ExxonMobil Stock News

ExxonMobil (XOM 1.70%) and its partners, which now include Chevron (CVX 0.88%), have approved the Hammerhead project offshore Guyana. The companies expect to invest $6.8 billion in developing the offshore oil project, which should start producing in 2029.

Its ‘Retail Voting Program' is a power grab by management.

Exxon Mobil , Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned the country's antitrust regulator Cade to intervene in a merger between energy contractors Subsea7 and Saipem , public documents seen by Reuters show.

Exxon Mobil Corp (NYSE:XOM, ETR:XONA) shares ticked up 2% Tuesday after word spread that the US oil major has signed a preliminary agreement with Russia's Rosneft to claw back billions lost when it exited the country in 2022. According to Reuters, the deal, described by two people familiar with the talks, is not legally binding but lays out terms for negotiations aimed at recovering the $4.6 bi...

U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow's invasion of Ukraine, according to two sources familiar with the talks.

Exxon Mobil Corporation remains reasonably cheap with a justifiable upside even after pricing in potential risks. Its stable performance characterized by prudent inventory management, lower operating leverage, and strong liquidity promises sustainability and dividend longevity. Growth prospects of oil and natural gas are rosy, which can bolster its performance in the long run.

Exxon Mobil Corp has started production at new facilities at its Singapore oil refinery complex to produce base stocks from residue fuel, it said on Tuesday.

DataTrek remains positive on U.S. large cap stocks, but expects more bearish commentary related to valuation in the days ahead