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Fossil-fuel executives are following the money into green hydrogen. The queen of liquefied natural gas, an Italian energy executive and top officials from companies entwined in the fossil-fuel industry have made the switch to the nascent hydrogen business.  Fossil-fuel executives are following the money into green hydrogen. The queen of liquefied natural gas, an Italian energy executive and top officials from companies entwined in the fossil-fuel industry have made the switch to…

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.’s XOM -0.44% hunt for a blockbuster deal in U.S. shale could kick off a bonanza of deal-making in the oil patch as drillers look to put large war chests of cash to work.The oil giant has held preliminary talks with Pioneer Natural Resources Co. PXD 5.79% , a Texas fracker with a roughly $52 billion market capitalization, about a potential acquisition, The Wall Street Journal reported last week. Exxon,…

Exxon Mobil Corp. XOM -1.66% has held preliminary talks with Pioneer Natural Resources Co. PXD -1.06% about a possible acquisition of the U.S. fracking giant, as the oil major hunts for a blockbuster deal in the shale patch, according to people familiar with the matter.Discussions between the two companies about a potential deal have been informal, the people said. But after posting record profits in 2022, Exxon is…

Exxon has abandoned a multibillion-dollar wager on finding oil in the deep waters off Brazil after a series of disappointing wells left it with nothing to show for more than five years of work in a country it touted as a key source of growth, according to people familiar with the matter. After failing for the third time to find commercially viable amounts of crude there last year, the Texas oil giant has shifted geologists and engineers from working on the offshore acreage it began snapping up with partners for $4 billion…

In the midst of perpetrating what federal prosecutors say was a massive corporate hacking campaign, Israeli private detective Aviram Azari in 2017 received welcome news.A group of hackers in India wrote him to say they had successfully infiltrated the email and social-media accounts of a group of environmental activists campaigning against Exxon Mobil Corp. XOM 1.09% “On a happy note I would like to report some success below: Project Name Rainbow,” the hackers wrote in…

ConocoPhillips COP -1.03% Chief Executive Ryan Lance was only a budding oilman when he first set foot in Alaska. Nearly four decades later, his company reigns supreme over the U.S. Arctic. At a time when investors profess gloomy views of long-term demand for oil and demand quick returns from companies, Mr. Lance’s contrarian strategy sets him apart. The CEO says that a dearth of investments in oil and gas means that the world will need new…

Federal authorities sued Exxon XOM 0.89% Mobil Corp. over five nooses they said were found at the oil company’s refinery in Baton Rouge, La., which they said had created a hostile work environment and subjected employees to racial discrimination.The Equal Employment Opportunity Commission said in the lawsuit filed last week that between April 2016 and December 2020, employees and contractors reported finding the nooses throughout the refinery. The EEOC said Exxon had…

The dueling—and sometimes conflicting—imperatives are expected to be core topics in Houston starting Monday when oil executives, climate hawks and government officials gather at the industry’s premier annual energy summit. For an industry accustomed to extreme cycles of boom and bust, the current environment is less binary and more complex than usual. Even as the biggest companies post record profits, huge questions linger.…

BHP Group Ltd. , the world’s biggest miner by market value, is close to completing its biggest acquisition since 2011 with copper-and-gold miner OZ Minerals Ltd. recommending its shareholders vote in favor of the more-than $6 billion bid. Two months ago, Rio Tinto RIO 0.06% PLC bought out minority shareholders in Canada-listed Turquoise Hill Resources in a $3.1 billion deal to get more exposure to a giant…