ExxonMobil and Chevron reported significantly increased second-quarter profits, driven by rising oil prices attributed to the Iran war and Middle East supply disruptions. Chevron's net income soared to $12 billion, while Exxon posted $14.5 billion, despite its refining business missing analyst estimates.
ExxonMobil und Partner investieren 1 Mrd. USD in das Usan-Infill-Projekt vor Nigerias Küste. Ziel ist eine Steigerung der Förderung um 40.000 Barrel pro Tag. Dies markiert die Rückkehr zu Bohraktivitäten nach 2016.
ExxonMobil expects a $5 billion profit increase in Q2 due to rising oil prices and refining margins. Kuwait's budget deficit widened to $23.1 billion amid falling oil revenues. South Korean stocks fell sharply, led by semiconductor companies, amid AI spending concerns.
ExxonMobil and QatarEnergy signed a "declaration of marketability" with Cyprus for two natural gas discoveries in Block 10. The Glaucus and Pegasus fields, holding over 7 trillion cubic feet of gas, are expected to start flowing by 2033, bolstering Europe's energy diversification from Russian gas.
US President Donald Trump has ordered the Department of Justice to investigate major energy companies, including Chevron, ExxonMobil, Shell, and BP, for allegedly "gouging" drivers by not lowering fuel prices despite a significant drop in wholesale oil costs. The American Petroleum Institute disputes the claim, citing ongoing supply issues.
The US Supreme Court ruled 6-3 that ExxonMobil can sue Cuban state-owned companies in US courts over property seized after Fidel Castro's rise to power. The decision, based on the 1996 Helms-Burton Act, reverses lower court rulings and allows claims for confiscated assets.
한국남부발전이 미국 뉴저지에서 엑손모빌과 미국 내 가스복합 발전 사업 개발 및 LNG 공급망 협력을 위한 MOU를 체결했다. 양사는 미국 전력 밸류체인 투자 기회를 공동 검토하고, AI 산업 성장으로 인한 전력 부족 문제 해결에 기여할 것으로 기대된다.
QatarEnergy, ExxonMobil, and Egypt's Ministry of Petroleum have signed an MOU to explore developing and exporting gas discovered off Cyprus via Egypt's infrastructure to European markets.
ExxonMobil is reportedly in negotiations to resume oil production in Venezuela after a 20-year absence. The potential deal, which could be finalized this month, involves up to six oil fields. This move is influenced by rising global oil prices due to the Middle East conflict and strategic pressure from competitor Chevron's expansion in Venezuela.
ExxonMobil warns EU's new methane rules, effective 2027, could cut gas supply by 43% and oil by 87% due to stringent reporting requirements, risking higher prices and deindustrialization.
Egypt signed a memorandum of understanding with ExxonMobil and QatarEnergy to enhance cooperation in utilizing Egypt's natural gas infrastructure and exploring links to Cypriot discoveries. The agreement aims to position Egypt as a regional energy hub.
Malgré un chiffre d’affaires supérieur aux attentes, le géant pétrolier américain voit son bénéfice net chuter de 45,78% sur un an.
WPP accused of breaching its climate policy after report reveals firm linked to twice as much oil advertising as US rivalsA British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.London-based WPP was the leading advertising group serving the US’s oil industry over the past decade, according to analysis by the climate investigations platform DeSmog. The figure is nearly twice the respective amounts linked to its US rivals Omnicom and Interpublic Group (IPG), which merged in November. Continue reading...
ExxonMobil and Chevron have reported significant drops in production and financial losses due to the Iran war, citing operational disruptions and market volatility linked to the conflict and Strait of Hormuz restrictions.
