ExxonMobil

Ukrainian President Volodymyr Zelenskyy claimed that Ukraine conducted a nighttime operation using anti-ship missiles, drones, and sea drones to hit Novorossiysk, which was identified as the last major Russian fleet stronghold in the Black Sea. The attack reportedly targeted air defenses, piers, and port infrastructure in the Krasnodar region. Separately, Zelenskyy cited intelligence reports stating that Vladimir Putin plans for an additional rapid mobilization of several hundred thousand Russians.

Wall Street futures showed mixed movements, with Nasdaq rising 0.3% while the Dow Jones Industrial Average nudged down 0.1%. Oil prices remained volatile due to lingering uncertainty about the Strait of Hormuz; meanwhile, major oil companies' shares were near unchanged after recent large gains. The market is focused on Wednesday’s expected update on U.S. inflation in July, which may influence Federal Reserve interest rate decisions and general economic borrowing costs.

The energy minister stated that natural gas from a deposit off Cyprus can supply European consumers as early as March 2028. The project involves the Cronos field and partners TotalEnergies and Eni, which will transport gas to Europe by first routing it through Egypt's Zohr natural gas deposit for liquefaction.

Brent crude prices dropped after the US indicated progress on reopening the Strait of Hormuz, but analysts suggest retail fuel prices may not immediately decline due to refinery capacity and regional energy disruptions. President Trump criticized oil companies for not lowering gas prices despite their high earnings, while JPMorgan predicted potential future price increases if Hormuz issues persist.

The Errea Wittu FPSO, ExxonMobil's fifth FPSO for Guyana, is set to push the country's oil output past 1 million barrels per day for the first time. The vessel, central to the $12.7 billion Uaru project, is named 'abundance' in the local language.

ExxonMobil is drilling the Rockhead-1 exploration well in Guyana’s Stabroek Block, approximately 213 km offshore, to target additional oil reserves. The Stena Carron drillship is conducting the operation, expected to finish by August 31, 2026. ExxonMobil Guyana holds a 45% stake in the block’s development.

US stocks climbed toward a record as companies reported rising profits and oil prices declined. The S&P 500, Dow Jones, and Nasdaq all rose, with Palantir Technologies surging after strong revenue growth. President Trump criticized oil companies for high profits, while talks with Iran potentially eased tensions and pressured oil prices downward.

US President Donald Trump criticized oil majors for 'making too much money' following record profits from companies like ExxonMobil, Chevron, Aramco, BP, and Shell amid rising oil prices linked to the Iran war. Trump argued they should 'give some back to the public,' as surging gas prices harm Republican prospects in the midterms, while the US Strategic Petroleum Reserve is at its lowest level since the 1980s.

Critics argue Guyana's ExxonMobil-operated Stabroek Block production sharing agreement lacks a ring-fencing clause, allowing costs from new developments to be recovered against earnings from producing fields. Stabroek production reached 900,000 barrels per day in late 2025 and averaged 903,000 bpd in April 2026.

Civil-society accountants warn that the absence of ring-fencing in Guyana's ExxonMobil-led Stabroek contract has cost the state billions as oil production exceeds 900,000 barrels daily. The alert highlights potential financial risks amid rising production.

Donald Trump has criticized oil companies for making excessive profits from the US-Iran conflict, particularly targeting ExxonMobil and Chevron for their significant second-quarter profits. European and Saudi oil companies, including Shell and Aramco, also reported substantial profit increases amid the crisis.

US president Donald Trump criticized oil companies for profiting from the war on Iran, specifically targeting ExxonMobil and Chevron. He argued they should return some profits to the public after Brent crude prices surged from $70 to $126 per barrel following US-Israeli strikes in February and April.

Donald Trump criticized oil companies for profiting from the global energy market disruption caused by his war on Iran. He specifically targeted ExxonMobil and Chevron, urging them to return some profits to the public. Brent crude prices rose from $70 to $126 after US-Israeli strikes in February, and are now trading at about $85 a barrel.

Trump criticized Big Oil companies for high earnings during the Iran war, suggesting they should give some profits back. He specifically referenced ExxonMobil and Chevron's recent earnings reports.

Foreign oil companies and investors are entering Venezuela seven months after the US removed then-President Nicolás Maduro, as new regulations allow private firms to operate oil fields directly. However, skepticism remains due to past expropriations and long timelines for new projects.

ExxonMobil's CFO reported that AI identified four new drilling prospects in the Stabroek block in Guyana. The article notes no specific locations, resource estimates, or drilling activities have occurred yet.

OPEC+ agreed to increase oil production by 188,000 barrels per day in September, its sixth consecutive monthly rise, to address supply strains from global conflicts. The move is symbolic due to ongoing disruptions from conflicts in Iran and Ukraine, while ExxonMobil and Chevron warned that refining capacity constraints will keep fuel prices high.

ExxonMobil's fifth floating production vessel for Guyana has begun its journey to South America, aiming to significantly increase the country's oil production capacity at the Uaru project. The vessel is expected to contribute to Guyana's target of 250,000 barrels per day.

Chevron reported a record $12.1 billion quarterly profit, while ExxonMobil and Shell achieved their highest earnings since 2022 due to global oil supply disruptions from the Iran war. Companies are benefiting from high crude prices, record refining margins, and reduced competition from China's oil exports, with Chevron planning increased investments in Iraq despite Middle East instability.

