark warning for Big Oil' on climate

Investor support for climate concerns could force oil and gas companies to rethink how fast they pivot to other forms of energy

Exxon floats $100 bn carbon storage hub requiring public, private financing

The plan would require "$100 billion or more" from companies and government agencies to store 50 million metric tons of CO2 by 2030

Exxon scales back shale ambitions to focus on low costs, saving dividend

The top U.S. oil producer incurred a historic loss of US$22.4 billion last year and is trying to convince a skeptical Wall Street that it can rebound

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