Exxon Mobil Corporation (XOM) , a U.S. oil and gas giant, has decided to proceed with the Hammerhead discovery as its seventh project in Guyanese waters. Discovered in 2018, the Hammerhead field is part of the prolific Stabroek Block off the coast of Guyana. The field is known to have approximately 60 meters of high- quality sandstone reservoirs containing oil. ExxonMobil has filed an application with the government of Guyana for an environmental permit to proceed with a new investment that’s aimed at boost ...

JHVEPhoto Exxon Mobil (NYSE:XOM) and partners reported to the government of Guyana a very profitable fiscal year, as follows: New government data shows Guyana's agreement with the Exxon-led consortium (XOM) that includes Hess (HES) and Cnooc (OTCPK:CEOHF) generated $6.33B for the partners last year. The combined net margin for the three companies totaled 56%, greater than the 49% earned by chipmaker Nvidia in its most recent fiscal year. The story by Kemol King and Sabrina Valle on Reuters, which is the sou ...

ExxonMobil Corporation (XOM) , the U.S. energy major, has warned that it may be forced to halt production at its Gravenchon refinery in northern France if the current strike action continues, per a Reuters report. This news came amid workers blocking access to the site since last Friday, preventing the delivery of essential goods and materials required for the refinery's operations. The labor dispute began last month when a group of workers initiated a strike in response to ExxonMobil's announcement that it ...

ExxonMobil Corporation (XOM) , the U.S. energy major, has partnered with French industrial gas supplier Air Liquide, in a significant step toward reducing carbon emissions. This partnership aims to support the decarbonization of industrial operations along the U.S. Gulf Coast. Enhancing Low-Carbon Hydrogen Production Per the terms of the agreement, XOM will use Air Liquide's existing pipeline network to transport low-carbon hydrogen. This integration is critical for ExxonMobil's strategy to expand the low-c ...

文章核心观点 - ExxonMobil在圭亚那的Starbroek区块进行了Lau-Lau 2探井的评估活动 [1] - ExxonMobil此前在Lau-Lau 1探井发现了96米高质量的含烃砂岩储层 [2][3] - 该区块已有超过30个油气发现,总计估算储量超过17万亿立方英尺天然气 [5] - ExxonMobil预计该区域可支持最多10个开发项目 [5] 公司相关 - ExxonMobil在圭亚那的Starbroek区块进行了大量勘探活动,包括Haimara 3和4、Trumpetfish-1和Bluefin-1等多个探井 [5] - ExxonMobil此前在Lau-Lau 1和Fangtooth-1探井发现了315英尺和164英尺的油藏 [2] - Lau-Lau 1探井的烃柱高于ExxonMobil在圭亚那的首次重大油发现Liza-1 [3] - 根据Westwood Global Energy Group的估计,Lau-Lau 2探井的储量超过1亿桶油当量 [4] 行业相关 - 圭亚那的油气行业前景看好,ExxonMobil预计该区域可支持最多10个开发项目 [5] - 自2015年以来,Starbroek区块已发现超过30个油气藏,并确定了大量天然气储量 [5]

Exxon Mobil Corporation’s (XOM) ongoing arbitration over its right of first refusal concerning Hess Corporation’s (HES) Guyana operations has put a significant hold on Chevron’s (CVX) $53-billion acquisition of Hess. This delay has stalled a decision on whether ExxonMobil has a right of first refusal over Hess’ lucrative Guyana operations. The arbitration panel, tasked with deciding this critical issue, remains incomplete three months after the case was filed, hindering any immediate resolution. The sale ha ...

Exxon Mobil Corporation (XOM) faced a setback as a federal judge in Texas dismissed its lawsuit against activist investor Arjuna Capital. The oil giant had sought to prevent a shareholder proposal by Arjuna Capital that called for significant reductions in the company’s greenhouse gas emissions. Judge Mark T. Pittman of the U.S. Court for the Northern District of Texas ruled that the case was moot because Arjuna Capital had withdrawn its proposal and promised not to submit similar proposals in the future. I ...

PM Images Exxon Mobil Corporation (NYSE:XOM), which is the largest component of The Energy Select Sector SPDR Fund ETF (XLE), making up 26.18% of the fund, is looking attractive again after retracing below the $110 level. Shares of XOM have been in a downtrend since April, as they have declined by -11.83%. Shares of XOM are now yielding 3.48%, and there is no confirmation that the sell-off has concluded as a bottom, which hasn't been established yet. The last time shares of XOM got caught in a downward tren ...

A federal judge in Texas on Monday dismissed a controversial lawsuit by Exxon Mobil against activist shareholder Arjuna Capital over a climate proposal, ruling that the firm's promise it would not resubmit the proposal had rendered the case moot. "Arjuna has eliminated any case or controversy between the Parties here, Exxon's claim is moot and must be dismissed without prejudice," U.S. District Judge Mark Pittman for the Northern District of Texas wrote in his ruling. Exxon had sued Arjuna Capital and anoth ...

Exxon Mobil (XOM) closed the most recent trading day at $108.36, moving -0.69% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.95%. The oil and natural gas company's stock has dropped by 8.8% in the past month, falling short of the Oils-Energy sector's loss of 7.24% and the S&P 500's gain of 3.71%. Market participants will be closely following the financial results of Exxon Mobil in ...