About our ExxonMobil news
Latest news on ExxonMobil (NYSE: XOM), covering oil production, energy markets, financial performance and corporate strategy from the global petroleum giant.
ExxonMobil, formed by the 1999 merger of Exxon and Mobil, stands as one of the world's largest publicly traded energy companies. With operations spanning oil and gas exploration, production, refining, and chemical manufacturing across six continents, the company maintains a significant presence in global energy markets, with a market capitalisation exceeding $400 billion.
The company continues to adapt its strategy amid global energy transition challenges, balancing traditional oil and gas operations with investments in lower-carbon technologies. Recent developments include significant acquisitions in the Permian Basin, expansion of liquefied natural gas (LNG) capacity, and research into carbon capture technology. ExxonMobil regularly provides updates on production volumes, drilling activities, and quarterly financial performance that influence global energy markets.
Beyond its core operations, ExxonMobil plays a crucial role in global energy security and infrastructure development. The company maintains extensive refining and distribution networks, while its chemical division produces essential materials for manufacturing and consumer goods. Environmental groups and investors closely monitor its approach to climate change and sustainability commitments, including targets for reducing greenhouse gas emissions.
The company's history traces back to John D. Rockefeller's Standard Oil Company, established in 1870. Through decades of technological innovation, strategic mergers, and global expansion, ExxonMobil has evolved from a regional kerosene distributor into an integrated energy corporation. Its research and development efforts have pioneered numerous advances in energy technology, from deepwater drilling techniques to advanced lubricants.
Our NewsNow feed delivers comprehensive coverage of ExxonMobil's activities, from quarterly earnings and operational updates to energy market analysis and corporate developments. Whether you're tracking stock performance, energy production data, or strategic initiatives, our constantly updated feed ensures you stay informed about this influential player in global energy markets.