Tag: ExxonMobil

ExxonMobil approves Greenhouse gas reduction measures
Energy

ExxonMobil approves Greenhouse gas reduction measures

ExxonMobil said greenhouse gas reduction measures are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and a 25 percent reduction in flaring. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing […]

Exxon targets $31 billion revenue by 2025
Energy

Exxon targets $31 billion revenue by 2025

ExxonMobil, the world second largest oil company said it is now targeting $31 billion revenue by the year 2025. The plan was contained in an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. “We’ve got the best portfolio of […]

Exxon discovers more oil offshore Guyana
Global

Exxon discovers more oil offshore Guyana

Exxon Mobil Corporation has just announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent […]

Energy

Brazil’s Petrobras enters JV with Exxon

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of […]

Flossbach Von Storch increases stake in ExxonMobil
Global

Flossbach Von Storch increases stake in ExxonMobil

Flossbach Von Storch AG has increased its stake in Exxon Mobil Corporation by 32.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,940 shares of the oil and gas company’s stock after purchasing an additional 52,000 shares […]