Exxon | Egypt Oil & Gas

ExxonMobil Achieved Earnings of $11.4B in Q1 2023

ExxonMobil reported a record first-quarter earnings of $11,430 billion which is more than double from the same quarter a year ago, the same has happened to the earnings per share (EPS) which has increase to $2.79. ...

ExxonMobil Sets Historic Record for Western Oil Industry in 2022

Exxon Mobil Corp, which earned roughly $6.3 million per hour in 2018, reported a $56 billion net profit for 2022, breaking both a company record and achieving a historic high for the Western oil industry, Reuters ...

ExxonMobil to Sell Troubled Oil Properties in California

ExxonMobil will sell its troublesome offshore oil and gas fields in California that have been inactive since a pipeline leak in 2015, Reuters reported.

Exxon Shares Rise to Record High on Strong Earnings Outlook

Exxon Mobil Corp. shares soared to an all-time high as oil prices resumed their ascent and analysts upgraded their long-term outlooks for the largest U.S. oil producer's cash flow and earnings outlook.

ExxonMobil Indicates Strong Q3 Earnings on Natural Gas Pricing

According to a securities filing, ExxonMobil indicated strong third quarter operating profits following the previous quarter's all-time record as gains from natural gas offset weaker refining and chemicals, Reuter ...

ExxonMobil Increases Guyana Oil Output, Hesitant About Next Auction Offer

ExxonMobil is unsure whether it will submit a bid for new offshore areas Guyana wants to explore because the oil company is increasing production quicker than expected and the South American nation is having troub ...

Iraq Has the Capacity to Increase Oil Production by 200,000 bbl/d

An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.

Iraq’s Basra Oil Company to Acquire Largest Share in ExxonMobil’s Stake in the West Qurna 1 Oilfield

Following the approval of the 2022 budget, Iraq's Basra Oil Company will acquire the largest share of Exxon Mobil's stake in the southern West Qurna 1 oilfield, oil minister Ihsan Abdul Jabbar said, Reuters report ...

Four Global Energy Giants Chosen for Qatar’s Massive LNG Expansion

In the expansion of the world's largest liquefied natural gas (LNG) project, Qatar has selected ExxonMobil, TotalEnergies, Shell, and ConocoPhillips as partners, according to sources cited by Reuters.

Aramco Accounts Reveal Low 2017 Downstream Profits

The majority of Saudi Aramco’s profits in the first six months of 2017 came from its upstream ventures, with the company’s downstream profits remaining far behind those of its major rivals.

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