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 Mobil tops estimates, ends 2023 with a US$36-billion profit
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 aims to become a top lithium producer for electric vehicles with Arkansas drill operation
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 CEO says technology advances could double its shale output
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 to sell XTO’s Freestone Trend assets in East Texas
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
ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction
Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer.
ExxonMobil, Pioneer Merger Could Finally Become Reality
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.
Exxon, Chevron to grow Permian basin production by over 2x rate of rivals
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.
XTO transfer Haynesville 300 miles of pipeline assets to Faulconer Energy
XTO Energy subsidiary of Exxon Mobil since 2010, XTO Energy owns interests in about 40,000 producing oil and natural gas wells across the US is transferring/selling Haynesville 300 miles of pipeline assets to Faulconer Energy LLC.
Exxon looks to use advance technologies to double US shale output
By 2027, Exxon aims to produce up to one million barrels of oil equivalent per day in the Permian Basin.
