ExxonMobil (NYSE:XOM) has agreed a purchase agreement with Eni (BIT:ENI) which will see the US oil major take a 25% interest in a gas-rich area off the coast of Mozambique. The deal for the stake in the offshore Area 4 block includes a cash fee of...
ExxonMobil (NYSE:XOM) announced reduced earnings for FY16 of US$7.8 billion compared with 2015 in its latest figures. The US oil company’s earning were almost half the $16.2 billion reported a year earlier, Exxon said it was a result of lower commodity prices and refining margins. Fourth quarter...
American oil major ExxonMobil (NYSE:XOM) has announced it will more than double its oil reserves in the Permian Basin following a US$5.6 billion acquisition of companies owned by the Bass family of Fort Worth, Texas. The Delaware Basin, an oil-rich area of the Permian Basin, located...