ExxonMobil

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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.

The Supreme Court ruled that ExxonMobil can sue Cuban state-owned companies in American courts over property seized in Cuba after Fidel Castro took power. The lawsuit pertains to property on the island nation that was taken following Castro's government.

The Supreme Court ruled that ExxonMobil can sue Cuban state-owned companies in U.S. courts over property seized after Fidel Castro's government took power. The 6-3 decision relates to the Helms-Burton Act, which allows lawsuits against entities benefiting from confiscated Cuban assets, and could pressure Cuba amid existing U.S. sanctions. ExxonMobil seeks compensation for assets owned by its predecessor, Standard Oil, including service stations and an oil refinery.

The Supreme Court ruled that ExxonMobil can sue Cuban state-owned companies in U.S. courts over property seized by Fidel Castro’s government. The 6-3 decision centers on the Helms-Burton Act, which allows lawsuits against entities benefiting from confiscated Cuban property. The Trump administration lifted a suspension on this provision in 2019, enabling ExxonMobil to pursue claims for assets seized from its predecessor, Standard Oil.

The 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 entities benefiting from confiscated Cuban assets. The ruling could strengthen the Trump administration's pressure on Cuba, which faces a U.S. oil embargo.

An explosion at Qatar's Barzan gas supply facility in Ras Laffan killed 13 people and injured 66 others as workers attempted to resume operations after Iran's prior attack. The incident occurred amid efforts to restart exports following Iran's reduced control over the Strait of Hormuz, with Qatar's energy minister stating the blast was accidental, not sabotage.

An explosion at Qatar's Ras Laffan gas export terminal killed 13 workers and injured 66 others as operations resumed after Iranian attacks disrupted production. The blast, described as accidental by Qatari officials, occurred at the Barzan gas facility, a key site for natural gas used in regional energy and desalination projects.

An explosion at Qatar's Ras Laffan industrial area killed 13 people and injured dozens as workers resumed operations at the Barzan gas supply facility. The incident occurred after Iran bombed the terminal during the war, disrupting global energy markets and complicating Qatar's efforts to restart gas exports.

An explosion at Qatar's Ras Laffan industrial area killed 13 people and injured dozens as workers resumed operations at the Barzan gas supply facility after Iran's earlier bombing during the war. The incident could disrupt global energy markets, as Qatar is a major natural gas producer.

An explosion at Qatar's Ras Laffan industrial area injured 54 people and left 18 missing as workers attempted to restart operations at the Barzan gas supply facility following Iranian attacks. The incident could disrupt global energy markets, as Qatar is a major natural gas producer.

ExxonMobil plans up to 35 exploration and appraisal wells in Guyana's Stabroek block between 2028 and 2033. Guyana's environmental regulator initiated a 28-day public consultation on June 14 as the first step toward an environmental impact study.

Tanzania aims to sign a $42 billion LNG project host agreement by mid-2026, led by Equinor, Shell, ExxonMobil, and TPDC. The deal involves the development of Tanzania's liquefied natural gas resources.

A California appeals court upheld a preliminary injunction against Sable Offshore Corp. prohibiting repairs to its Las Flores pipeline, even though repairs were completed. The injunction remains in place despite the pipeline resuming operations after Trump administration intervention, with Sable still facing civil penalties.

ExxonMobil’s gas project is projected to boost Mozambique’s economy by over 4% annually once production begins in four years, with Standard Bank estimating $150 billion in tax revenue over 30 years. The project, alongside TotalEnergies’ $20 billion initiative, aims to position Mozambique as a liquefied natural gas supplier amid global supply disruptions. However, progress depends on stability in northern Mozambique, where an armed insurgency has caused delays.

Ohio officials have leased public lands, including parks and wildlife areas, to oil and gas companies despite scientific evidence of climate change impacts. The Oil and Gas Land Management Commission (OGLMC), composed primarily of lawyers without science or health expertise, approved fracking on over 8,000 acres without public input. The decision ignores environmental risks like water use, pollution, and habitat disruption.

Global oil prices remain relatively stable despite a major supply disruption, as factors like bypassing the Strait of Hormuz, reduced Chinese stockpiling, and strategic reserve use temper the market. Analysts warn that buffers may deplete by July, potentially pushing prices toward $150 per barrel if ceasefire talks fail.

Over 70 House Republicans, led by Steve Scalise, urge the Supreme Court to side with ExxonMobil and Suncor Energy in a Colorado climate lawsuit, arguing it would harm energy producers and drive up costs. They claim Boulder County's case is a 'dangerous overreach' that could force fossil fuel companies to pay billions in damages and disrupt national energy policy.

Over 70 House Republicans led by Steve Scalise urge the Supreme Court to reject a Colorado county's lawsuit seeking financial liability from oil companies for climate change damages. The lawmakers argue that allowing such state-level lawsuits would undermine federal energy policy and harm the U.S. energy industry. The case, Suncor v. Boulder, will be heard by SCOTUS in 2024, with a ruling expected in 2027.

ExxonMobil's investors overwhelmingly approved the company's plan to relocate its corporate domicile from New Jersey to Texas. The move reflects a strategic decision to shift operations to a state with more business-friendly policies.

ExxonMobil is seeking shareholder approval to reincorporate in Texas to counter investor activism. The vote on Wednesday will determine whether the oil major's move to shield itself from activist investors proceeds.

ExxonMobil is investing billions in carbon capture technology to become the world's largest in this field, but faces opposition from local communities in the US Gulf Coast region.

The oil and gas industry is experiencing a surge in dealmaking with $20 billion of assets in play, indicating a significant increase in market activity. This uptick in dealmaking suggests a positive outlook for the industry. The high value of assets involved underscores the substantial investment and interest in the sector.

Exxon and Chevron both exceeded earnings estimates in the latest quarter, driven by a surge in oil prices. The strong performance highlights the positive impact of rising energy costs on major oil companies.

ExxonMobil reported higher-than-expected profits despite the turmoil caused by the Iran War. The company's performance surprised financial analysts.

A British advertising conglomerate, WPP, is accused of breaching its climate policy by enabling US oil giants like ExxonMobil, Chevron, Shell, and BP to spend $1.5bn on climate-misleading ads since 2015. Analysis by DeSmog reveals WPP outspent its US rivals Omnicom and Interpublic Group in oil industry advertising.

Texas is becoming the leading destination for companies relocating from blue states due to its thriving economy, pro-business policies, and legal reforms. Over 2021-2024, Texas saw a 10.1% per-capita economic output increase, with 26 new projects in March alone expected to generate $20.5 billion in investment and 1,241 jobs. Companies like SpaceX, Tesla, and ExxonMobil have redomiciled to Texas, seeking unified legal jurisdiction and regulatory certainty.

Tech companies like Google, ExxonMobil, Chevron, and Meta are advancing carbon capture projects to meet climate goals amid AI's energy demands. The technology, long too expensive, may now gain traction due to partnerships with energy firms and federal subsidies.

The article compares actual oil market conditions with market expectations, highlighting discrepancies between projected outcomes and real-world data. Key factors influencing oil prices and supply-demand dynamics are likely discussed.