KEY POINTS Two of the world’s biggest energy companies, ExxonMobil and Chevron, have reported significant drops in first-quarter profits for 2026, even as global oil prices surged due to supply …
ExxonMobil
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In the News
ExxonMobil and Teach For Qatar Renew Partnership to Boost Education and STEM Development
KEY POINTS ExxonMobil Qatar has renewed its strategic partnership with Teach For Qatar for another three years, strengthening efforts to improve education quality and teacher development across Qatar. The collaboration, …
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In the NewsOil & Gas
Saipem Lands $150m Offshore Contract for ExxonMobil’s Longtail Project in Guyana
KEY POINTS Saipem has secured a $150 million contract from ExxonMobil Guyana to kick off early-stage work on the Longtail offshore development. The limited notice to proceed allows the company …
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KEY POINTS ExxonMobil has reported significant progress in the decommissioning of its offshore assets in the Bass Strait, describing the process as advancing “strongly” as it continues to wind down …
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In the NewsMarketsOil & Gas
FG Commends ExxonMobil’s $3.5bn Investment, Seeks Increased Oil Sector Commitment
KEY POINTS The Federal Government has praised ExxonMobil Nigeria for investing over $3.5 billion in the country’s oil and gas sector, describing the move as a strong signal of renewed …
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In the NewsMarketsOil & Gas
ExxonMobil Faces Output Pressure as Middle East Tensions Disrupt Key Production Hubs
KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …
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KEY POINTS ExxonMobil is considering an $8 billion investment in Nigeria’s Owowo deepwater field, with a Final Investment Decision (FID) targeted by 2027, as the company renews its commitment to …
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In the NewsOil & Gas
ExxonMobil Pioneers Fully Automated Offshore Drilling in Guyana, Redefining Future Project Economics
KEY POINTS ExxonMobil (NYSE:XOM) has achieved what industry insiders are calling the world’s first fully automated offshore well placement in Guyana, in collaboration with Halliburton and other partners. The project …
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In the NewsMarketsOil & Gas
Seplat Revives 49 Dormant ExxonMobil Wells, Targets 50 More to Boost Nigeria’s Oil Output
KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …
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KEY POINTS Mozambique is rapidly strengthening its position as one of Africa’s most important natural gas producers following the revival of massive liquefied natural gas, LNG, projects on the Afungi …