Exxon Mobil Corporation XOM is reinforcing its dominance in the Guyana offshore oil sector, with an objective to reach 2.3 million barrels per day (bpd) of production by 2030. The U.S. energy major ...

Q4 2024 Management View Darren Woods, Chairman and CEO, highlighted that Exxon Mobil achieved earnings of $34 billion in 2024 ...

Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil ...

That investment will grow output from its highest-margin assets, which will increase its earnings and free cash flow. Exxon also plans to deliver a cumulative $18 billion in cost savings by the end of ...

Woods has argued that new oil projects in Guyana and the Permian Basin, along with liquefied natural gas investments, have ...

Exxon Mobil Corporation has completed the acquisition of the American oil and gas company Pioneer Natural Resources Company after receiving permission from the US Federal Trade Commission (FTC). This ...

The acquisition of Pioneer Natural boosts XOM's production capabilities in the Permian Basin due to its exceptionally low production costs.

such as the acquisition of Pioneer Natural Resources (completed in May 2024). This merger is anticipated to further bolster ExxonMobil's reserves and production capabilities. In terms of financial ...

Neil Mehta; Analyst; Goldman Sachs Group, Inc. Betty Jiang; Analyst; Barclays Capital Inc.

Exxon got even bigger in 2024, completing its $60bn all-share acquisition of Pioneer Natural Resources for its Guyana and Permian basin assets. This drove production up and added $340mn in earnings in ...

Exxon Mobil has today beaten Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.