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ExxonMobil

The latest news, analysis and opinion on ExxonMobil. In-depth analysis, industry insights and expert opinion.

Chairman / President

Darren W. Woods

CEO / Managing Director

Darren W. Woods

CFO / Finance Director

Kathryn A. Mikells

Industry

Oil / Gas / Mining

Website

corporate.exxonmobil.com

Headquarters address

Unincorporated Harris County near Spring, Texas, U.S

Stock Code

NYSE:XOM
NYSE:XON

Year founded

1882

Exxon Mobil is a major producer of the polymers used to make plastics. File photo: Shutterstock

Recycling and waste reduction

California sues oil giant Exxon over global plastic pollution

California attorney general accuses ExxonMobil of ‘decades-long deception’ for promising that plastics it produced would be recycled.

24 Sep 2024 - 3:56PM

GBA Development Plan fifth anniversary

5 years on, a surging GBA is driving China’s economic growth

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Middle East

US strikes Yemen missile site, will reclassify Houthis as terror group

17 Jan 2024 - 11:46AMvideocam

Banking & finance

Global M&A: deal makers to miss US$3 trillion mark for first time in 10 years

Deal makers are coming to the end of their worst year for mergers and acquisitions since 2013, having seen hopes of a recovery choked off by reluctant lenders and geopolitical flare-ups.

19 Dec 2023 - 3:55PM

A lack of activity by private equity firms has again been one of the major drags on deal-flow this year. Photo: Shutterstock

Business of climate change

Exclusive | Saudi Aramco and Chinese partner ready pilot hydrogen-conversion plant

Aramco and Suzhou-based Since Gas’s pilot plant, which aims to demonstrate the feasibility of a technology for converting ammonia to hydrogen, is part of Aramco’s nearly half a billion US dollars of annual R&D efforts on sustainability.

13 Dec 2023 - 1:04PM

Americas and the Caribbean

Guyana says oil producers moving ahead despite Venezuela’s threats

Guyana’s president said troops are prepared to defend the nation’s territory after Venezuela’s Nicolas Maduro revived a long-dormant dispute over the oil-rich Essequibo region.

12 Dec 2023 - 8:51AM

Americas and the Caribbean

Guyana-Venezuela tensions soar over disputed oil-rich region

The UN Security Council will hold an emergency meeting at Guyana’s request on Venezuela’s claim to a vast oil-rich region called Essequibo.

8 Dec 2023 - 12:51PM

A man in Caracas carries a framed map of Venezuela, showing the disputed Essequibo region as part of Venezuela. Photo: EPA-EFE

Americas and the Caribbean

Venezuelans vote to back sovereignty claim over swathe of Guyana

Voters in Venezuela backed the creation of a new state in the potential oil-rich Essequibo region in a Sunday referendum.

5 Dec 2023 - 4:24AM

Tourism

Destinations known | Taylor Swift needs to speak out on climate breakdown. Why isn’t she?

Taylor Swift, Blackpink, Beyoncé and other performers whose fans drive concert tourism have the power to wake up millions of people to the risks of climate breakdown and need to be more vocal about it.

30 Nov 2023 - 11:39AM

China trade

Will China’s new supply-chain expo showcase ‘self-reliance’ in manufacturing?

The International Supply Chain Expo kicks off next week and is expected to show progress in China’s self-sufficiency drive as ‘de-risking’ becomes more prevalent in a time of geopolitical uncertainties.

22 Nov 2023 - 9:36AM

Energy

China’s Sinopec signs second 27-year natural gas supply deal with Qatar

Doha will supply 3 million tonnes of natural gas a year under the deal, QatarEnergy said.

5 Nov 2023 - 5:20PM

A liquefied natural gas carrier is berthed at Sinopec’s Tianjin LNG receiving station for unloading operations on October 21, 2022. Photo: Xinhua

Singapore

‘More still needs to be done’: how low-lying Singapore fights fast-rising seas

Roughly one-third of the city state is less than five metres above sea level, making it more susceptible to sea-level rise ‘than virtually any country in the world’, observers say.

10 Oct 2023 - 12:14PM

United States

California sues oil giants for ‘lies and myths’ on climate, seeks funds

The state’s lawsuit seeks finance from ExxonMobil, Shell, Chevron, ConocoPhillips and BP to pay for recovery after devastating storms and fires, while the companies say climate policy should be debated in Congress, not court.

18 Sep 2023 - 2:05AM

Business of climate change

Chinese companies leave world behind in race for renewables income

Companies on the S&P 500 produce just 3.4 per cent of their revenue from clean-energy sources, roughly half as much as companies on the Shanghai Composite Index.

