Exxon Mobil

Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California.The oil and gas giant said in a regulatory filing Thursday that it was expecting impairments of $2.4 billion to $2.6 billion in its upstream business.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Exxon Mobilis expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly…

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…

Exxon Mobilsaid Monday it is starting to drill for lithium in Arkansas and aims to become a major U.S. supplier for makers of electric-vehicle batteries by 2030.  The Texas-based oil company’s entrance into the lithium business, first reported by The Wall Street Journal in May, is an effort to reposition itself long-term for the advent of EVs and electrification in the transportation sector, which it dominated for decades as one of the world’s largest fuel makers. Lithium is a key ingredient in making batteries for EVs,…

The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. 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…

A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. 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 to their authors. If you are the…

Near the quiet town of Magnolia, companies including Exxon Mobil are working out how to extract lithium from brine water to help power electric vehicles. Near the quiet town of Magnolia, companies including Exxon Mobil are working out how to extract lithium from brine water to help power electric vehicles. 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…

Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon. 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.…

Waste sitting in pits could fill almost 883,000 Olympic-size swimming pools, and oil companies say they need to find a way to reduce it. Waste sitting in pits could fill almost 883,000 Olympic-size swimming pools, and oil companies say they need to find a way to reduce it. 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…

Lawmakers say an experiment with price controls has helped consumers, but natural-gas producers argue it is stifling investment. Lawmakers say an experiment with price controls has helped consumers, but natural-gas producers argue it is stifling investment. 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…

Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide. Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide. 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 to their…