Exxon Mobil Corporation

Exxon Mobil Corp's global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic slammed global oil prices and demand, the company said on Wednesday.

Exxon Mobil Corp plans to restart the small crude distillation unit (CDU) and a coker at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery, said sources familiar with plant operations on Wednesday.

Exxon Mobil Corp will sell non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1 billion, as the oil major seeks to free up cash and focus on some mega projects.

Exxon Mobil Corp is making slow progress restarting the wastewater and sulfur recovery units (SRUs) at its 560,500-barrel-per-day (bpd) Baytown, Texas, refinery, two sources familiar with plant operations said on Tuesday.

Investment firm Engine No. 1 on Monday reiterated its call for Exxon Mobil Corp, one of corporate America's most iconic brands, to slash its greenhouse gas emissions to zero by 2050, according to a letter sent to the company.

Exxon Mobil Corp began restarting its 560,500 barrel-per-day (bpd) Baytown, Texas, refinery on Monday after it was shut by extreme cold weather, said a company spokesman.

Exxon Mobil Corp has begun restarting its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery and adjoining chemical plant, a company spokesman said on Sunday.

S&P Global Ratings on Thursday cut the credit ratings of top U.S. oil producers Exxon Mobil Corp, Chevron Corp and ConocoPhillips by a notch, citing massive quarterly losses and the pressure to tackle climate change.

Oil giants Exxon Mobil and Chevron have discussed merging. In the fantasy M&A game, Exxon could in theory buy Chevron at a premium, mostly for stock. But Darren Woods may not be investors’ preferred leader for the combined group. Chevron buying Exxon might bring the right...

Exxon Mobil Corp said on Wednesday it will close its 72-year-old Altona refinery in Australia, the country's smallest, and convert it to a fuel import terminal as refiners struggle with low demand.

U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the country's vice president said on Tuesday.

Exxon Mobil Corp said on Friday it had reduced crude output levels at the Liza Destiny floating platform off Guyana's coast after a gas compressor failed.

Activist investor Jeff Ubben is being considered for a board seat at Exxon Mobil Corp, Bloomberg News reported on Thursday, citing people familiar with the matter.

Dozens of unhappy investors told Exxon Mobil Corp. on Tuesday to move more quickly and forcefully to improve returns and focus on clean energy, hours after the oil company reported an historic annual loss and said it added a new director to its board.

Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion.

Yemen's Houthi group has advised the United Nations to pause preparations to deploy a team to assess a decaying oil tanker threatening to spill 1.1 million barrels of crude oil off the war-torn country's coast, a U.N. spokesman said on Tuesday.

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Dozens of unhappy investors told Exxon Mobil Corp. on Tuesday to move more quickly and forcefully to improve returns and focus on clean energy, hours after the oil company reported an historic annual loss and said it added a new director to its board.

Exxon Mobil Corp on Tuesday posted its first annual loss as a public company as the COVID-19 pandemic hammered energy prices and reduced the value of its shale gas properties by more than $20 billion.