The NumbersExxon’s revenue declined in the latest quarter, to $82.9 billion from $115.7 billion a year earlier. The company reported earnings per share of $1.94, compared with $4.21 in the […]
Exxon Mobil Corp
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Back to news homeOil Giants, After Surge in Profits, Are Wary About Spending
Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record. But after a bountiful 2022, the outlook for […]
Romania Sees an Opening to Become an Energy Power in Europe
CERNAVODA, Romania — A row of hulking concrete domes loom along the Danube-Black Sea Canal in Cernavoda, about two hours east of Bucharest. Two of the structures house nuclear reactors […]
Omens of Decline for Russia’s Once World-Leading Energy Industry
It was to be a hugely ambitious project on the frigid Gulf of Ob, in Russia’s Far North, a steppingstone in Moscow’s rising ambitions to be a power in liquefied […]
How Much Will the U.S.’s Oil Ban Hurt Russia?
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer […]
The Future Turns Dark for Russia’s Oil Industry
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer […]
Shell Quits Russia, Joining BP as Oil Giants Object to Attack on Ukraine
Thane Gustafson, author of “Wheel of Fortune,” an account of the Russian oil industry after the fall of the Soviet Union, recalled that the oil executives who were instrumental in […]
Why Are Oil Prices So High and Will They Stay That Way?
HOUSTON — Oil prices are increasing, again, casting a shadow over the economy, driving up inflation and eroding consumer confidence.Crude prices rose more than 15 percent in January alone, with […]
Exxon Sets a 2050 Goal for Net Zero Greenhouse Gas Emissions
HOUSTON — Exxon Mobil, under increasing pressure from investors to address climate change, announced on Tuesday that it had the “ambition” to reach zero net greenhouse gas emissions from its […]
Oil Executives Testify on Industry’s Role in Climate Disinformation
House Democrats have begun questioning the executives of some of the world’s biggest oil and gas companies — Exxon Mobil, Chevron, BP and Shell — over allegations that the companies […]