Exxon Mobil Corp. expects U.S. antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers.
ExxonMobil could become the largest crude oil and natural gas liquids (NGL) producer in the United States with 1.3 million barrels per day (bpd), or nearly 7% of total U.S. production, ahead of the current leader in output, Chevron, per data from Evaluate Energy cited by the EIA.
Exxon Mobil will bring its Permian basin output up to 2 million barrels per day by 2027, while it also ramps up production in Guyana, Vice President of Global Exploration John Ardill said on Tuesday at a conference in Houston.
Exxon’s earnings in the latest quarter still beat estimates and Woods signalled optimism about the coming year. He raised Exxon’s spending target after boosting capital spending in the most recent quarter by 4 per cent from a year ago.
Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.
Exxon Mobil Chief Executive Darren Woods said on Thursday that he aims to double the amount of oil produced from the company’s U.S. shale holdings over a five-year period using new technologies.
Exxon Mobil subsidiary XTO Energy has agreed to sell oil and gas assets in the Freestone Trend area of East Texas to the Houston-based oil company Hilcorp Energy
Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer.
In a story that should surprise no one, the Wall Street Journal and others are reporting that the long-anticipated deal between U.S. energy giant ExxonMobilXOM -1.7% and Permian Basin titan Pioneer Natural ResourcesPXD +10.5% could finally be upon us.
ExxonMobil Corp. and Chevron Corp. are both on course to grow production from the Permian basin by 10% this year, more than double the rate of their smaller rivals.
