Trump cautions ExxonMobil following CEO’s remarks on Venezuela being ‘uninvestible’
Trump Comments on ExxonMobil’s Position in Venezuela On a recent flight aboard Air Force One, President Trump shared his views on ExxonMobil’s stance regarding Venezuela’s struggling oil sector. He remarked that the company seems inclined to shy away from participating in efforts to revitalize the country’s industry, particularly following a blunt statement from ExxonMobil’s CEO, […]
ExxonMobil is correct about Russia — going back would lead to trouble.
Recently, it came to light that ExxonMobil had been in secret discussions with Russian officials regarding a potential return to the country. However, the company’s CEO stated earlier this month that ExxonMobil has no intention of going back to Russia. Instead, the discussions centered around retrieving over $4 billion in assets that the Kremlin had […]
From Quantum to Oil: Is It Worth Monitoring D-Wave and ExxonMobil Stocks?
Quantum Computing and Its Impact on Traditional Industries Quantum computing is a developing technology that might soon tackle highly complex issues in mere minutes. This innovation could significantly transform traditional sectors, including energy. In this scenario, we have Exxon Mobil Corporation and D-Wave Quantum Inc. Looking at annual performance, Exxon Mobil only increased by 7.7%, […]
Quantum to Oil: Is It Worth Monitoring D-Wave and ExxonMobil Stocks?
Key Takeout Exxon Mobil has seen a 7.7% year-to-date increase, while D-Wave’s stock has surged by 81.3%, illustrating a stark contrast in performance. D-Wave’s technology is utilized across various sectors, including aerospace and oil. Exxon Mobil is collaborating with IBM to leverage quantum computing for cleaner fuel and improved efficiency. Quantum computing is an innovative […]
Libya Reaches Agreement with ExxonMobil After Ten-Year Oil Stalemate
Libya and ExxonMobil Sign Agreement for Oil Exploration The Libyan National Petroleum Corporation (NOC) announced that it has signed a memorandum of understanding (MOU) with ExxonMobil. This marks a crucial step in exploring potential oil reserves off the northwest coast of Libya. This comprehensive geological survey aims to tap into some of the country’s vast […]
ExxonMobil Expects Little Change in Oil Demand over Next 25 Years
ExxonMobil released a report on Monday predicting that oil demand will “plateau” in 2030 and then remain relatively stable for the next two decades — a prediction that's at odds with the political talk of a “green energy transition.” ExxonMobil's “plateau” in oil demand Calculated At 102.2 million barrels per day, this is roughly the […]
DAVID BLACKMON: ExxonMobil Just Set The Climate Alarm Lobby On Fire Again
ExxonMobil last week filed a lawsuit against two activist investor groups objecting to an apparently frivolous shareholder proposal, which it hopes will be taken up at the company’s impending annual meeting in May. , set the climate alarm lobby ablaze. The lawsuit was filed in Texas court on January 21 against Massachusetts-based investment firm Arjuna […]
ExxonMobil hands over operations at West Qurna 1 oilfield to PetroChina
US energy giant ExxonMobil has officially withdrawn from the West Qurna 1 oil field in southern Iraq and handed over operations to PetroChina as lead contractor, the deputy oil minister told Reuters on Monday. Iraqi oil officials met with executives from ExxonMobil, PetroChina and Basra Oil Company on Monday at the West Qurna 1 oil […]