A Pennsylvania jury ordered ExxonMobil to pay $725.5 million to a former mechanic who claimed toxic chemicals in the company’s gasoline and solvents caused his cancer, according to attorneys for the plaintiff.The 10-2 verdict came on Thursday, attorneys said, after a trial in a state court in Philadelphia, where former mechanic Paul Gill alleged he was exposed to benzene in ExxonMobil products while working at a gas station between 1975 and 1980.Following the trial that lasted just over a week, the jury fou ...

Core Insights - Exxon Mobil Corporation (XOM) and its consortium have achieved peak production of 252,000 barrels per day from the Liza Unity Floating Production Storage and Offloading (FPSO) vessel offshore Guyana, indicating significant advancements in the region's oil production capabilities [1] - The consortium plans to further enhance production with the upcoming One Guyana vessel and has set ambitious goals for future projects, including the sixth project, Whiptail, expected to commence output by the end of 2027 [3] Production Efficiency - The development of new wells in the deepwater Stabroek block is noted for its efficiency, with an average completion time of just 35 days, marking a record low for deepwater projects [2] - Guyana is on track to become the second-largest oil producer in Latin America, following Brazil, highlighting the rapid progress in its oil production sector [2] Future Projects - The consortium has engaged Mitsui Ocean Development & Engineering Co. (Modec) for the construction of the FPSO vessel for the Uaru project, while the Whiptail project is anticipated to contribute to a total output capacity of 1.3 million barrels per day [3] - ExxonMobil is set to explore two high-risk drilling opportunities, Redmouth and Trumpetfish, to test the potential of additional oil reserves [2]

Exxon is not just an energy company of the past.ExxonMobil (XOM -0.02%) released first-quarter results on April 26, and the report gave shareholders much to cheer about. For the period ending March 31, the company posted earnings of $8.2 billion, or $2.06 per share.Exxon earned $11.43 billion, or $2.79 per share, in Q1 of last year. Although the recent numbers equal a 26%-28% decrease, a more noteworthy metric is that Exxon generated a whopping $10.1 billion in free cash flow, beating analysts' expectations ...

Exxon Mobil Corporation’s (XOM) trading staff rallied outside its Brussels office last week, protesting against the relocation of the trading floor to London, per a Bloomberg report.Approximately 50 employees voiced their concerns over hundreds of job reductions that have occurred over the past three years. Among them, about a fifth are trading floor personnel who face potential job losses if they decline relocation, according to union representatives. The protest highlighted the stakes for approximately 37 ...

ExxonMobil Corporation (XOM) is finally moving ahead with its Rovuma liquefied natural gas (LNG) project in Mozambique. The company seems optimistic about the project and expects to seek a final investment decision at the end of 2025. The Rovuma LNG project is being developed by ExxonMobil, along with Eni SpA (E) .While XOM will be responsible for the construction and operation of the onshore liquefaction and related facilities, Eni will focus on the Coral floating LNG and upstream operations. The Rovuma LN ...

Group 1 - The Federal Trade Commission (FTC) will approve Exxon's approximately $60 billion acquisition of Pioneer Natural Resources after reaching a consent agreement [1] - The consent agreement will prevent Pioneer's former CEO Scott Sheffield from joining Exxon's board due to concerns about his previous discussions with OPEC [1] - Exxon announced the acquisition deal for Pioneer in October, valued at $59.5 billion, which is expected to more than double its production in the Permian Basin [1] Group 2 - Exxon chairman and CEO Darren Woods emphasized that the merger will create long-term value exceeding what each company could achieve independently, highlighting Pioneer's leadership in the Permian and its unique asset base [2] - Shares of both Exxon and Pioneer remained relatively unchanged in extended trading following the news [2]

Exxon Mobil Corporation (XOM) is negotiating a significant liquefied natural gas (LNG) deal with Turkey, signaling a strategic move by Turkey to diversify its energy sources and reduce its dependency on Russian energy.The deal, potentially lasting a decade, would involve Turkey purchasing up to 2.5 million tons of LNG annually from ExxonMobil, marking a significant shift in its energy procurement strategy.This negotiation is part of Turkey’s broader initiative to build a new supply portfolio to decrease its ...

2024 1 st Quarter Earnings Growing shareholder value 04.26.24 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as biofuels, hydrogen, direct air capture, and other plans to reduce emissions of ExxonMobil, its affiliates, or companies it is seeking to ac ...

Exxon is a financial fortress.ExxonMobil (XOM 1.42%) and Chevron (CVX 0.27%) have a growing rivalry. While they will work together on notable large projects, they're still competitors who look out for their shareholders' interests. They're currently engaged in a court battle over Chevron's proposed acquisition of Hess, one of Exxon's partners in Guyana. They also routinely benchmark their metrics against each other and rival integrated energy companies.While Chevron has edged its bigger rival in some areas, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 1-2256 Exxon Mobil Corporation (Exact name of registrant as specified in its charter) New Jersey 13-5409005 (State or other ...