Tag: ExxonMobil
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ExxonMobil hands over operations in the West Qurna 1 oil field in Iraq to PetroChina
Senior Iraqi oil officials met with executives from ExxonMobil, PetroChina, and Basra Oil companies, on Monday, in the West Qurna 1 field near Basra, on the occasion of Exxon's complete exit and handover of its operations to PetroChina. The Iraqi Deputy Minister of Oil for Extraction Affairs, Basem Muhammad, told Reuters in an interview in…
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ExxonMobil’s profits decline due to lower oil prices
The giant oil group recorded profits in the third quarter amounting to $9.1 billion, less than half the level recorded in the period that witnessed a significant rise in fuel prices in 2022. Revenues fell by 19 percent to $90.8 billion. The decline in profits reflected a decline in commodity prices compared to the same…
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SABIC launches joint venture with ExxonMobil
RIYADH (Reuters) – Petrochemical producer Saudi Basic Industries Corporation (SABIC) said on Thursday its joint venture with Exxon Mobil Corp. in the U.S. Gulf Coast, which includes an ethylene production unit, has begun commercial operations.SABIC stated in a disclosure to the stock exchange that the company had announced on September 19 plans to establish an…
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After pressure from investors, ExxonMobil also sets itself a climate target for 2050: ‘net zero’ emissions
ExxonMobil is the last of the major international oil companies to set itself a climate target for 2050. The American oil and gas company announced it on Tuesday. ExxonMobil’s climate plan is weaker than that of European competitors such as Eni, BP and Shell. ExxonMobil to aim for ‘net zero’ CO2emissions in 2050 for its…
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ExxonMobil commits to the carbon neutrality of its operations by 2050 – ISTOÉ DINHEIRO
(File) ExxonMobil refinery in England – AFP/Archives US oil and gas giant ExxonMobil pledged on Tuesday to make its operations carbon neutral by 2050, seeking to reduce its environmental impact without making any promises about the energy products used by its customers. ExxonMobil said in a statement that it has an ambition to go to…