Exxon Mobil Corp.
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Exxon Mobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. Exxon Mobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.
Transactions
Exxon Mobil Sells Montana Oil Refinery for $310 Million
Exxon Mobil Sells Montana Oil Refinery for $310 Million
Exxon Mobil, Shell Divest Large California Oil Producer Aera Energy
Exxon Mobil, Shell Divest Large California Oil Producer Aera Energy
Exxon Mobil to Sell Barnett Shale Assets for $750 Million
Exxon Mobil to Sell Barnett Shale Assets for $750 Million
Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash
Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash
Exxon Mobil to Sell Romanian Affiliate for over $1 Billion
Exxon Mobil to Sell Romanian Affiliate for over $1 Billion
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New Financings
Entered agreement for the issuance and sale of $2.75 billion notes due 2020, $1.25 billion notes due 2025…
Purchased 63 million shares of its common stock for the treasury during 1Q 2013. Shares were purchased to…
Subsidiary XTO Energy Inc. plans to buy back US$591 million in 6.1% senior notes due 2036, US$1.3 billion…
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News
Sheffield: There are More US Oil Plays E&Ps ‘Need to Go After’
They may not be another horizontal Wolfcamp or Bone Springs play with tens of billions of barrels, but there’s more onshore E&Ps should explore, former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy at the recent CERAWeek by S&P Global conference.
Chevron Buys 15.4MM Shares of Hess Stock on Open Market
Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.
Then and Now: 4D Seismic Surveys Cut Costs, Increase Production
4D seismic surveys allow operators to monitor changes in reservoirs over extended periods for more informed well placement decisions. Companies including SLB and MicroSeismic Inc. are already seeing the benefits of the tech.
Arc Resources to Supply Exxon with LNG Offtake from Cedar LNG
Exxon Mobil Asia Pacific Pte. Ltd. has agreed to buy 1.5 million tonnes per annum of ARC Resources’ LNG offtake from the Cedar LNG Project when the facility begins commercial operations.
Exclusive: Sheffield Says FTC Could Rescind His, John Hess’ Bans
Former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy that his ban by the Federal Trade Commission from serving on Exxon Mobil’s board "was pretty much illegal. It's a baseless and illegal order that was done.”
Expand Energy Picked to Join S&P 500
Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Trade War! Or Maybe Not
An energy industry that prefers stability gets hit with whiplash as it attempts to adjust to the Great Disruptor taking over the White House.
DOE Approves Non-FTA Permit Extension for Golden Pass LNG
Golden Pass LNG will become the ninth U.S. LNG export facility following the U.S. Department of Energy’s approval for an extension of its non-free trade agreement permit.
ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant
The merged entity, Borouge Group International, is set to be the fourth largest polyolefins firm by production capacity, behind China's Sinopec and CNPC, and U.S.-based Exxon Mobil, ADNOC Downstream CEO Khaled Salmeen told Reuters.
E&P Highlights: March 3, 2025
Here’s a roundup of the latest E&P headlines, from planned Kolibri wells in Oklahoma to a discovery in the Barents Sea.
Advanced Tech Not Delivering Results? Get Skillsets Up to Speed, EY Says
The EY Future of Energy Survey found that a skill gap runs across the oil and gas industry, making it difficult for advanced technologies to deliver on their promised results, an EY executive said.
Operators Look to the Haynesville on Forecasts for Another 30 Bcf/d in NatGas Demand
Futures are up, but extra Haynesville Bcfs are being kept in the ground for now, while operators wait to see the Henry Hub prices. A more than $3.50 strip is required, and as much as $5 is preferred.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.