Darren Woods – Charm

Exxon wants to extract its value from Hess Guyana assets, CEO says

Cs news8 months ago04 mins

HOUSTON (Reuters) – Exxon Mobil want to “participate” in Hess Corp.’s sale of its Guyana oil production assets, and extract value from the work it has put into developing the country’s offshore fields, two of its top executives said on Wednesday. A three-person panel in May is to decide whether Hess’s deal to sell itself…

ExxonMobil profits dip as it gives back almost $10 bn to investors

Cs news9 months ago03 mins

ExxonMobil reported a dip in third-quarter profits Friday on lower earnings from its refining business, but the results were strong enough to enable nearly $10 billion in shareholder distributions. The big US oil company, which saw upstream oil production rise following its acquisition of Pioneer Natural Resources, pointed to the benefits of $11.3 billion in…