News

Exxon restarts purchases of Mars crude after brief pause over zinc issues, sources say
Oil major Exxon Mobil bought Mars crude for August delivery, two sources said on Wednesday, after briefly halting purchases ...
Ex-Pioneer CEO cannot challenge order barring him from Exxon board, FTC says
Scott Sheffield, the founder and former CEO of Pioneer Natural Resources, cannot directly challenge a Biden-era order barring ...
Exxon to halt Mars crude purchases until zinc contamination fixed, sources say
Oil major Exxon Mobil told its trading counterparts that it will not buy the Mars crude oil grade until a zinc contamination ...
Exxon signals lower oil, gas prices could hit second-quarter profit
Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from ...
Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say
The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project ...
Exxon returns some Stabroek acreage to Guyana, government says
An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government ...
Chevron preps quick closing of Hess deal and awaits result of Exxon dispute
Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess , according to two ...
Abu Dhabi's ADNOC plans to transfer 24.9% stake in OMV to XRG unit
Abu Dhabi National Oil Company said on Wednesday it plans to transfer its 24.9% shareholding in Austria's OMV AG to its XRG ...
Exxon Mobil finds natural gas reservoir offshore Cyprus, government says
A consortium led by ExxonMobil has found a reservoir of natural gas at a prospect off the island's coast, a Cypriot ...
US Supreme Court rejects Exxon's appeal of $14.25 million air pollution penalty
The U.S. Supreme Court turned away on Monday Exxon Mobil Corp's bid to overturn a $14.25 million civil penalty that a judge ...
Indonesia, U.S. companies including Pertamina, Exxon to sign $34 billion deal
Companies from Indonesia and the United States are expected to sign a memorandum of understanding worth $34 billion, ...
Indonesia says Exxon boosts production in Cepu block
Indonesia energy minister on Thursday said an additional 30,000 barrels oil per day (bpd) have been produced at the Exxon Mobil-operated Cepu block, as the country strives to counter declining ...