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ExxonMobil
Government, Business, Fuel

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant

Exxon logo at gas station

A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.

Ruth Liao and Alex Wolf | Bloomberg News
July 24, 2024
Government, Business, Fuel

FTC Delays Chevron-Hess Decision to After Exxon Arbitration

Chevron sign

The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

Leah Nylen and Kevin Crowley | Bloomberg News
July 11, 2024
Business, Fuel

Proxy Firm: Hess Investors Should Abstain on Chevron Vote

Chevron

Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.

Crystal Tse and Kevin Crowley | Bloomberg News
May 13, 2024
Government, Business, Fuel

Exxon to Close Pioneer Deal

Exxon sign

The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.

Kevin Crowley and Leah Nylen | Bloomberg News
May 2, 2024
Business, Fuel

Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates

Exxon sign

Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.

Kevin Crowley | Bloomberg News
April 26, 2024
Government, Business, Fuel

Exxon Confident Its Intent With Guyana Contract Will Prevail

Exxon signage at NYSE

Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.

Michael Hirtzer and Kevin Crowley | Bloomberg News
March 22, 2024
Business, Fuel

Exxon Move May Delay Chevron-Hess Merger

Hess station

Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.

Joe Ryan | Bloomberg News
March 7, 2024

Exxon Profit Falls Compared With Record Numbers Last Year

Exxon sign

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

Michelle Chapman | Associated Press
October 27, 2023
Business, Fuel

Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon sign

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

Michelle Chapman | Associated Press
October 11, 2023
Government, Business, Fuel

Exxon in Talks to Buy Pioneer

Exxon station

Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades.

Bloomberg News
October 6, 2023

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