Tag: Exxon

April 7, 2020

Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — […]

January 14, 2020

When it comes to the future sustainability (excuse the pun) of oil companies, there are two trains of thought, one of which is that they should ‘stick to their knitting’ and just focus on what they are good at, which […]

March 12, 2019

Big oil is getting even bigger in shale, and that could speed up a shakeout among independents and force more mergers and joint ventures. Last week, both Exxon Mobil and Chevron said they would boost their growth in the Permian […]

August 28, 2018

Exxon Mobil Corp. has been looking to buy renewable energy for delivery in Texas, according to people familiar with the matter. The largest U.S. oil company sent out a request for proposals with a June 8 deadline, inviting solar or […]

March 7, 2017

As part of Exxon’s Growing the Gulf initiative, the company says it is planning to spend $20 billion over the next ten years to expand its manufacturing capacity along the US Golf Coast. Exxon chairman and CEO Darren Woods says with […]

February 23, 2017

U.S. oil major Exxon Mobil Corp has revised down its proved crude reserves by 3.3 billion barrels of oil equivalent as a result of low oil prices throughout 2016, a company filing showed on Wednesday. The de-booking includes the entire […]

May 27, 2016

The past year hasn’t been kind to oil and gas companies, as sliding oil prices have eaten sharply into bottom lines and caused layoffs and bankruptcies across the industry. However, the titans of energy are still standing tall, even as their businesses are pressured. ExxonMobil […]