ExxonMobil aims to double its production in the Permian Basin, targeting approximately 2.3 million oil-equivalent barrels per day (Moebd) by 2030. This milestone would represent a significant leap in the company’s upstream output, emphasizing the Permian’s critical role as a growth engine. With this goal, ExxonMobil is poised to solidify its leadership in one of the world’s most prolific oil and gas regions.

Exxon plans to cut approximately 20% of Pioneer’s workforce, impacting nearly 400 positions over the next two years.

Exxon Mobil Corp. is facing renewed criticism from environment-focused investors for not meeting its climate-related commitments. This annual contention has gained more intensity ahead of the company’s shareholder meeting on May 29, especially after Exxon sued climate-focused groups Arjuna Capital LLC and the nonprofit.

Exxon recorded earnings of $8.2 billion, a decrease from $11.4 billion in the first quarter of 2023. This was largely due to lower industry refining margins and natural gas prices.

Exxon ecently took delivery of 10 brand-new all-electric pickup trucks for use in our Permian Basin oil and natural gas operations.