Exxon Mobil has posted a 38 per cent decline in third quarter earnings of $2.65 billion, compared with $4.24 billion a year earlier as result reflected lower refining margins and commodity prices.
Exxon Mobil has offered gasoil cargoes through a rare term tender from its joint-venture refinery in Saudi Arabia, in a further sign that the country is becoming more self-sufficient in meeting its gasoil needs.
Gasoil from the Sa
China and Indonesia are set to join Exxon Mobil's $50 billion project to develop Iraq's West Qurna-1 oilfield, company and industry sources said on Thursday.
Various scenarios for farming out Exxon's 60 percent stake i
French oil company Total will partner with US major Exxon Mobil and Kuwait's Kufpec in South Sudan to search for oil in the restive Jonglei state, a senior lawmaker in the African country said.
Sudan's 1983-2005 civil war
ExxonMobil has once again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter.
Apple's stock has been on the decline since the company's quarterly earnings re
Exxon Mobil is in the advanced stages of talks with potential buyers to take on Iraq's West Qurna 1 oilfield and there are enough appropriate candidates, the country's deputy prime minister for energy said.
Exxon Mobil has informed Iraq of its intention to sell its share in the West Qurna 1 oilfield, and Baghdad will respond to the decision by next Sunday, Iraqi oil officials said on Wednesday.
The remarks were the first official con
Iraq’s government has received a letter from Exxon Mobil saying the US oil major had frozen its deal with the country’s semi-autonomous Kurdistan region, Iraq’s Oil Minister Abdul Kareem Luaibi said.
The US company had angered Baghdad by s