Exxon Mobil Corp.
About
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
Scott Sheffield Bashes Exxon Mobil After FTC Clears Him
Former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy, “For now, I remain one of Exxon’s largest individual shareholders and as such will consider other options.”
Hess Wins Guyana Arbitration, Clearing Path for Chevron Deal
Hess prevailed in international arbitration against Exxon Mobil, clearing a path to close its $53 billion sale to Chevron. The international case focused on Hess’ ownership stake in Guyana’s Stabroek field.
FTC Nixes Orders Banning Hess, Sheffield from Chevron, Exxon Boards
The FTC voted 3-0 to set aside orders barring oil veterans John Hess and Scott Sheffield from serving on the Chevron and Exxon boards, respectively.
Coterra, Civitas Win Big in Record New Mexico State Lease Sale
Premium, undrilled inventory in the core of the Delaware Basin was gobbled up in New Mexico’s record-setting state lease sale. Coterra, Civitas and a resurgent Avant Natural Resources were among the winning bidders.
San Juan Rig Activity Booms as Gas Prices Rise, M&A Heats Up
Drilling activity in the San Juan Basin has surged to its highest level since 2015, fueled by a rise in natural gas prices. Analysts say deeper Mancos Shale wells with higher IPs could lift San Juan gas output by 500 MMcf/d by 2030, reshaping the legacy basin’s future.
FTC Denies Sheffield Standing, May Still Reopen Pioneer-XOM Case
The Federal Trade Commission stated the decision to deny Scott Sheffield’s petition to allow him to serve on Exxon Mobil’s board was due to a technicality. But it added that it still “plans to consider his arguments in support of reopening and vacating the final order.”
Super-Deep Midland Making Big Barrels—and Big Gas
The 4.6 Bcf/d of new Permian Basin gas takeaway may be followed by another 5.9-Bcf/d expansion, and “we believe all will be needed,” a KeyBanc Capital Markets analyst said of findings from deeper target Midland Basin wells.
CF Industries Starts Up CO2 Compression Facility in Louisiana
The facility enables the transport and permanent geologic sequestration of up to 2 million metric tons of CO2 annually, CF Industries said July 14.
E&P Highlights: July 14, 2025
Here’s a roundup of the latest E&P headlines, including a natural gas discovery in the Barents Sea and a new Woodside contract offshore Mexico.
Flywheel Energy Acquires Terra’s Colorado Piceance Gas Assets
Flywheel Energy has quietly taken control of Terra Energy Partners’ Piceance gas asset, one of the largest in the basin, in a confidential deal. The deal expands Flywheel’s private natural gas empire beyond Arkansas’ Fayetteville Shale.
GM Joins Exxon, Chevron in Smackover Lithium Hunt
General Motors startup EnergyX purchased 35,000 acres in the Smackover Formation, where Exxon Mobil and Chevron have received made acquisitions.
Hess Joins Exxon, Equinor in Exit from Suriname’s Offshore Block 59
Hess relinquished the block to state-owned Staatsolie, following the withdrawal and transfer of participation stakes by partners Exxon Mobil and Equinor in 2024 to Hess.
E&P Highlights: July 7, 2025
Here’s a roundup of the latest E&P headlines, including a natural gas discovery offshore by Exxon Mobil.
Report: Permian Resources is Delaware Basin’s Most Undervalued E&P
Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last when comparing market valuation to core, future well locations.
Oilfield Service Firms Keep Merging to Survive
Faced with shrinking customer bases, rising costs and a slowing market, publicly traded oilfield services firms like SLB, DNOW and DXP are leaning into M&A to gain scale, efficiency and tech advantage.