Benchmark Monitor
Exxon Mobil Corporation (NYSE:XOM) said lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier. The U.S. oil major said in a securities filing it expected improved crude prices to boost second-quarter profit by $400 million to $600 […]
Exxon Mobil Corporation (NYSE:XOM) and Global Thermostat signed a joint development agreement to advance technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. If technical readiness and scalability is established, […]
Royal Dutch Shell and Exxon Mobil Corporation (NYSE:XOM) are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement. Shell and Exxon Mobil had a joint venture there prior to the toppling of dictator Mohamed Siad Barre in the early 1990s. Exxon Mobil […]
Exxon Mobil Corporation (NYSE:XOM) is now considering selling all its licenses on the Norwegian continental shelf, according to Norwegian media. The Norwegian Continental Shelf assets sale is expected to fetch between $3 billion and $4 billion according to experts. Exxon Mobil Corporation (NYSE:XOM) shares tanked -0.88% to finally closed at $76.27 in last active session. XOM’s distance […]
Exxon Mobil Corporation (NYSE:XOM) potential exit from the Norway side of the North Sea should attract multibillion-dollar offers and help the company exit a part of the world that is no longer seen as a key focus area, says energy research firm Wood Mackenzie. XOM’s position is “substantial enough to receive an attractive exit price, […]
Exxon Mobil Corporation (NYSE:XOM) is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said. Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other […]