Business, Technology, Fuel

Exxon Profits Surge

Exxon A photo of an Exxon station from last year, before the recent gas price spike. (Matt Rourke/Associated Press, File)

NEW YORK — Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.

Cathy Bussewitz | Associated Press
April 29, 2022
Business, Technology, Fuel, Autonomous

Former Cruise CEO Dan Ammann Lands at Exxon

Former Cruise CEO Dan Ammann Lands at Exxon Ammann was dismissed in December after a disagreement with GM CEO Mary Barra over the timing of an initial public offering for Cruise. (David Paul Morris/Bloomberg News)

Dan Ammann, who led the Cruise self-driving unit of General Motors Co. until December with a mission to reduce traffic and eliminate emissions, has landed at oil giant Exxon Mobil Corp.

March 22, 2022
Business, Technology, Fuel

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon sign Mark Humphrey/Associated Press

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
Equipment, Fuel

5 tips to recruit and retain top technician diesel talent

The growing shortage of technicians serving the trucking industry is a critical problem for fleet maintenance managers. But you can keep your fleet on the road and retain great talent with these tips from George Arrants and the ASE Foundation. Download the tip sheet here.

December 1, 2021
Business, Fuel

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

Exxon Richard Drew/Associated Press

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

Vehicles refuel at an Exxon Mobil Corp. gas station in Houston on Oct. 28. (Callaghan O'Hare/Bloomberg News) Vehicles refuel at an Exxon Mobil Corp. gas station in Houston on Oct. 28. (Callaghan O'Hare/Bloomberg News)

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
Government, Business

Exxon Trial Probes How Oil Giant Accounts for Climate Change

ExxonMobil Richard Drew/Associated Press

NEW YORK — New York’s attorney general is accusing Exxon Mobil of lying to investors about how profitable the company will remain as governments impose stricter regulations to combat global warming.

Cathy Bussewitz | Associated Press
October 21, 2019
Business, Technology, Fuel

Exxon Partners With Microsoft to Boost Permian Oil Production

Exxon Mobil Brittany Sowacke/Bloomberg News

Exxon Mobil Corp. is partnering with Microsoft Corp. to crunch trillions of bits of data as the oil titan seeks to more than triple shale-oil production in the Permian Basin in less than a decade.

Kevin Crowley | Bloomberg News
February 22, 2019
Business, Fuel

Texas Shale Forces Big Oil Cost Revolution, Chevron CEO Says

Chevron Daniel Acker/Bloomberg News

The low break-even costs to pump in the Permian are forcing Chevron to be more efficient everywhere, Wirth said, from the deepwater platforms in the Gulf of Mexico to its liquefied natural gas plants.

Kevin Crowley | Bloomberg News
February 13, 2019
Business, Fuel

Exxon 3Q Profit Surges on Higher Energy Prices

Exxon Sign Mark Humphrey/Associated Press

DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.

David Koenig | Associated Press
November 2, 2018