Government, Business, Technology, Fuel

Exxon Presses Case for Hydrogen Tax Credit

Exxon Mobil pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the IRA after signing an accord to sell the fuel to Japan’s biggest power provider.

Kevin Crowley | Bloomberg News
March 25, 2024
Business, Fuel

Exxon Open to Dialogue With Chevron Over Guyana, CEO Says

Exxon Mobil is open to talking to Chevron about its proposed takeover of Hess as the oil giants spar over the deal’s implications for a massive offshore oil project in Guyana.

Kevin Crowley | Bloomberg News
March 18, 2024
Business, Technology, Fuel

Chevron Buys Land for Possible New Facility Outside Houston

Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.

Kevin Crowley | Bloomberg News
September 5, 2023
Business, Fuel

Exxon Profit Misses Estimates as Natural Gas, Refining Slip

Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.

Kevin Crowley | Bloomberg News
July 28, 2023
Business, Technology, Fuel

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

Kevin Crowley | Bloomberg News
February 25, 2022
Business, Fuel

Chevron Profit Falls Short of Forecasts Despite Oil’s Rally

Chevron Corp. posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices.

Kevin Crowley | Bloomberg News
January 28, 2022
Business, Technology, Fuel

Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans

An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.

Kevin Crowley | Bloomberg News
September 16, 2021
Government, Business, Fuel

Chevron CEO Warns of High Energy Prices, Supply Crunches

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.

Kevin Crowley | Bloomberg News
September 16, 2021
Business, Fuel

US Oil Majors Downgraded by S&P on Climate Risk, Earnings

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.

Kevin Crowley | Bloomberg News
February 12, 2021
Business, Fuel

Exxon Reveals Petroleum Product Emissions Data for First Time

Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.

Kevin Crowley | Bloomberg News
January 5, 2021