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Exxon

  • In the NewsOil & Gas

    Shell, bp and Exxon Bet Big on Libya’s Oil Comeback After Decade of Instability

    by Oluwatosin Racheal Alabi August 7, 2025
    by Oluwatosin Racheal Alabi August 7, 2025

    KEY POINTS Libya’s oil and gas industry is making a resurgence after years of instability and underinvestment, attracting the interest of major players in the global energy market. In an …

  • In the News

    Exxon Director Joins Bid to Acquire Citgo Petroleum

    by Victor Adetimilehin September 30, 2024
    by Victor Adetimilehin September 30, 2024

    Gregory Goff, an Exxon director, is leading Amber Energy in a $7.28 billion bid to acquire Citgo Petroleum, aiming to expand its refining and distribution presence in the U.S.

  • In the News

    Chevron’s $53B Bid for Hess Faces Hurdles from Exxon, Venezuela

    by Victor Adetimilehin March 10, 2024
    by Victor Adetimilehin March 10, 2024

    Chevron Corporation, the second-largest U.S. oil company, has made a bold move to acquire Hess Corporation, a rival oil producer with a stake in the lucrative Guyana offshore oil field. …

  • In the News

    Chevron’s Bid for Hess’s Guyana Oil Stake Challenged by Exxon

    by Victor Adetimilehin March 7, 2024
    by Victor Adetimilehin March 7, 2024

    Exxon claims right to match offer Exxon Mobil Corp has thrown a wrench into Chevron Corp’s plan to buy Hess Corp stake in the Stabroek offshore oil block in Guyana, …

  • In the News

    Exxon’s Bid to Block Chevron-Hess Deal Sparks Oil Drama

    by Victor Adetimilehin February 29, 2024
    by Victor Adetimilehin February 29, 2024

    The oil industry is witnessing a high-stakes drama as Exxon Mobil, the largest U.S. oil producer, tries to spoil Chevron’s acquisition of Hess, a smaller rival with a coveted position …

  • In the News

    Exxon’s Record Profit: How It Beat the Odds in 2023

    by Victor Adetimilehin February 4, 2024
    by Victor Adetimilehin February 4, 2024

    Exxon Mobil, the largest U.S. oil company, surprised analysts and investors by reporting a $36 billion profit for 2023, the highest in its history. The company achieved this feat despite …

  • In the News

    Exxon’s California Exit Dents Earnings Amid Low Oil Prices

    by Victor Adetimilehin January 6, 2024
    by Victor Adetimilehin January 6, 2024

    Exxon Mobil Corp, the largest U.S. oil producer, reported a drop in its fourth-quarter earnings on Thursday, as it wrote down $2.5 billion of assets in California and faced lower …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Oil Slips as Traders Brace for OPEC+ Supply Hike, Weaker U.S. Fuel Demand
Egypt Strikes $340 Million Oil and Gas Deals to Revive Declining Output

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Oil Slips as Traders Brace for OPEC+ Supply Hike,...
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