HOUSTON—Exxon Mobil Corp. and Shell Plc. on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long partnership that was one of the state’s largest oil producers. The sale reflects the two companies move out of mature energy properties at a time when high…
Victoria’s Gas Supply Crisis Worsened by Government Policy
Commentary The state of Victoria has the most extensive natural gas network in Australia and the highest consumption due to cold weather and the use of gas for domestic heating. Yet the state is able to meet its own needs with gas production while supplying some gas also to Tasmania, South Australia, and New South…
Exxon Mobil Leads The Oil Sector: Have Both Peaked?
Article by Kate Stalter It’s pretty easy to find stocks in freefall these days, especially in sectors like technology and travel and leisure, but energy giant Exxon Mobil (XOM) is correcting in an orderly fashion. Before examining its current base, let’s review its performance over recent time frames: Year to date: +47.13 percent Three months: +1.58 percent One month: +2.50 percent…
Exxon Mobil Fires Back at Biden After Letter Warning Use of Emergency Powers
June 16, 2022
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Exxon Mobil fired back at President Joe Biden’s letter calling on U.S. energy producers to bring “near-term solutions” to address rising gas prices and decades-high inflation. “In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions—such as waivers of Jones Act provisions and some fuel…
ExxonMobil Fires Back at Biden After Letter Warning Use of Emergency Powers
June 16, 2022
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Business & MarketscommoditiesCompanieseconomic policiesExecutive BranchExxon Mobilgas pricesinflationMarketsPoliticsUSUS News
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The Exxon Mobil Corportation fired back at President Joe Biden’s letter calling on U.S. energy producers to bring “near-term solutions” to address rising gas prices and decades-high inflation. “In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions—such as waivers of Jones Act provisions and…
Why Exxon Mobil Looks Set For New Highs as Crude Oil Soars
Exxon Mobil Corporation gapped up almost 3 percent higher on Thursday morning but immediately ran into a group of sellers, which dropped the stock down 1.6 percent at press time. Brent crude oil prices jumped 8.99 percent to over $105 a barrel at 5 a.m. EST, after Russian troops began a full-scale invasion of Ukraine overnight. Russia’s…
Exxon Mobil Outperforming Apple? How Energy Sector Volatility Is a Two-Way Street
The energy sector is one of the few places where investors have found safety so far in 2022. While future energy stocks Plug Power Inc. and Enphase Energy Inc. are both down 16 percent year-to-date, shares of legacy oil and gas major Exxon Mobil Corp. are up 28.6 percent so far in 2022. The outperformance of energy…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’: U.S. Oil & Gas Assoc. Chief
February 14, 2022
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’ Says US Oil & Gas Assoc. Chief
February 14, 2022
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bidenConocoPhillipsdebankingeconomyEIAEnvironmentESGExxon MobilgasolineKeystone XL pipelineOilPermian BasinPolicies & ImpactsPoliticsScienceshaleshellThe Epoch Times Featured ArticlesUncategorizedUSUS NewsWall Street
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
Supreme Court Revives Oil and Gas Company Federal Appeal in Climate Change Case
May 17, 2021
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The Supreme Court on Monday has backed a bid by oil and gas companies to keep a lawsuit against them in the federal courts after a lower federal court ruled that the case should be heard in a state court. The oil and gas companies, including Shell, BP, ExxonMobil, and Chevron, had asked the nation’s…
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