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Exxon Mobil Corp

Big oil is racing to scale up carbon capture to slash emissions

by Milton Acorn
Big oil is racing to scale up carbon capture to slash emissions

A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie …

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Categories Science

Big Oil’s green-bashing at Texas energy conference stokes backlash

by Milton Acorn
Big Oil’s green-bashing at Texas energy conference stokes backlash

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp | Getty Images Top oil executives …

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Categories Science

Exxon is not trying to acquire Hess in dispute with Chevron, CEO says

by Milton Acorn
Exxon is not trying to acquire Hess in dispute with Chevron, CEO says

HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly, …

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Categories Science

Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute

by Milton Acorn
Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute

Mike Wirth, CEO of Chevron and John Hess, CEO of Hess, appear on CNBC to speak about Chevron’s deal to buy Hess Corp for $53 billion all-stock deal, on the …

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Categories Science

Exxon could make a bid for Hess’ oil assets in Guyana if Chevron deal terminates

by Milton Acorn
Exxon could make a bid for Hess’ oil assets in Guyana if Chevron deal terminates

An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Al Drago | Bloomberg | Getty Images Exxon Mobil indicated Wednesday it could make a bid …

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Categories Science

HES shares drop as fight with XOM over Guyana oil threatens Chevron takeover

by Milton Acorn
HES shares drop as fight with XOM over Guyana oil threatens Chevron takeover

Hess Corp shares fell Tuesday after Chevron warned investors that a dispute with Exxon Mobil and China’s National Offshore Oil Corp. (Cnooc) over Guyana’s offshore oil assets could jeopardize its …

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Categories Science

Nvidia’s wild ride and induction into the $2 trillion market cap club in two charts

by Adrian Jhonsan
Nvidia’s wild ride and induction into the  trillion market cap club in two charts

The $2 trillion club has a new member: Nvidia . The leading artificial intelligence chipmaker’s market capitalization briefly topped $2 trillion on Friday, becoming only the third U.S. company in …

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Categories World

Exxon (XOM) Q4 earnings report 2023

by Milton Acorn
Exxon (XOM) Q4 earnings report 2023

Exxon Mobil reported quarterly earnings that beat Wall Street’s expectations, but the company’s profit declined significantly from same period the year prior as oil prices weakened. Exxon declared a dividend …

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Categories Science

Fourth-quarter earnings shaping up to be the best of 2023

by Shawn Butlere
Fourth-quarter earnings shaping up to be the best of 2023

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 1, 2024.  Brendan McDermid | Reuters Here’s how big of a surprise …

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Categories Health

How Guyana’s big oil boom turned it into the world’s fastest-growing economy

by Adrian Jhonsan
How Guyana’s big oil boom turned it into the world’s fastest-growing economy

Guyana, a tiny South American nation home to more than 800,000 people, made big headlines in December. The reason? Its neighboring country, Venezuela. Venezuela’s autocratic leader Nicolás Maduro called for …

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Categories World
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