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Exxon Mobil Corp

Futures tick lower as energy stocks slip

Futures tick lower as energy stocks slip

  • Futures down: Dow 0.26%, S&P 0.29%, Nasdaq 0.22%.
  • Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp dipped between 0.9% and 1.2% in premarket trading as oil prices retreated on demand fears.
Published 12 Feb, 2021 05:51pm
Oil Producer Hess expects dip in 2021 output
Markets

Oil Producer Hess expects dip in 2021 output

  • Hess has allotted $780 million, or 41% of its budget, to development activities in offshore Guyana.
  • We also will continue to invest in an active exploration and appraisal program, with 12-15 wells planned on the Stabroek Block (offshore Guyana).
Published 25 Jan, 2021 08:18pm
Exxon Mobil to cut 700 jobs in Houston
Business & Finance

Exxon Mobil to cut 700 jobs in Houston

  • The largest US oil producer had previously said it would cut its global workforce by about 15%.
  • Exxon and other oil companies have been slashing costs due to a collapse in oil demand due to the coronavirus pandemic and ill-timed bets on new projects.
Published 12 Dec, 2020 12:14am
Exxon to cut up to 300 jobs in Canada
Business & Finance

Exxon to cut up to 300 jobs in Canada

  • Reductions will include positions at Imperial Oil Ltd , ExxonMobil Canada Ltd and ExxonMobil Business Centre Canada ULC.
  • Oil producers, including Exxon, have been slashing costs due to a collapse in oil demand and ill-timed bets on new projects.
Published 26 Nov, 2020 12:15am
ExxonMobil not to set up LNG terminal in Pakistan
Business & Finance

ExxonMobil not to set up LNG terminal in Pakistan

  • “ExxonMobil is evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term as a result of market conditions and commodity price decreases,” said Exxon spokesperson while talking to Business Recorder.
Published 29 Oct, 2020 05:51pm
Exxon announces 18th discovery offshore Guyana
Business & Finance

Exxon announces 18th discovery offshore Guyana

  • Exxon said that the 18th discovery, made at the Redtail-1 well, will add to its previous estimate of over 8 billion barrels of total oil and gas resources on the Stabroek Block offshore Guyana.
  • Exxon operates the Stabroek block as part of a consortium with Hess Corp and China's CNOOC Ltd.
Published 08 Sep, 2020 06:36pm
Exxon names ex-Qatar chief as country head in emerging hot spot Guyana
Markets

Exxon names ex-Qatar chief as country head in emerging hot spot Guyana

  • Alastair Routledge takes over after the company, as part of a consortium with Hess Corp and China's CNOOC Ltd, has discovered some 8 billion barrels of oil and gas.
  • The United States has called on Granger to "step aside," but Granger insists he has not interfered with the vote or the ongoing court review.
Published 24 Jul, 2020 01:17am