KEY POINTS ExxonMobil Corp.’s stock closed at a new 52-week high on Monday, reaching $120.82 per share. The milestone caps a year in which the energy giant’s shares have climbed …
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KEY POINTS The decision by Chevron to remain in Venezuela through years of political turmoil, sanctions and economic collapse is now placing the US oil major at the centre of …
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KEY POINTS ExxonMobil has agreed to extend the lease and operating contracts for two floating production storage and offloading vessels operated by SBM Offshore off the coast of Angola, securing …
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KEY POINTS Norwegian oil and gas producer DNO has struck new oil offtake agreements with subsidiaries of Shell and ExxonMobil, securing long-term buyers for its North Sea output and unlocking …
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In the NewsOil & Gas
Exxon Mobil Names Neil Hansen as New CFO as Kathryn Mikells Retires for Health Reasons
KEY POINTS Exxon Mobil has announced a leadership change at the very top of its financial operations, confirming that Kathryn Mikells, the company’s senior vice-president and chief financial officer, will …
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In the NewsOil & Gas
ExxonMobil Begins Phased Shutdown of Ageing Jurong Cracker as Petrochemical Glut Deepens
KEY POINTS ExxonMobil has begun winding down its oldest steam cracker on Singapore’s Jurong Island, marking a significant shift in the company’s Asian petrochemicals strategy at a time of persistent …
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KEY POINTS ExxonMobil has formally resumed work on its long-delayed natural gas project in northern Mozambique, marking its first decisive step back into the troubled region more than four years …
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In the NewsOil & Gas
ExxonMobil’s Fife Ethylene Plant to Shut After Four Decades as Hundreds Face Redundancy
KEY POINTS ExxonMobil’s decision to wind down operations at its Fife Ethylene Plant in Cowdenbeath has drawn a line under one of Scotland’s most significant industrial landmarks, ending forty years …
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In the NewsOil & Gas
Contract Dispute Puts ExxonMobil’s Rovuma LNG Ambitions Under Fresh Pressure in Mozambique
KEY POINTS Rovuma liquefied natural gas from ExxonMobil project in northern Mozambique has run into another patch of turbulence, as disagreements over the first set of service contracts threaten to …
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KEY POINTS Chevron confirmed this week it is nearing a final investment decision on the second phase of its 22 trillion cubic foot Leviathan gas field offshore Israel, a project …
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