ExxonMobil

Business, Technology, Fuel

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

Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans Exxon Mobil Corp. signage is displayed at a gas station in Richmond, Ky. (Luke Sharrett/Bloomberg)

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

Exxon Taps Strategic Oil Reserve After Ida Shuts Gulf Output

refinery in Cocodrie, La. A refinery surrounded by water after Hurricane Ida near Cocodrie, La. (Mark Felix/Bloomberg)

ExxonMobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production offline.

Sheela Tobben | Bloomberg News
September 3, 2021
Business, Fuel

Exxon Posts $4.7 Billion in Q2 Profit as Fuel Demand Rebounds

Exxon station Andrew Harrer/Bloomberg

NEW YORK — ExxonMobil swung back to a profit and topped expectations on profit and revenue during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.

Cathy Bussewitz | Associated Press
July 30, 2021
Business, Fuel

Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year

Exxon station Richard Drew/Associated Press

NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.

Cathy Bussewitz | Associated Press
April 30, 2021
Business, Fuel

Exxon CEO Eyes Money-Making Potential of Low-Carbon World

Exxon CEO Darren Woods at the World Gas Conference in Washington, D.C., in 2018. (Bloomberg News) Exxon CEO Darren Woods at the World Gas Conference in Washington, D.C., in 2018. (Bloomberg News)

ExxonMobil Corp. sees multiple money-making opportunities in a low-emissions world and is targeting partnerships with venture funds to help finance growth in its carbon capture business, CEO Darren Woods said.

Kevin Crowley and Alix Steel | Bloomberg News
March 4, 2021
Business, Fuel

Exxon Defends Giant Dividend After First Annual Loss in Decades

Exxon logo Spencer Platt/Getty Images

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February 2, 2021
Business, Fuel

Exxon Announces New Emissions Targets After Investor Criticism

Exxon logo Andrew Harrer/Bloomberg

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

Kevin Crowley | Bloomberg News
December 14, 2020
Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. (Luke Sharrett/Bloomberg News)

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

Kevin Crowley | Bloomberg News
October 7, 2020
Business, Technology, Fuel

ExxonMobil to Distribute Renewable Diesel

Exxon sign Luke Sharrett/Bloomberg News

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.

August 14, 2020
Business, Fuel

Exxon Says 20% of Oil, Gas Reserves Threatened by Low Prices

Exxon station Andrew Harrer/Bloomberg

ExxonMobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.

August 5, 2020

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