Darren Woods

Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two decades, according to securities filings. The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according…

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.For many corporations, the agenda is simple: They're ready to get back to business. A CEO summit on the sidelines of the Asia-Pacific Economic Cooperation meeting will coincide with the most challenging trade climate in a generation.…

Well, well, well—look who’s decided electric cars aren’t such a bad idea after all. Oil giant ExxonMobil is investing in the future by buying drilling rights for lithium in Arkansas, the Wall Street Journal reported Sunday.What Is Carbon Capture? With Gizmodo’s Molly Taft | TechmodoThere’s a lot of profit to be made in finding and mining new lithium reserves right now. As the world pivots away from Exxon’s main product, experts project that demand for lithium could soar up to 40 times by 2040, thanks to the large-scale…

The oil company’s top management will inhabit a less-lavish executive suite at its glass-dominated campus near Houston. The oil company’s top management will inhabit a less-lavish executive suite at its glass-dominated campus near Houston. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials…

Exxon Mobil Corp. and Chevron Corp. collectively posted $18 billion in first-quarter profits, showing resilience even as oil and natural-gas prices declined. The Western world’s largest oil companies rocketed to record earnings last year as energy prices soared following Russia’s invasion of Ukraine. This year, investors fear an economic slowdown could suppress energy prices, while rising supply-chain costs have steadied at high levels. This suggests Exxon and Chevron’s cash gusher peaked last year,…

Exxon Mobil Corp. Chief Executive Darren Woods’s compensation rose 52% to $35.9 million last year, as the oil-and-gas company brought in record profit.  Most of Mr. Woods’s compensation came from stock awards of $24.9 million, according to a company filing Thursday made to the U.S. Securities and Exchange Commission. That is up more than $11 million from the year prior.  Exxon Mobil Corp. Chief Executive Darren Woods’s compensation rose 52% to $35.9 million last year, as the…

Exxon Mobil Corp. XOM -0.20% is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home.Exxon told the Energy Department this week that the oil industry should not slow fuel shipments in favor of putting more in storage tanks, according to a letter reviewed by The Wall Street Journal. Easing exports wouldn’t fill tanks in the…

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