Exxon Mobil Corp. is partnering with Microsoft Corp. to crunch trillions of bits of data as the oil titan seeks to more than triple shale-oil production in the Permian Basin in less than a decade.
February 22, 2019BusinessFuel
Texas Shale Forces Big Oil Cost Revolution, Chevron CEO Says
The low break-even costs to pump in the Permian are forcing Chevron to be more efficient everywhere, Wirth said, from the deepwater platforms in the Gulf of Mexico to its liquefied natural gas plants.
February 13, 2019BusinessFuel
Exxon 3Q Profit Surges on Higher Energy Prices
DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.
November 2, 2018Business
DHL Supply Chain, ExxonMobil Partner on New Texas Logistics Center
DHL Supply Chain cut the ribbon, along with ExxonMobil Global Services, on a 160,000-square-foot center in Baytown, Texas, that will serve as a regional distribution center for the maintenance, repair and operations for six refineries and chemical plants in the Lone Star state.
November 6, 2017BusinessFuel
Exxon Not Threatened by Electric Cars, Says Trucks Are ‘Where the Real Action Is’
Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown.
November 2, 2017BusinessEquipmentLogisticsFuel
Exxon to Introduce New Engine Oils on Website
ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.
August 26, 2016