Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.
March 22, 2024ExxonMobil News Updates
ExxonMobil fuel news covers developments in fuel production, distribution and innovations from ExxonMobil that impact the trucking and logistics industry. This category highlights pricing trends, renewable fuel initiatives, technological advancements and regulatory updates affecting commercial transportation. Reporting provides insights for fleet operators, logistics professionals and industry stakeholders seeking to understand how ExxonMobil’s products and strategies influence fuel availability, efficiency and sustainability across the trucking sector.
Exxon Move May Delay Chevron-Hess Merger
Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.
March 7, 2024Exxon Profit Falls Compared With Record Numbers Last Year
Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.
October 27, 2023Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion
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.
October 11, 2023Exxon in Talks to Buy Pioneer
Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades.
October 6, 2023Exxon Profit Misses Estimates as Natural Gas, Refining Slip
Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.
July 28, 2023Exxon Works to Improve Fracking Methods
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.
June 1, 2023California County Rejects Exxon Plan to Truck Oil
SANTA MARIA, Calif. — A bid by Exxon Mobil to restart offshore oil wells shut down in 2015 after a pipeline leak caused the worst coastal spill in 25 years was rejected March 8 amid lingering environmental concerns.
March 9, 2022Exxon Restructures Divisions, Packs Up for Houston
NEW YORK — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston.
January 31, 2022Exxon Reduces Rates at Baytown Refinery After Extinguishing Fire
ExxonMobil Corp. said it will adjust its rates following a Dec. 23 fire at its Baytown, Texas, refinery that injured four people.
December 23, 2021