Exxon Balances $400 Million Asset Sale Gains with Charges
ExxonMobil anticipates a $400 million gain from asset sales, matched by equivalent charges. Explore how this impacts their financial strategy.
Topic
oil industry
A collection of 22 issues
John Hess Challenges Exxon's Stabroek Block Stake Claim
John Hess contests Exxon's right-of-first-refusal to Hess' 30% stake in Guyana's Stabroek block, calling the claim baseless. Explore the oil giant's legal stand.
Exxon Mobil and Hess in Legal Arbitration Over Guyana Assets
Exxon Mobil and Hess are currently engaged in a legal arbitration concerning the sale of valuable Guyana assets. Discover the details of this high-stakes dispute.
Shale Oil Drilling Set for Efficiency Boost
Discover how advancements in technology are set to enhance efficiency in shale oil drilling, driving productivity and reducing costs.
KazMunayGas Aims to Expand in Europe with Lukoil Bulgaria Bid
KazMunayGas is set to expand its European presence by bidding for Lukoil's Bulgaria refinery. Explore how this strategic move might reshape market dynamics.
Litasco SA Accepts Offers from Potential Buyers Including KazMunayGas
Litasco SA has received binding offers from several potential buyers, notably including KazMunayGas. Discover the implications for the oil industry.
Mexico's Budget: Balancing Fiscal Deficit and Pemex Support
Mexican lawmakers approve a budget aimed at reducing the fiscal deficit while ensuring support for state-owned oil company Petroleos Mexicanos (Pemex).
U.S. Oil Rig Count Falls to 482
U.S. oil rig count declines by one to 482, as reported by Baker Hughes. Discover the impact of this shift in the energy sector.
Nationwide Refinery Capacity Cap Set for 2025
Discover how the 1 billion ton capacity cap for 2025 impacts smaller refineries. Explore the nationwide refinery capacity restrictions and their implications.
Mega-Refineries Rise as Teapots Close Down
Explore the shift towards integrated mega-refineries and the decline of smaller teapot refineries in the oil industry. Discover the trends and impacts.