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energy and resources
Exxon Mobil begins production at third offshore oil development project in Guyana
(FILES) This file photograph taken on June 2, 2015, shows the logo of US oil and gas giant ExxonMobil during the World Gas Conference exhibition in Paris. - Exxon Mobil closed the books on a terrible 2020 on February 2, 2021, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices with Covid-19. The big US oil company reported a fourth-quarter loss of $20.7 billion following huge write-offs. That took the company's loss for all of 2020 to $22.4 billion, compared with $14.3 billion in profits in 2019. Exxon Mobil also unveiled plans for additional spending cuts of $3 billion in annual expenses expected by 2023, its latest belt-tightening move amid the industry downturn. (Photo by ERIC PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images)
energy and resources
Exxon Mobil to start lithium production for EVs in the U.S. by 2027
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
energy and resources
Exxon Mobil posts $9.1-billion third-quarter profit as oil prices recover
FILE - An Exxon service station sign is seen, on April 25, 2017, in Nashville, Tenn. Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (AP Photo/Mark Humphrey, File)
analysis
Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
AUSTIN, TEXAS - OCTOBER 23: A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Chevron is acquiring Hess Corp. in a $53 billion deal that will be paid with stock. The deal comes less than two weeks after Exxon Mobil shared that it would be buying Pioneer Natural Resources for approximately $60 billion. Pressure on oil prices have increased due to a number of factors including the war in Ukraine and cutbacks in oil production from Russia and Saudi Arabia. Analysts from the U.S. Energy Information Administration warn that the war between Israel and Hamas has the potential to further disrupt oil production. (Photo by Brandon Bell/Getty Images)
energy and resources
Chevron to buy Hess Corp for US$53-billion in second oil mega-merger in weeks
BURBANK, CALIFORNIA - MAY 22: The Chevron logo is displayed at a Chevron gas station on May 22, 2023 in Burbank, California. Chevron is doubling down in the shale sector with an acquisition of shale driller PDC Energy, which has operations in Colorado and Texas, in a $6.3 billion deal. (Photo by Mario Tama/Getty Images)
energy and resources
Exxon Mobil’s US$59.5-billion bet on fossil fuels has implications for Canadian oil patch, experts say
Delegates meet at the Exxon Mobil booth during the LNG2023 conference, in Vancouver, B.C., Tuesday, July 11, 2023. THE CANADIAN PRESS/Darryl Dyck
energy and resources
Exxon Mobil to buy shale rival Pioneer for nearly US$60-billion in all-stock deal
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
report on business
U.S. would struggle to block Exxon’s politically unpopular megadeal
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo
energy and resources
Pioneer shares jump on merger talks with Exxon
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
international business
Exxon Mobil in advanced talks for $60-billion acquisition of Pioneer, sources say
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo/File Photo
opinion
As our forests burn, oil companies are doubling down on their old business models
John Vaillant
opinion
Oil companies need to be pushed on climate
The Editorial Board
report on business
Suncor should return to its oil production roots, focus on ‘fundamentals’ over energy transition, says CEO
FILE PHOTO: Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo
energy and resources
Exxon Mobil posts 56% profit slump in second quarter, joins peers in energy price hit
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
international business
Exxon to buy Denbury in US$4.9-billion deal
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo
energy and resources
Four bidders vie for stake in Exxon’s LNG terminal in Italy, sources say
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo
energy and resources
Exxon Mobil delivers a record first-quarter profit on higher output
(FILES) This file photograph taken on June 2, 2015, shows the logo of US oil and gas giant ExxonMobil during the World Gas Conference exhibition in Paris. - Exxon Mobil closed the books on a terrible 2020 on February 2, 2021, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices with Covid-19. The big US oil company reported a fourth-quarter loss of $20.7 billion following huge write-offs. That took the company's loss for all of 2020 to $22.4 billion, compared with $14.3 billion in profits in 2019. Exxon Mobil also unveiled plans for additional spending cuts of $3 billion in annual expenses expected by 2023, its latest belt-tightening move amid the industry downturn. (Photo by ERIC PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images)
energy and resources
U.S. Supreme Court rebuffs Exxon, Suncor and Chevron appeals in climate cases
The Supreme Court is seen on Friday, April 21, 2023, in Washington after the court decided to preserve women's access to a drug used in the most common method of abortion, rejecting lower-court restrictions while a lawsuit continues. The justices on Friday granted emergency requests from the Biden administration and New York-based Danco Laboratories, maker of the drug mifepristone. (AP Photo/Alex Brandon)
energy and resources
LGIM and CBIS team up to demand greater transparency from ExxonMobil on net zero aims