4 Sep 2023 - 10:40AM

Wind turbines operate in Hezhang County, in southwest China’s Guizhou Province on August 19, 2020. Photo: Xinhua

Sinopec

Oil giant Sinopec eyes overseas expansion as Chinese demand approaches peak

China’s Sinopec is setting up a new entity to invest in refinery and petrochemical assets overseas in a bid to leverage its expertise and deep pockets to expand globally as local Chinese oil demand nears a plateau.

31 Aug 2023 - 3:57PMvideocam

Sinopec

Chinese petchem makers shift to chemicals used in solar panels, EV batteries

Chinese firms like Sinopec, Wanhua Chemical and Zhejiang Petrochemical are moving from basic petrochemicals to making higher value products used in energy transition products.

24 Jul 2023 - 3:17PMvideocam

Business of climate change

CNOOC commissions China’s first offshore CCS project

China, the world’s largest greenhouse gas emitter, attaches great importance to the country’s CCS development to support its goals of peaking carbon emissions by 2030.

1 Jun 2023 - 8:00PM

China-Africa relations

Can Japan’s renewed vows to Africa dent expanded China influence?

PM Kishida’s promises of funding and support for African causes during his four-nation tour recall past glories before ‘lost decade’.

13 May 2023 - 9:00PMvideocam

Japan’s Prime Minister Fumio Kishida and Kenyan President William Ruto in Nairobi on May 3. Photo: EPA

Fifa

Messi’s Saudi move is done deal, source says, revealing ‘exceptional’ contract

He will follow Cristiano Ronaldo to the kingdom, but source says ‘Saudi Arabia brought him, not a specific club’, paid for by Public Investment Fund, which bankrolled LIV Golf and the Newcastle buyout.

9 May 2023 - 10:05PM

Climate change

With billions in assets, how religious groups are fighting climate change

As people lose faith in governments’ ability to combat climate change, religious groups are stepping in. FaithInvest CEO Martin Palmer is helping them.

29 Apr 2023 - 4:15PM

Saudi Arabia

In the money: oil giant Saudi Aramco makes a record US$161 billion profit

Huge amount followed energy prices rising after Russia launched war on Ukraine and Western sanctions began; 2021’s profit was US$110 billion.

12 Mar 2023 - 9:54PMvideocam

South China Sea

South China Sea: risk of flashpoints ‘high’ as energy projects expand

Every claimant except the Philippines is moving forward with oil and gas projects in the disputed waters, according to a new US report.

9 Mar 2023 - 9:13PMvideocam

Every claimant except the Philippines is moving forward with oil and gas projects in the disputed waters of the South China Sea, according to a new US report. Photo: handout

Diplomacy

Opinion | As war in Ukraine freezes the Arctic Council, how will Asia engage?

Geopolitics is complicating cooperation in the resource-rich, climate-critical Arctic region. The five Asian observer states of China, Japan, South Korea, Singapore and India need to examine their engagement in a globalised Arctic in flux.

25 Feb 2023 - 4:10AMvideocam

My Take

My Take | Ukraine war has been good for the US, but its allies not so much

While propagating the need for the West to unite against autocracies, Washington is ruthlessly pursuing its own interests against those of its allies.

20 Feb 2023 - 9:00PM

The Philippines

Asian Angle | Philippine ruling could ‘shut door’ on joint energy deals in South China Sea

Timing of the ruling is ‘too much of a coincidence’, coming soon after the Philippine president returned from a state visit to Beijing, a legal expert says.

4 Feb 2023 - 9:00AMvideocam

A Chinese deepwater drilling rig in the South China Sea. Photo: Xinhua

Switzerland

The world is in a ‘sorry state’ warns UN chief at Davos

UN Secretary-General Antonio Guterres delivered his gloomy message on the second day of the annual gathering of global leaders and corporate executives.

18 Jan 2023 - 7:48PMvideocam

UN Secretary-General Antonio Guterres delivers a speech at the World Economic Forum annual meeting in Davos. Photo: AFP

China's economic recovery

China pitches its ‘quasi-safe’ yuan bonds in bid to raise capital inflows

To encourage capital inflows, China’s foreign-exchange regulator points to ‘policy optimisations’ and other factors to reassure investors who have been waiting to see how the economic policy will unfold.

22 Nov 2022 - 9:00PM

China's economic recovery

China meets with US firms as it seeks to restore confidence, boost growth

China’s top economic planning agency met with US multinationals including ExxonMobil, Boeing, Cargill and Emerson Electric this week, signalling it is eager to restore market confidence after the 20th party congress.

19 Nov 2022 - 1:37AMvideocam

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