ExxonMobil stated that the transaction will likely be closed in the March quarter of 2025. XOM's divestment involves conventional oil drilling assets in the Permian Basin.

ExxonMobil's stance highlights its balancing act between maintaining profitable oil and gas operations and ... an ideal proppant for hydraulic fracturing and various industrial applications.

Last year, the local subsidiary of United States-based ExxonMobil Corporation finished drilling two other infill carbonate wells that have since produced around 14,000 barrels of oil per day (bopd ...

FREDERIC J. BROWN / AFP via Getty Images ExxonMobil said lower oil prices and refining margins will lower third quarter profit as compared to the second quarter. The company predicted that the ...

Information sessions have been scheduled for what is intended as the seventh oil extraction project for ExxonMobil and its partners. A notice in yesterday’s Stabroek News said that ExxonMobil ...

GEORGETOWN, Guyana (AP) — Guyana’s President Irfaan Ali on Saturday denounced an incursion by an armed Venezuelan naval vessel in disputed waters that are home to a mammoth offshore oil ...

has signed a deal with Horizon Oil Limited, an Australian upstream firm, to divest some of its assets in Thailand. ExxonMobil shall divest its stakes in three development licenses onshore Thailand.

Oil and gas giant ExxonMobil has unveiled its Discovery 6 supercomputer, set to be installed in the first half of 2025. The system was developed through a partnership between HPE, Nvidia, and ...

GEORGETOWN, Guyana (CMC) — ExxonMobil Guyana says preparations are in place to shut down operations in the Stabroek Block to avert an oil spill should Venezuela ramp up its aggression against ...