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Exxon Mobil

  • In the News

    Exxon-Pioneer Merger Approved, But Ex-CEO Barred Over Alleged OPEC Collusion

    by Victor Adetimilehin May 3, 2024
    by Victor Adetimilehin May 3, 2024

    The FTC approves the Exxon-Pioneer deal but blocks former Pioneer CEO from joining Exxon’s board due to accusations of colluding with OPEC to raise oil prices. Lawmakers raise concerns about …

  • In the News

    Exxon CEO Pay Raises Questions Despite Profits Plunge

    by Victor Adetimilehin April 12, 2024
    by Victor Adetimilehin April 12, 2024

    Exxon Mobil CEO Darren Woods received a nearly 3% raise in total compensation for 2023, reaching $36.9 million, according to a regulatory filing submitted by the oil giant. This news …

  • In the News

    Chevron Blindsided by Exxon’s Arbitration Move in Guyana Oil Deal

    by Victor Adetimilehin March 20, 2024
    by Victor Adetimilehin March 20, 2024

    Chevron’s proposed $53 billion takeover of Hess Corporation’s stake in the lucrative Stabroek oil block has hit a major snag. Exxon Mobil, the current operator of the block, surprised everyone …

  • In the News

    Exxon Seeks Rights Over Hess’ Guyana Stake in $53 Billion Deal Dispute

    by Victor Adetimilehin March 19, 2024
    by Victor Adetimilehin March 19, 2024

    The dispute centers on a disagreement over the interpretation of a joint operating agreement governing the consortium responsible for Guyana’s oil production.

  • Oil & Gas

    Nigeria’s Oil Boom: Record Production in September 2023

    by Motoni Olodun October 13, 2023
    by Motoni Olodun October 13, 2023

    Nigeria, Africa’s largest oil exporter, has achieved its highest crude oil production level this year, reaching 1.35 million barrels per day in September 2023. This is a 14 percent increase …

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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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