Exxonmobil news latter

Here are some recent news articles and updates from ExxonMobil:

Recent News Articles:

  1. ExxonMobil to Invest $20 Billion in Permian Basin (Source: Bloomberg, March 2023) ExxonMobil announced plans to invest $20 billion in the Permian Basin over the next five years, making it one of the largest investments in the region.
  2. ExxonMobil to Acquire CNOOC's Stake in Iraq's West Qurna-1 Oil Field (Source: Reuters, February 2023) ExxonMobil agreed to acquire CNOOC's 9.84% stake in the West Qurna-1 oil field in Iraq for $1.1 billion.
  3. ExxonMobil to Invest $1 Billion in Renewable Energy (Source: CNBC, January 2023) ExxonMobil announced plans to invest $1 billion in renewable energy projects, including wind and solar power, over the next five years.
  4. ExxonMobil Reports Strong Q4 Earnings (Source: MarketWatch, January 2023) ExxonMobil reported strong fourth-quarter earnings, driven by higher oil prices and increased production.

Company Updates:

  1. ExxonMobil Appoints New CEO (Source: ExxonMobil, January 2023) ExxonMobil appointed Darren Woods as its new CEO, effective January 1, 2023.
  2. ExxonMobil to Increase Production at its Kearl Oil Sands Project (Source: ExxonMobil, December 2022) ExxonMobil announced plans to increase production at its Kearl oil sands project in Alberta, Canada, by 50% by 2025.
  3. ExxonMobil to Sell Its Stake in the Azeri-Chirag-Guneshli Oil Field (Source: ExxonMobil, November 2022) ExxonMobil agreed to sell its 6.8% stake in the Azeri-Chirag-Guneshli oil field in Azerbaijan to the State Oil Company of Azerbaijan Republic (SOCAR) for $1.6 billion.

Industry Insights:

  1. ExxonMobil's Permian Basin Operations Face Challenges (Source: The Wall Street Journal, February 2023) ExxonMobil's Permian Basin operations are facing challenges, including increased competition and declining oil prices.
  2. ExxonMobil's Renewable Energy Ambitions Face Skepticism (Source: The New York Times, January 2023) ExxonMobil's plans to invest in renewable energy have been met with skepticism, with some critics arguing that the company's commitment to fossil fuels is too strong.

Please note that these articles and updates are subject to change and may not reflect the company's current position or plans.