Exxon Mobil

U.S. oil majors downgraded by S&P

U.S. oil majors downgraded by S&P

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings. …

Chevron and Exxon discuss merger last year

Chevron and Exxon discuss merger last year

The chief executives of American oil companies ExxonMobil and Chevron held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to …

Exxon wins U.S. suit over $2 million Ukraine-sanctions fine

Exxon wins U.S. suit over $2 million Ukraine-sanctions fine

Exxon Mobil Corp. won a lawsuit challenging a $2 million fine levied against it by U.S. Treasury Secretary Steven Mnuchin after the company allegedly violated Ukraine-related sanctions with a series oil and gas deals in Russia, …

Putin may meet Exxon's chief on October 2

Putin may meet Exxon's chief on October 2

Russian President Vladimir Putin and head of U.S. energy giant Exxon Mobil Darren Woods may meet in Moscow on October 2 on the fringes of Russian Energy Week conference, Kremlin spokesman Dmitry …

ExxonMobil to study hydrocarbon resources in western Georgia

ExxonMobil to study hydrocarbon resources in western Georgia

ExxonMobil will evaluate the potential of hydrocarbons in western Georgia within the agreement on conducting fieldworks on hydrocarbon resources in Georgia, which was signed by the LEPL State Agency for Oil and Gas of the Ministry of Economy and …

Exxon Mobil discuss new projects with Russia?

Exxon Mobil discuss new projects with Russia?

Bloomberg, citing its sources, reported that Russia has started discussions with Exxon Mobil Corp. over possible new oil and gas projects. According to the agency, several options were prepared for Exxon, including in natural gas, …

Lukoil climbs to 2nd place in energy company rankings

Lukoil climbs to 2nd place in energy company rankings

Russia's oil major Lukoil rose from 6th to 2nd place in the 2018 S&P Global Platts Top 250 Global Energy Company Rankings 2018. Gazprom fell to 17th place in the rating, down from 1st place in the 2017 rankings. …

Kazakhstan does not want to reduce oil production

Kazakhstan does not want to reduce oil production

Energy Minister says Kashagan would produce some 200,000 bpd in H2 2018, and then possibly 300,000 bpd by year-end. “Today, our daily production rate is 1.8 million barrels…we are not …

 ExxonMobil quits joint projects with Russia’s Rosneft

ExxonMobil quits joint projects with Russia’s Rosneft

Exxon Mobil Corp said it will exit joint ventures with Russia’s Rosneft, citing US and European Union sanctions. Exxon Mobil said in its annual report sent to the US Securities and Exchange Commission (SEC) on Wednesday that it …

American ExxonMobil becomes shareholder of BTC oil pipe

American ExxonMobil becomes shareholder of BTC oil pipe

American oil company ExxonMobil became a shareholder of BTC Co., which manages the Baku-Tbilisi-Ceyhan oil pipeline, reads BP's report on the results of activities in Azerbaijan in 2017, AzerNews reports. ExxonMobil acquired 2.5 …

WSJ: ExxonMobil seeks US waiver to resume Russia oil venture

WSJ: ExxonMobil seeks US waiver to resume Russia oil venture

Exxon Mobil Corp. has applied to the Treasury Department for a waiver from US sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, Wall Street Journal reported with reference to people familiar with the …