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Today: January 19, 2025
Today: January 19, 2025
Sabrina Valle

Sabrina Valle

Staff Writer

Latest From Sabrina Valle

Business|Crime|Health|Technology|US

Industry conferences kick off 2025 with more security following murder of US executive

U.S. industry conferences, including a major San Francisco healthcare meeting, have stepped up security for

Industry conferences kick off 2025 with more security following murder of US executive
Business|Technology|US

Exxon to start lithium production for EVs in the US by 2027

Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries

Exxon to start lithium production for EVs in the US by 2027
Business|Finance|Stock Markets|US

Exxon 3Q profits to climb from last quarter on higher prices

Exxon Mobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion,

Exxon 3Q profits to climb from last quarter on higher prices
Business|Economy|Finance|Stock Markets|US

Pioneer shares jump on Exxon mega-merger talks

Shares of Pioneer Natural Resources climbed nearly 8% on Friday on news that Exxon Mobil, the largest U.S. oil and gas company, was in advanced talks to

Pioneer shares jump on Exxon mega-merger talks
Business|Economy|Finance|Stock Markets|US

Exxon investors ready to embrace buying existing oil over new drilling

Exxon Mobil's investors now prefer the company use its share price and financial might to acquire existing oil and gas production rather than spend on drilling

Exxon investors ready to embrace buying existing oil over new drilling
Business|Finance|US

How stars aligned for Exxon's $60 billion deal with Pioneer

Exxon Mobil Corp's resurgence under CEO Darren Woods and the upcoming retirement of Pioneer Natural Resources CEO Scott Sheffield were

How stars aligned for Exxon's $60 billion deal with Pioneer
Business|Finance|News|Stock Markets|US

Chevron's third-quarter profit slumps, shares fall 6%

Chevron on Friday posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its shares down 6%.

Chevron's third-quarter profit slumps, shares fall 6%
Business|Finance|US

Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q

Exxon Mobil Corp on Friday posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil

Exxon posts $9.1 billion net, down from year-ago, up 15% from 2Q
Business|US

Exxon names new shale oil chief to replace executive facing assault charge

The former head of Exxon Mobil's shale oil and gas business will return as senior vice president over the operation following his successor's arrest earlier this

Exxon names new shale oil chief to replace executive facing assault charge
Business|Economy|Finance|US

Occidental Petroleum beats Q3 estimates on higher production

Occidental Petroleum on Tuesday beat analysts' third-quarter profit estimates on strong U.S. oil production, but its results were well below a year ago due to

Occidental Petroleum beats Q3 estimates on higher production
Business|Finance|US

Chevron reviewing options for East Texas assets after shale acquisitions

Chevron Corp said it is evaluating options for around 70,000 net acres of land in East Texas' Haynesville shale formation after pausing

Chevron reviewing options for East Texas assets after shale acquisitions
Business|Environment|World

Exxon CEO Darren Woods likely to attend COP28 – sources

Exxon Mobil Corp Chief Executive Darren Woods is making plans to attend the COP28 climate summit in Dubai next week, two people close to the

Exxon CEO Darren Woods likely to attend COP28 – sources
Business|Finance

Exxon Mobil forecasts increases in project spending, oil output

Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing

Exxon Mobil forecasts increases in project spending, oil output
Business|Economy|Finance|US

Occidental's deal for CrownRock is no Anadarko redux, say ratings firms

Occidental Petroleum's plan to pay off debt from its acquisition of CrownRock should result in a reduced financial burden within a year of closing, credit rating

Occidental's deal for CrownRock is no Anadarko redux, say ratings firms
Business|Economy|Finance|Stock Markets|US

Wall Street analysts trim Chevron views as setbacks mount

Wall Street analysts are trimming their earnings estimates for Chevron Corp and employees are preparing for potential job cuts as a series of operational setbacks

Wall Street analysts trim Chevron views as setbacks mount
Business|Economy|Finance|US

Exxon's faces hurdles in $2.5 billion exit from California offshore

Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit

Exxon's faces hurdles in $2.5 billion exit from California offshore
Business|Economy|Environment|US

Exxon files lawsuit against investors' climate proposal

Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company's

Exxon files lawsuit against investors' climate proposal
Environment|News|US

Analysis-California and Big Oil are splitting after century-long affair

It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change.

Analysis-California and Big Oil are splitting after century-long affair
Business|Economy|Finance|US

Chevron earnings fall as charges, weak margins clip 2023 profits

Chevron Corp on Friday reported a sharply lower, $21.3 billion profit for 2023 as earnings from oil production and refining fuels tumbled during a year of missteps

Chevron earnings fall as charges, weak margins clip 2023 profits
Business|Finance|Stock Markets

Exxon beats estimates, ends 2023 with a $36 billion profit

Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.

Exxon beats estimates, ends 2023 with a $36 billion profit
Business|Economy|Environment

Guyana's $1.9 billion gas-to-power project delayed to 2025

Guyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that was to start this year, using

Guyana's $1.9 billion gas-to-power project delayed to 2025
Business|Economy|US

Analysis-Exxon's curveball move in Guyana alters Chevron-Hess deal prospects

Exxon Mobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil

Analysis-Exxon's curveball move in Guyana alters Chevron-Hess deal prospects
Business|Finance|US

Chevron's CEO faces challenges of a lifetime with Hess bid

Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up

Chevron's CEO faces challenges of a lifetime with Hess bid
Business|Finance

Exxon Mobil CEO says not trying to acquire Hess

Exxon Mobil CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp's Guyana assets in its dispute with Chevron, not buy

Exxon Mobil CEO says not trying to acquire Hess
Business|Economy|Technology|US

New technology helps US shale oil industry start to rebuild well productivity

Technology advances are making it possible for U.S. shale oil and gas companies to reverse years of productivity declines, but the related requirement to frontload

New technology helps US shale oil industry start to rebuild well productivity

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