ExxonMobil

ExxonMobil says world headed for up to 3C warming by 2050

ExxonMobil said Thursday that the world is headed for rapid temperature increases as persistent coal use drives carbon dioxide emissions well beyond what is needed to meet mid-century climate goals, according to the company's annual Global Outlook published September 17.

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ExxonMobil raises LNG sales target 25% amid Hormuz crisis

ExxonMobil Exxon Mobil Corporation has raised its annual liquefied natural gas sales target to 50 million tonnes by 2030, up 25% from a previous goal of 40 million tonnes, as the prolonged closure of the Strait of Hormuz reshapes global…

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Ukraine halts Black Sea tanker strikes at Vance’s request

Ukraine has paused drone strikes on oil tankers using Russia's Black Sea port of Novorossiysk after US Vice President JD Vance asked President Volodymyr Zelenskyy to stop the attacks during a phone call on July 31, the Financial Times reported…

Exxon ties $80B Kashagan expansion to $150B dispute

ExxonMobil Exxon Mobil Corporation has told Kazakhstan that a potential $80 billion joint investment to develop the western portion of the Kashagan oil field hinges on resolving a long-running dispute worth roughly $150 billion between the government and international oil…

Kazakhstan freezes Kashagan operator’s assets over $5B fine

Kazakhstan has frozen the property and transport of the North Caspian Operating Company, operator of the giant Kashagan oilfield, over the consortium's refusal to pay a nearly $5 billion environmental fine, according to the justice ministry's database as reported by…

Oil supermajors set to post $45.8B in quarterly profit amid Iran war windfall

The world's largest oil companies are poised to report their strongest combined quarterly earnings since the 2022 Russia-Ukraine energy crisis, as the U.S.-Israeli war on Iran and the effective closure of the Strait of Hormuz drove a historic disruption to…