ExxonMobil | Egypt Oil & Gas - Part 2

ExxonMobil Eyes Expanded Lubricants and Synthetic Greases Investments in Egypt

Minister of Petroleum and Mineral Resources, Karim Badawi, met with Dan Moore, Global Vice President of Lubricants at ExxonMobil, to discuss means of strengthening cooperation with the US oil and gas giant in the prod...

ExxonMobil Reports Earnings of $6.5 Bn in Q4 2025

ExxonMobil reported full-year 2025 earnings of $28.8 billion, according to the company’s latest financial results. This figure represents a decline from the $33.7 billion recorded in the previous year. For the fourth ...

ExxonMobil, Chevron Signal Interest in Venezuela Amid Sanctions Easing

US energy majors ExxonMobil and Chevron have expressed tentative interest in re-engaging with Venezuela’s petroleum sector following the easing of US sanctions, provided that the country establishes robust legal and p...

EGAS Reviews Exploration Activities with Arcius, ExxonMobil, QatarEnergy

The Egyptian Natural Gas Holding Company (EGAS) is accelerating the development of undeveloped offshore discoveries through new technical partnerships and expanded exploration programs with global majors, including Ar...

ExxonMobil Prepares to Restart Venezuelan Crude at Baton Rouge Louisiana Refinery

Exxon Mobil is making preparations to resume processing Venezuelan crude oil at its large Baton Rouge, Louisiana refinery, industry sources said to Reuters. The facility, which has a capacity of about 522,500 barrels ...

Exxon Mobil Keeps Venezuela Option Open Despite Trump Objections

Exxon Mobil remains interested in assessing a potential return to Venezuela and is prepared to send a technical evaluation team within weeks, despite US President Donald Trump signaling he may block the company from o...

Trump Weighs Blocking Exxon’s Return to Venezuela

US President Donald Trump said he might block Exxon Mobil from investing in Venezuela after its CEO told him the country was currently unsuitable for investment during a previous White House meeting with at least 17 o...

ExxonMobil to Shut Singapore Steam Cracker by June 2026

ExxonMobil plans to permanently shut down the older of its two steam crackers on Singapore’s Jurong Island, with closure beginning in March and full shutdown expected by June, Reuters reported, citing four sourc...

Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant

ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion barrels of...

EGPC, ExxonMobil Sign Agreement to Boost Fuel Transport Safety

The Egyptian General Petroleum Corporation (EGPC) has signed a strategic Memorandum of Understanding (MoU) with ExxonMobil Egypt to enhance risk management, operational safety, and training across Egypt’s fuel transpo...

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