Exxon Stock News

Exxon Mobil Corp. flagged it would join key rivals in exiting Russia as pressure grows on global energy giants to respond decisively to the invasion of Ukraine.

Earlier post on this is here: ExxonMobil to halt operations at Sakhalin-1 and make no new investments in Russia Via the Wall Street Journal (gated) in brief: Exxon is preparing to shut down production from the massive Sakhalin Island development in Russia’s Far East. is taking steps to e

The post ExxonMobil Exiting Russia’s Sakhalin-1, Discontinuing New Spending as Ukraine War Rages appeared first on Natural Gas Intelligence

ExxonMobil on Tuesday announced it would discontinue operations of a key oil and gas project in Russia, as well as halt any further investments in the country, in response to the country''s invasion of Ukraine.In a press release, ExxonMobil…

Exxon Mobil Corp. flagged it would join key rivals in exiting Russia as pressure grows on global energy giants to respond decisively to the invasion of Ukraine.

US oil giant ExxonMobil announced Tuesday it will begin a phased withdrawal from the major oil field it operates in Russia on behalf of a consortium including Russian, Indian and Japanese companies,…

Exxon Mobil (XOM) says it is beginning the process to discontinue operations at the Sakhalin-1 LNG venture in Russia and devising steps to exit the project, and will not invest in…

Exxon Mobil says it will shut down its Russian oil production after Vladimir Putin’s unprovoked attack on Ukraine.

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Exxon Mobil Corp. is under renewed pressure to follow other integrated oil giants and end its participation in massive oil and gas projects in Russia amid…

Exxon Mobil, which has been developing its Russian oil and gas fields since 1995, has come under pressure to cut its ties with Russia over the country’s invasion of Ukraine.

HOUSTON, (Reuters) - Exxon Mobil XOM.N has begun removing U.S. employees working in Russia, according to a person familiar with the matter. The

NEW YORK , March 1, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for OXY, C, XOM, FCX, and CVX. … Full story available on Benzinga.com

March 1, 2022 (Investorideas.com Newswire) ExxonMobil has consistently failed to reach carbon dioxide (CO2) capture capacity in its long-running Shute Creek carbon capture utilization & storage (CCUS) project and has vented captured CO2 back into the atmosphere

With Brent rallying more than $20 a barrel since the start of the year, the decision of Seplat Energy to splash $1.6bn on Mobil Producing Nigeria’s assets may signal an era where Nigeria’s economy will ride on the gains of the energy sector to develop other industries and grow local capacity. Analysts say the transaction is a major example of how indigenous oil companies can position themselves for growth, and to play a bigger role in 90 percent of Nigeria’s exports and provide the bulk of foreign exchange for the economy. “Local companies’ dominance in the market share of Nigeria’s upstream sector boasts of a very long chain of embedded services that umbilically derive economic life from its continued existence,” Ademola Henry, former team leader at the Facility for Oil Sector Transformation (FOSTER) said. He noted that in this list are construction engineers, health and safety organisations, training and consulting firms, lawyers and a host of other dependent industries. “The local content policy amplified this dependency and created far-reaching skill development as well as job opportunities for the Nigerian people,” Henry said.