Exxon | Egypt Oil & Gas
ExxonMobil Sets Historic Record for Western Oil Industry in 2022
Exxon Mobil Corp, which earned roughly $6.3 million per hour in 2022, reported a $56 billion net profit for 2022, breaking both a company record and achieving a historic high for the Western oil industry, Reuters repo... 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. The sale follows a failed attempt to restart production at the lo...
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. After dou... 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, Reut...
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 trouble a...
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. “If Iraq is asked to increase production, we can...
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, Reuter...
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. North Fiel...