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
energy and resources
Exxon Mobil CEO’s pay rose 52% in 2022, highest among oil peers
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
investment ideas
Pioneer Natural jumps on report of buyout talks with Exxon
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., Nov. 22, 2019. /Angus Mordant/File Photo
energy and resources
Exxon Mobil reportedly ends drilling in Brazil after failing to find oil
FILE PHOTO: Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/File Photo
energy and resources
QatarEnergy signs deal for stakes in two ExxonMobil offshore explorations in Canada
MIAMI, FLORIDA - JANUARY 31: An Exxon sign hangs at a gas station on January 31, 2023 in Miami, Florida. Exxon Mobil Corp. reported its highest-ever annual profit last year of $55.7 billion (Photo by Joe Raedle/Getty Images)
energy and resources
Chad to nationalize all assets from oil giant Exxon Mobil
(FILES) This file photograph taken on June 2, 2015, shows the logo of US oil and gas giant ExxonMobil during the World Gas Conference exhibition in Paris. - Exxon Mobil closed the books on a terrible 2020 on February 2, 2021, reporting losses in the fourth-quarter and for the full year in the wake of lower oil prices with Covid-19. The big US oil company reported a fourth-quarter loss of $20.7 billion following huge write-offs. That took the company's loss for all of 2020 to $22.4 billion, compared with $14.3 billion in profits in 2019. Exxon Mobil also unveiled plans for additional spending cuts of $3 billion in annual expenses expected by 2023, its latest belt-tightening move amid the industry downturn. (Photo by ERIC PIERMONT / AFP) (Photo by ERIC PIERMONT/AFP via Getty Images)
world
French police injured during clashes with protesters at ExxonMobil oil refinery
French riot police look on as oil worker gather outside the refinery after the government announced the first requisition of oil workers since the beginning of strikes against pension reform, at the Fos-sur-Mer fuel depot, southeastern France, on March 21, 2023, a decision that could inflame tensions in an inflammatory political context. - The French prime minister's government on March 20, survived two no-confidence motions over its decision to bypass parliament and impose a controversial pension reform, which includes raising the retirement age from 62 to 64. (Photo by CHRISTOPHE SIMON / AFP) (Photo by CHRISTOPHE SIMON/AFP via Getty Images)
canada
Environmental groups celebrate as ExxonMobil gives up oil exploration permits in B.C.
A tanker pulls into an ExxonMobil fuel storage and distribution facility in Irving, Texas, Wednesday, Jan. 25, 2023. Environmental groups are celebrating after ExxonMobil relinquished offshore oil and gas exploration permits in British Columbia dating back more than 50 years. THE CANADIAN PRESS/AP-LM Otero
energy and resources
Exxon says it is re-evaluating its European strategy after windfall taxes
FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. With all of the challenges of 2020, ExxonMobil focused on clamping down on expenses and managed to bring its full-year spending down nearly $10 billion from the year before. (AP Photo/Richard Drew, File)
energy and resources
Shell, Chevron and Petrobras weigh Guyana oil auction bids: sources
FILE PHOTO: Guyana's Vice President Bharrat Jagdeo poses for a photo during an interview with Reuters in Georgetown, Guyana, February 16, 2022. Picture taken February 16, 2022. REUTERS/Sabrina Valle/File Photo
world
U.S. agency sues Exxon for discrimination after nooses found at plant
FILE PHOTO: Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/File Photo
international business
Exxon work force down by 1,000 people in 2022, third year of declines
FILE PHOTO: Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/File Photo
energy and resources
Exxon Mobil smashes Western oil majors’ earnings record with US$59-billion profit in 2022
A sign for an Exxon gas station is displayed in Upper Darby, Pa., Tuesday, April 26, 2022. Exxon Mobil reports quarterly financial results on Friday, Oct. 28, 2022. (AP Photo/Matt Rourke)
energy and resources
Big Oil’s good times set to roll on after record 2022 profits
In this file photo taken on September 28, 2022 oil pumpjacks are seen along a section of Highway 33 known as the Petroleum Highway north of McKittrick in Kern County, California on September 28, 2022. - US crude oil prices briefly sank more than five percent on Wednesday, weighed down by demand fears linked to disappointing US data and surging Chinese Covid infections. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
energy and resources
Exxon sues EU in move to block new windfall tax on oil companies
A sign for an Exxon gas station is displayed in Upper Darby, Pa., Tuesday, April 26, 2022. Exxon Mobil reports quarterly financial results on Friday, Oct. 28, 2022. (AP Photo/Matt Rourke)
energy and resources
Exxon plans to raise spending in 2023, boost share buybacks
A sign for an Exxon gas station is displayed in Upper Darby, Pa., Tuesday, April 26, 2022. Exxon Mobil reports quarterly financial results on Friday, Oct. 28, 2022. (AP Photo/Matt Rourke)
energy and resources
Exxon Mobil’s record-smashing third-quarter profit nearly matches Apple’s
A sign for an Exxon gas station is displayed in Upper Darby, Pa., Tuesday, April 26, 2022. Exxon Mobil reports quarterly financial results on Friday, Oct. 28, 2022. (AP Photo/Matt Rourke)
energy and resources
Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes