Exxon Mobil is a multinational oil and gas corporation engaged in the exploration, production, refining, and distribution of petroleum and petrochemical products. The company operates in various segments, including upstream operations, which involve the extraction of crude oil and natural gas, and downstream operations, which focus on refining and marketing fuels and lubricants. Additionally, Exxon Mobil invests in alternative energy solutions and technologies, contributing to ongoing efforts to address global energy challenges. With a significant presence in multiple countries, the company plays a vital role in supplying energy and products to meet the demands of consumers and industries worldwide. Read More
Treasury Secretary Scott Bessent voiced support for fossil fuel development in emerging economies, criticizing the push for renewables-only energy solutions as unrealistic for countries facing basic economic challenges.
Exxon Mobil shares are trading higher by 3.4% over the past week. The company finds itself in the middle of two recent, major shifts in the global energy landscape.
Exxon Mobil Corporation (NYSE: XOM) announced an agreement with Calpine Corporation, the nation’s largest producer of electricity from natural gas, to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a cogeneration facility near Houston. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to capture the facility’s CO2 emissions, enabling the 24/7 supply of low-carbon electricity to Texas customers as well as steam to nearby industrial facilities.
Direxion has launched Boeing and Exxon Mobil single-stock leveraged/inverse ETFs for traders seeking to capitalize on daily movements in headline-prone stocks.
Exxon Mobil Corporation (NYSE: XOM) will release its first quarter 2025 financial results on Friday, May 2, 2025. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at investor.exxonmobil.com.
Occidental Petroleum's largest business segment is its onshore oil & gas production with nearly 2.7 million acres in the Permian Basin, here's what's coming.
The U.S. Energy Department (DoE) is reportedly contemplating substantial reductions, potentially halting nearly $10 billion in federal funding for clean-energy projects. This move could jeopardize high-profile collaborations with Exxon Mobil (NYSE: XOM) and Occidental Petroleum (NYSE: OXY).
Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive momentum in trade negotiations.
