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Exxon Mobil Signals Up to $20 Billion Write-down to Overwhelm Fourth-quarter Gains

2020-12-31 11:20:00| OGI

Exxon Mobil signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.

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Exxon Mobil Considers Investing Over $240 Million in Louisiana Refinery

2020-12-17 11:25:00| OGI

Exxon Mobil is carrying out a multibillion-dollar expansion of its Beaumont, Texas, refinery to run crude oil coming from the Permian Basin in Texas.

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Exxon Mobil to Cut 700 Jobs in Houston

2020-12-11 19:40:00| OGI

The 700 jobs are part of around 1,900 U.S. cuts anticipated, which Exxon Mobil has said would come mainly from its Houston-area campus.

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Exxon Mobil Faces Proxy Fight Launched by New Activist Firm Led by Chris James

2020-12-07 19:35:00| OGI

New investment firm Engine No. 1 pushes the battered energy company Exxon Mobil, valued at $176 billion, to spend its cash better, preserve its dividend, and refresh its board.

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Exxon Mobil to Focus on Guyana, Permian Assets Following $20 Billion Impairment Charge

2020-11-30 23:45:00| OGI

Exxon Mobil will focus on Guyana, where it discovered up to 8 billion barrels of oil, offshore Brazil, and the Permian Basin oil field, the company said.

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