XOM Stock Recent News
XOM LATEST HEADLINES
The AI boom is driving a massive increase in electricity demand, particularly from data centers, which is expected to significantly increase natural gas consumption in the United States in the coming years.
Russian President Vladimir Putin on Friday signed a decree that could allow foreign investors, including top U.S. oil major Exxon Mobil , to regain shares in the Sakhalin-1 oil and gas project.
XOM targets $30B in low-carbon investments, CCS leadership, and lithium supply to power its 2050 net-zero vision.
XOM secures full control of a vast Trinidad deepwater block, eyeing up to $21.7B investment if reserves prove significant.
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Geopolitical tensions don't stop at the current trade tariff negotiations between the United States and its major trading partners; other complications are now brewing in the energy markets as well. New measures have been implemented to prevent countries from purchasing oil from Russia in an effort to de-escalate the ongoing war with Ukraine.
Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the energy major finds reserves in a large deepwater area it plans to explore for oil and gas in the Caribbean country, energy minister Roodal Moonilal said.
Dividend Kings are the most durable dividend stocks, having increased their payouts annually for at least 50 consecutive years. This resilience is impressive, as they've weathered at least seven recessions in that time.
XOM starts production at Yellowtail with its largest FPSO, One Guyana, boosting Stabroek Block capacity to over 900,000 barrels a day.
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