Exxon

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
Business

DHL Supply Chain, ExxonMobil Partner on New Texas Logistics Center

DHL Supply Chain cut the ribbon, along with ExxonMobil Global Services, on a 160,000-square-foot center in Baytown, Texas, that will serve as a regional distribution center for the maintenance, repair and operations for six refineries and chemical plants in the Lone Star state.

Transport Topics
November 6, 2017
Business, Fuel

Exxon Not Threatened by Electric Cars, Says Trucks Are ‘Where the Real Action Is’

Trucks sit in a parking lot outside a Mobil gas station in Morton, Ill. Daniel Acker/Bloomberg News

Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown.

Joe Carroll | Bloomberg News
November 2, 2017
Business, Equipment, Logistics, Fuel

Exxon to Introduce New Engine Oils on Website

ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.

Transport Topics
August 26, 2016