An Exxon Mobil Corporation (XOM) -led consortium recently announced that its Liza Unity Floating Production Storage and Offloading (FPSO) vessel has achieved peak production, pumping out an impressive 252,000 barrels per day (bbl/day) offshore Guyana, per a Reuters report.The consortium, comprising ExxonMobil, Hess Corporation (HES) and CNOOC, is gearing up for further advancements, with plans to inaugurate output next year using its newest vessel, One Guyana. According to the report, Alistair Routledge, Gu ...

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 ...

The Federal Trade Commission will wave through Exxon Mobil's roughly $60 billion acquisition of Pioneer Natural Resources after reaching an agreement with the energy giant, a source familiar with the matter told CNBC.The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, the source said. The agreement will bar Pioneer's former CEO Scott Sheffield from joining the Exxon board.The push to remove Sheffield was due to concerns about his prior discussions with OPEC, ac ...

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 ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view i ...