Exxon Stock News

Exxon Mobil said it is boosting its spending on greenhouse gas emission-reduction projects to $15 billion over the next six years and anticipates meeting its 2025 greenhouse gas emission-reduction plans by the end of this year.

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ExxonMobil says it is boosting its spending on greenhouse gas emission-reduction projects to $15 billion over the next six years and anticipates meeting its 2025 greenhouse gas emission-reduction plans by the end of this year

blooom inc. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,855 shares of the oil and gas companys stock after selling 282 shares during the quarter. Exxon Mobil makes up approximately 0.7% of blooom inc.s portfolio, making the stock its 18th biggest []

Exxon Says On Track To Meet Its 2025 Emissions Goals 4 Years Early, Has Repaid $11 Billion In Debt In a day and age where ESG greenwashing moves stocks more than actual free cash flow, it shouldn''t come as a surprise that an update about its emissions output goals and corporate plan heading toward 2027 has Exxon shares moving higher in Wednesday''s pre-market session. A couple hours before the cash open on Wednesday, a flurry of headlines about Exxon''s emission reduction plans hit the wire as part of the company''s 2021 Corporate Plan update: *EXXON TO EXCEED 2025 GREENHOUSE GAS EMISSION-REDUCTION PLANS *EXXONMOBIL SAYS TO CUT GREENHOUSE GAS EMISSIONS BY ABOUT 20% *EXXONMOBIL SAYS COMPANY REPAID $11B IN DEBT TO DATE IN 2021 *EXXON TO BOOST SPENDING TO $15B ON EMISSION-CUTTING PROJECTS *EXXONMOBIL ANNOUNCES CORPORATE PLANS TO 2027 In Exxon''s full plan, which can be found on its website here , the company said it "plans to increase spending to $15 billion on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments." Bloomberg also noted that Exxon confirmed "it was on track to meet its 2025 greenhouse gas emission-reduction plans by year-end 2021, four years ahead of schedule." Turning to financials, the oil supermajor said it plans on maintaining capital investments between $20 to $25 billion, per year, through 2027.

(RTTNews) - ExxonMobil (XOM) on Wednesday said in its corporate plans to 2027 that the company increased its spending on greenhouse gas emission-reduction projects to $15 billion for over the next six years. ExxonMobil also aims to maintain capital spending in the range of $20 billion-$25 billion per year through 2027 with flexibility to

Exxon Mobil Corp. said Wednesday that it has finalized its corporate plans to 2027, including increased spending on greenhouse gas emission-reduction projects to $15 billion over the next six years. The company said it also plans to maintain "disciplined capital investments," keeping that in the range of $20 billion to $25 billion per year through 2027. "The support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower-emission products, and further portfolio high-grading, positioning the company to double earnings and cash flow by 2027 versus 2019," the oil giant stated. The stock rose 2.1% in premarket trading, and crude oil futures bounced 4.7% off Tuesday''s 3-month closing low. Exxon Mobil''s stock has rallied 45.2% year to date through Tuesday, while the SPDR Energy Select Sector ETF has run up 44.0% and the S&P 500 has advanced 21.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.

Local hockey graced the Cliff Anderson Sports Hall (CASH) on Monday night for the first time in almost two years. A partnership between the Guyana Hockey Board (GHB) and ExxonMobil saw the birth of the ExxonMobil Indoor Hockey Championships, catering to first and second division teams. Thus far, GHB President Philip Fernandes is quite pleased [] The post Fernandes ecstatic at hockey restart appeared first on Guyana Times .

claims Guyanas forest will offset environmental impacts Kaieteur News The Non-Technical Summary (NTS) for ExxonMobils fourth project, the Yellowtail development, has revealed that greenhouse gases are set to increase by as much as 30 percent, throughout the production stage. According to the document, Average emissions during production (is) estimated (to) range (between) 1,110 to []

Seplat Energy Plc, Nigerian independent oil and gas company, alongside other partner is in competitive discussions to acquire ExxonMobils Nigerian shallow water business. The Energy Company listed on both the London and Nigerian Stock Exchanges disclosed this in a statement issued on the Nigerian Exchange Limited (NGX). It would be recalled that in October, ExxonMobils []

Shell, Eni, ExxonMobil, Chevron may take FIDs on $100b projects Stakeholders seek leeway, an extension of local content to manufacturing, construction, others Bayelsa Govt decries degradation, treatment by FG, oil The post Nigeria targets 70% retention of $20.4bn spent on oil, gas projects appeared first on Nigeria''s Top News Site .

Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by ExxonMobil and its partners, Hess and CNOOC, in the offshore Stabroek Block, since 2015, recently saw the energy supermajor upgrade its resources estimate for the block from 9 billion to 10 billion barrels of oil equivalent. The energy supermajors success in offshore Guyana sees it forecasting that it will be pumping over 800,000 barrels of light (32° API gravity) sweet (0.58% sulfur content) crude oil per day by 2026. There are signs that Guyanas oil boom is gaining greater momentum with other international energy companies expressing interest in developing operations in the country. This comes at a time when considerable headwinds regarding the outlook for crude oil exist, including the demand threats posed by the COVID-19 pandemic, the looming arrival of peak oil demand and growing climate change pressures. Despite the risks, Guyana is an attractive jurisdiction for energy companies to operate in because of high-quality crude oil, low breakeven prices and a favorable regulatory environment.

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