ExxonMobil News Updates

BusinessFuel

Lubrication Practices That Save Time and Increase Uptime

With these 4 lubrication best practices, fleet and maintenance managers can keep trucks on the road for longer and save money. Read more from the Mobil Delvac™ team to learn how our experts can help you implement these strategies successfully. 

August 1, 2024
GovernmentBusinessFuel

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant

A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.

July 24, 2024
GovernmentBusinessFuel

FTC Delays Chevron-Hess Decision to After Exxon Arbitration

The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

July 11, 2024
BusinessFuel

Proxy Firm: Hess Investors Should Abstain on Chevron Vote

Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.

May 13, 2024
GovernmentBusinessFuel

Exxon to Close Pioneer Deal

The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.

May 2, 2024
BusinessFuel

Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates

Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.

April 26, 2024
GovernmentBusinessFuel

Exxon Confident Its Intent With Guyana Contract Will Prevail

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

March 22, 2024
BusinessFuel

Exxon Move May Delay Chevron-Hess Merger

Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.

March 7, 2024

Exxon Profit Falls Compared With Record Numbers Last Year

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

October 27, 2023
BusinessFuel

Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

October 11, 2023