Exxon Mobil Profit Tops Q3 Expectations
Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.
Exxon Mobil Profit Rises on Pioneer Acquisition
Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.
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August 1, 2024Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant
A bankruptcy judge on July 24 approved a settlement that will allow other companies to finish work on an Exxon gas export project in Texas.
FTC Delays Chevron-Hess Decision to After Exxon Arbitration
The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.
Proxy Firm: Hess Investors Should Abstain on Chevron Vote
Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.
Exxon to Close Pioneer Deal
The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.
Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates
Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
Exxon Confident Its Intent With Guyana Contract Will Prevail
Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.
Exxon Move May Delay Chevron-Hess Merger
Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.