ExxonMobil achieved its highest upstream production in over two decades during Q2 2026, driven by increased output in Guyana and the Permian Basin. However, downstream maintenance reduced overall profit.

ExxonMobil and Chevron reported record profits in Q2 2023 as U.S.-Iran conflicts disrupted oil shipments through the Strait of Hormuz, driving Brent crude prices above $100 per barrel. Lawmakers proposed a windfall tax on oil companies' profits from 2026 onward, with proceeds to be redistributed to consumers.

ExxonMobil and Chevron's combined profits increased by over 300% in three months, reaching more than $26 billion during the second quarter as the Iran war continued.

ExxonMobil's adjusted second-quarter earnings of $3.52 per share were 2 cents below analyst forecasts. Scheduled maintenance at refineries reduced fuel-making profits, contributing to the shortfall.

ExxonMobil and Chevron reported second-quarter profits that surged due to rising oil prices. The increase was linked to the Iran war.

Big Oil companies like Chevron and ExxonMobil are expected to report significant second-quarter profits driven by the war in Iran. Despite recent declines in oil prices and stock dips, their shares have risen nearly 40% over the past year. Analysts predict a half-trillion-dollar cash windfall for oil producers this year, though companies are hesitant to distribute profits to shareholders or invest in new projects.

SCOTUSblog and Johns Hopkins University are hosting The SCOTUSblog Summit: 2026 Term Preview on Sept. 16 at the Bloomberg Center in Washington, D.C. The event includes a live podcast recording, a keynote address, and a panel featuring executives from Boeing, TD Bank, and ExxonMobil. The program will also be available to watch on YouTube.

Minnesota faces a pivotal legal moment in its six-year lawsuit against major oil companies over climate deception, with the Trump administration intervening to block the state case. The federal government argues the lawsuit threatens national energy policy, while Minnesota and climate advocates claim it aims to hold oil companies accountable for misleading the public about climate impacts.

Mozambique aims to make a final investment decision by mid-2026 on a $30 billion onshore liquefied natural gas (LNG) project led by ExxonMobil in the Rovuma Basin. The Rovuma LNG development in Area 4 is planned to produce 18 million tonnes of LNG annually, with first gas exports expected around 2030.

A federal district court judge dismissed legal claims by Sable Offshore Corp. and ExxonMobil challenging a county's denial of permits, ruling it was not an illegal taking of their property.

President Donald Trump and Iraqi Prime Minister Ali al-Zaidi are advancing US-Iraq commercial ties through a $60 billion agreement announced at a US Chamber of Commerce summit. The focus includes energy, infrastructure, and economic partnerships, with participation from major US companies like ExxonMobil and Shell.

A US court case involving an Israeli private investigator could reveal who hired hackers to target climate activists linked to ExxonMobil. The activists are seeking answers after 2015 reports exposed Exxon's knowledge of climate impacts and its funding of denial campaigns.

A US court case against an Israeli private investigator may reveal who hired hackers to target ExxonMobil's climate critics, as climate activists await the outcome. Exxon denied involvement, and the case follows 2015 reports showing Exxon's early awareness of climate impacts despite funding denial campaigns.

A $6.7 billion discrepancy between Guyana's central bank and ExxonMobil's figures has raised doubts about the accuracy of Guyana's oil revenue accounting. The gap highlights concerns over how the country is tracking its oil money.

ExxonMobil invested $935,000 in training and scholarships for Trinidadians during its first year of exploring Block TTUD-1 as part of its deepwater oil exploration efforts.

A federal judge tentatively dismissed Sable Offshore and ExxonMobil’s claims that Santa Barbara County violated constitutional protections by denying permit transfers for onshore oil and gas facilities. The companies argued the transfer should have been automatic under county code, but the county denied it, citing compliance concerns.

The article commemorates Chief Justice John Marshall's death in 1835 and highlights upcoming Supreme Court cases on gun regulations, LGBT rights, voting restrictions, and tech-related issues. It also notes a bipartisan coalition challenging tech age verification laws and conservative efforts to expand trans athlete bans following a recent Supreme Court ruling.

Hess and CNOOC, holding 30% and 25% stakes respectively in Guyana's oil consortium, reported no head-office capital contributions for 2024 and 2025. ExxonMobil, the 45% operator, contributed GY$46.4bn ($222m) in 2025 and GY$105bn ($502m) in 2024.

ExxonMobil and QatarEnergy plan to start natural gas production by 2033 from two undersea deposits in Cyprus' exclusive economic zone, with gas likely transported via pipeline to Egypt for liquefaction. The deposits, Glaucus and Pegasus, hold an estimated 7 trillion cubic feet of gas, and the companies aim to expand exploration in the region.

The U.S. Supreme Court ruled on June 23, 2026, allowing ExxonMobil to sue Cuban state firms over $1bn in assets seized after Fidel Castro took power in the 1960s. The decision grants the oil company the right to seek compensation for seized property.

The U.S. Supreme Court ruled 6-3 that ExxonMobil can sue Cuban state-owned companies in U.S. courts over property seized after Fidel Castro took power. The decision relates to the Helms-Burton Act, which allows lawsuits against foreign entities using confiscated property. This follows a similar ruling last month reviving claims against cruise lines operating in Cuba.