Key Takeaways XOM signed an MoU with Turkey's NOC to evaluate oil and gas in the untapped Black Sea & Mediterranean areas.Turkey expects its pairing with XOM to boost efficiency and raise the odds of new oil and gas finds.Following Sakarya output in 2023, Turkey hit 9.5M cm/day by 2025 & 75B cm of gas from the Goktepe-3 find.Exxon Mobil Corporation (XOM) , a leading integrated energy giant, has signed a Memorandum of Understanding (MoU) with Turkey’s national oil company (NOC) for exploration. Turkey's ener ...

Key Takeaways Phillips 66 benefits from weak oil prices as lower WTI levels support its downstream refining economics.PSX earns stable, fee-based cash flow from midstream assets contracted to shippers regardless of utilization.PSX is expanding midstream and chemicals to add cash flow and strengthen its business model.Phillips 66 (PSX) is an integrated downstream player that refines crude oil into final products. It also transports and stores crude oil, natural gas, NGL and refined products through its pipel ...