ExxonMobil News Updates

Business, Fuel

Exxon Posts $4.7 Billion in Q2 Profit as Fuel Demand Rebounds

NEW YORK — ExxonMobil swung back to a profit and topped expectations on profit and revenue during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.

July 30, 2021
Business, Fuel

Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year

NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.

April 30, 2021
Business, Fuel

Exxon CEO Eyes Money-Making Potential of Low-Carbon World

ExxonMobil Corp. sees multiple money-making opportunities in a low-emissions world and is targeting partnerships with venture funds to help finance growth in its carbon capture business, CEO Darren Woods said.

March 4, 2021
Business, Fuel

Exxon Announces New Emissions Targets After Investor Criticism

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

December 14, 2020
Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

October 7, 2020
Business, Technology, Fuel

ExxonMobil to Distribute Renewable Diesel

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.

August 14, 2020
Business, Fuel

Exxon Says 20% of Oil, Gas Reserves Threatened by Low Prices

ExxonMobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.

August 5, 2020
Business, Fuel

Exxon Profits Drop as Most of World Stays °®¶¹´«Ã½

NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.

May 1, 2020
Government, Business, Technology, Safety, Fuel

Exxon Outlines Steps to Reduce Harmful Methane Emissions

NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.

March 3, 2020