President Trump paused planned military strikes against Iran, causing crude oil prices to fall amid hopes for diplomatic talks. Trump criticized major U.S. oil companies ExxonMobil and Chevron for their record profits during the conflict, urging them to lower consumer prices. ExxonMobil reported $14.5 billion and Chevron $12 billion in quarterly earnings, boosted by high oil prices over $100 a barrel. The easing of U.S.-Iran tensions and Trump's comments signal potential relief for fuel prices ahead.
Exxon Mobil is close to returning to Venezuela's oil sector nearly two decades after its assets were nationalized by Hugo Chavez. The company is negotiating investments in oil fields in the Orinoco Belt, which have large geological oil estimates but ...
ExxonMobil has increased its stake and taken operatorship in Papua New Guinea's natural gas sector, positioning itself to benefit from premium gas prices in Asia. Alongside progress in Guyana with a new FPSO nearing first oil, ExxonMobil's strategy i...
