Tag: Exxon

Commercialization, Conventional Fuels

Exxon cuts capital spending by 30%, but CEO says it’s ‘committed to maintaining’ dividend

April 7, 2020

Via: CNBC energy

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 — […]

Chemical, Conventional Fuels

The Future of the Oil Company

January 14, 2020

Via: Energy Collective

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 […]

Chemical, Conventional Fuels

Exxon, Chevron planning big expansions in shale drilling, a move which could shake up the industry

March 12, 2019

Via: CNBC energy

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 […]

Mainstream technologies, Renewable Energy

Oil Major Exxon Reportedly Seeking Wind and Solar Power

August 28, 2018

Via: Renewable Energy News

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 […]

News and Policies, U.S.

Exxon to invest $20 billion on US Gulf refining projects

March 7, 2017

Via: American Energy News

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 […]

Chemical, Conventional Fuels

Exxon revises down oil and gas reserves by 3.3 billion barrels

February 23, 2017

Via: American Energy News

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 […]

News and Policies, World

The World’s Largest Oil And Gas Companies 2016: Exxon Is Still King

May 27, 2016

Via: Forbes

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 […]