Category: Exxon Mobil Corp

Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.
Oil Stocks Rally as Investors Bet on Return to Venezuela

The energy sector of the S&P 500 rose 2.9 percent on Monday, lifting the broader market.
How Nicolás Maduro’s Capture Could Reshape the Global Order

The U.S. seizure of Venezuela’s president has governments, executives and investors bracing for wide-reaching business and geopolitical fallout.
Trump’s Goals for Reviving Venezuela’s Oil Industry Will Not Come Easily or Cheaply

It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains

After spending nearly $50 billion to expand the country’s Tengiz oil field, Chevron and its partners encounter more uncertainty.
After Climate Push, Energy Companies Return to Fossil Fuels in Europe

Recent oil and gas deals in Europe suggest that the growing demand for energy may be leading companies to adopt a more pragmatic approach.
Missing at U.N.’s Climate Meeting: American Executives

Many business leaders are skipping the annual United Nations climate summit in Belém, Brazil, or are attending events in other cities.
Exxon’s and Chevron’s Profits Fall as Oil Prices Stay Low

But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
Unexpected Critics of Trump’s Attacks on Wind Energy: Oil Executives

Business leaders and trade organizations have been especially worried by attempts to stop work on wind farms that had already secured federal approval.
Exxon Wants to Make More of the Materials Needed for E.V. Batteries

The oil giant said Tuesday that it was acquiring assets from a Chicago company as it looks to start producing graphite, a key battery ingredient, by the end of the decade.
America’s Clean Hydrogen Dreams Are Fading, Again

The market for the clean-burning fuel remains nascent, costs are rising, and Congress just put a lucrative tax credit out of reach for many companies.