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Nov 13 2023
News
ExxonMobil to begin lithium extraction in south Arkansas this month
ExxonMobil will drill its first lithium well in south Arkansas beginning this month, the company announced Monday. The announcement is the beginning of a rush to extract the mineral, a critical component in electric vehicle batteries, from the Smackover Formation. Earlier this year, ExxonMobil bought 120,000 acres in South Arkansas to extract brine containing the metal out of one of the
Northwest Arkansas Democrat GazetteOct 12 2023
News
What ExxonMobil’s Merger With Pioneer Means For U.S. Shale
Whenever a merger like this week’s deal between U.S. major ExxonMobil and Permian Basin pure-play independent Pioneer Natural Resources is announced, the analyst community is going to produce an array of competing views about whether the transaction is wise for either or both companies. Certainly, that has been the case this week. Will Chevron now pursue a similar deal to try to keep pace with
ForbesOct 06 2023
News
ExxonMobil/Pioneer Merger Could Finally Become Reality
In a story that should surprise no one, the Wall Street Journal and others are reporting that the long-anticipated deal between U.S. energy giant ExxonMobil and Permian Basin titan Pioneer Natural Resources could finally be upon us. Rumors about a possible deal between the two companies have circulated off and on since at least 2017, and heated up again this past April. But, as with so many
ForbesNov 13 2023
News
Gov. Sanders announces ExxonMobil to drill first lithium well in Arkansas
Governor Sarah Huckabee Sanders announced that ExxonMobil will drill its first lithium well in the southern part of Arkansas. Example video title will go here for this video LITTLE ROCK, Ark. — Governor Sarah Huckabee Sanders announced that ExxonMobil will drill its first lithium well in Arkansas, making an early investment in what could be one of the largest supplies of lithium in North
THV11Nov 14 2023
News
Exxon-Mobile announces plan to begin lithium mining in South Arkansas this month
Arkansas Democrat-GazetteOct 29 2022
News
ExxonMobil posts another record profit as oil prices remain high
America’s largest oil company ExxonMobil set a profit record for the second-straight quarter as oil and gas prices remained high. No. 2 US oil company Chevron also posted much-better-than-expected results.
ExxonMobil earned $18.7 billion, excluding special items, up 6% from the second quarter results which had been the record and up 177% from a year ago. Earnings per share of $4.45
CNN BusinessMar 03 2023
News
Employment commission sues ExxonMobil, alleging discrimination after nooses found at facility
The Equal Employment Opportunity Commission (EEOC) is suing ExxonMobil over racial discrimination after multiple nooses were found at one of the company’s facilities. The EEOC said in a release on Friday that ExxonMobil violated federal law in not taking “effective measures” to prevent hangman’s nooses from being displayed at its facility in Baton Rouge, La. The lawsuit, which was filed
The HillMay 22 2023
News
ExxonMobil sued over clerk who locked door in Detroit gas station shooting
A man injured in a deadly Detroit gas station shooting has filed a lawsuit against ExxonMobil alleging a clerk locked him and two other patrons in the station's convenience store with the gunman who shot them. Anthony Bowden's lawsuit accuses the ExxonMobil Corp. and the gas station franchise owner, SMM Investment Inc., of multiple counts of negligence stemming from the shooting in March in
ABC News (Online)Jan 12 2023
News
ExxonMobil, once a loud climate skeptic, had accurately forecast global warming
In perhaps one of the most cynically ironic twists in the field of climate science, new research suggests ExxonMobil may have had keener insight into the impending dangers of global warming than even NASA scientists but still waged a decades-long campaign to discredit research into climate change and its connection to the burning of fossil fuels. Despite its public denials, the major oil
Los Angeles TimesOct 29 2022
News
ExxonMobil, Chevron rake in record Q3 profits following oil price surge
ExxonMobil and Chevron reported record profits for the third quarter of 2022, boosted by a surge in oil and natural gas prices.
Exxon reported $19.7 billion in net income and $112.07 billion in third quarter revenue. Earnings more than doubled compared to the same period last year. Revenue rose 52%.
Chevron's quarterly profit rose 84% to $11.23 billion while revenue grew 49% to $
Fox Business