Exxon Mobil Corporation (XOM) , the largest oil producer in the United States, has secured approval from Nigeria to sell its onshore oil and gas assets to Seplat Energy Plc, a domestic energy company. This decision ends a more than two-year delay in the $1.28 billion deal, allowing it to move forward.The Nigerian Upstream Petroleum Regulatory Commission granted ministerial consent for the sale, according to its chief executive officer, Gbenga Komolafe, during a conference in Abuja on Oct. 21. Initially anno ...

When I last covered Exxon Mobil Corp. (NYSE: XOM ) on May 7th, 2024 with ' Exxon Mobil: Not Cheap, Still A Buying Opportunity ', the stock was in the process of rallying quite strongly (posting gains of over 29.2% in less Analyst's Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no bu ...

The energy sector and WTI crude oil prices spiked following the escalation in the Middle East after Iran launched a missile attack on Israel earlier this month. Initial fears of conflict disrupting global oil supplies, mainly through the vital Strait of Hormuz. This drove a rally across the energy market. However, with signs emerging that Israel will not retaliate by targeting Iranian oil fields, tensions have eased, and the sector has experienced a pullback.Over the past week, WTI crude prices fell from ne ...

Exxon Mobil Corporation (XOM) , the largest oil producer in the United States, is reportedly looking to sell some of its assets in North Dakota’s Bakken shale formation. According to a Reuters report, the company aims for a deal that could fetch at least $500 million.ExxonMobil is exploring market interest for a portion of its Bakken shale holdings, which include approximately 137 operated and 676 non-operated and royalty wells across 49,000 net acres in North Dakota. The planned sale could fetch more than ...

BAYTOWN, TEXAS - DECEMBER 14: Certified circular polymers produced from plastic waste is shown at ... [+] the advanced recycling facility at ExxonMobil Wednesday, Dec. 14, 2022, in Baytown. (Melissa Phillip/Houston Chronicle via Getty Images)Houston Chronicle via Getty ImagesCalifornia’s Attorney General Rob Bonta has sued ExxonMobil because unrecycled plastic waste has accumulated in California. The lawsuit claims ExxonMobil has misled the public for decades over the ability to recycle plastic waste, and t ...

Exxon Mobil Corporation (XOM) has secured the largest offshore carbon dioxide (CO2) storage lease in the United States with the Texas General Land Office, marking a significant step in carbon capture and storage (CCS). The site covers more than 271,000 acres in Texas state waters, solidifying ExxonMobil’s leadership in the CCS industry.XOM Expands CO2 Storage in the U.S. Gulf CoastThis new offshore site complements ExxonMobil’s existing onshore CO2 storage portfolio and boosts the U.S. Gulf Coast’s status a ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of XOM either through stock ownership, options, or other derivatives. I wrote this ...

ExxonMobil continues to outperform other integrated oil and gas majors.After hitting a 52-week low on Oct. 1, U.S. benchmark West Texas Intermediate (WTI) crude oil prices surged nearly $8 per barrel in two days as Middle East tensions threaten to take supply offline. Oil prices had been under pressure from a ramp-up in U.S. production, paired with potentially higher OPEC+ supply.ExxonMobil (XOM 0.86%), the most valuable U.S. energy stock by market cap, notched a fresh all-time high on Oct. 4. Here's why th ...

Dan Ammann, President, ExxonMobil Low Carbon Solutions business unit.ExxonMobilExxonMobil continued the advancement of its carbon capture and storage plans with a pair of major announcements this week.Dan Ammann, President of ExxonMobil’s Low Carbon Solutions business unit, used his account at LinkedIn Wednesday to release information related to an agreement with the New Generation Gas Gathering (NG3) project currently under construction in Louisiana to become the latest in a series of major CO2 emitters wh ...

Exane BNP Paribas has revised its rating for ExxonMobil (XOM, Financial) from "Neutral" to "Underperform".The financial institution has also adjusted its price target for ExxonMobil, reducing it from $115 to $105. ...