With arguably some of the best assets in the world (Guyana and Pioneer’s Permian acreage), Exxon should be able to outperform any of these considerably smaller companies. XOM produced $34.4 ...

In the Permian Basin, he said, ExxonMobil delivered record production from both its Heritage ExxonMobil assets and the Pioneer Natural Resources assets from that acquisition last year.

In addition to its traditional upstream and downstream energy operations, XOM is entering the lithium market, a major ...

ExxonMobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian Basin at home, and in Guyana. The Texas company earned $7.61 billion, or $1.72 per ...

Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased production in Permian and Guyana Exxon Mobil posted strong fourth ...

With a strong focus on strengthening its presence in the Permian, ExxonMobil completed the acquisition of Pioneer Natural Resources Company on May 3, 2024. With 1.4 million net acres of the ...

As at the end of 2023, ExxonMobil had net acreage in the Gulf of Mexico of 100,000 acres. “It’s a function of evaluating the opportunities there and the cost of supply,” he continued.

ExxonMobil XOM and Chevron CVX, two of the world’s largest oil/energy companies, delivered contrasting earnings performances in the fourth quarter. ExxonMobil reported Q4 adjusted earnings per ...

However, total revenues dipped more than 1% year over year to $83.4 billion. ExxonMobil’s production grew 20% year over year to 4,602 thousand oil-equivalent barrels per day (MBOE/d), driven by ...