Exxon

Exxon Mobil’s 18-24 Month Strategy with Pioneer Raises Eyebrows – Bloomberg

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Houston, Texas – Exxon Mobil has announced plans to take 18-24 months to fully integrate its recent acquisition of Pioneer Natural Resources. The deal, valued at $60 billion, marks a significant move for the American oil giant. The acquisition has drawn attention as American oil tycoon is accused of attempting to collude with OPEC to inflate prices. This alleged conspiracy has raised concerns within the industry and among regulators. In response to the acquisition, the …

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Oil CEO Accused of Colluding with OPEC to Jack Up Prices Agrees to $60 Billion Deal with Exxon – Shocking Details Inside!

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Houston, Texas – The former CEO of Pioneer Natural Resources, Scott Sheffield, has been accused by federal regulators of attempting to collude with OPEC and its allies to manipulate oil prices. The Federal Trade Commission alleged that Sheffield engaged in discussions with OPEC officials regarding pricing, production, and oil market dynamics. These communications reportedly aimed to synchronize oil production in the Permian Basin with that of OPEC and OPEC+, the broader group that includes Russia. …

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Shell Crushes Expectations with $7.7 Billion First Quarter Profit, Outperforming Oil Giants like Exxon and Chevron

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Radstock, England – Oil giant Shell reported stronger-than-expected first-quarter profits on Thursday, attributing the growth to higher refining margins and robust oil trading. The company’s adjusted earnings of $7.7 billion exceeded analyst expectations of $6.5 billion for the first three months of the year, according to an LSEG-compiled consensus. Despite the positive results, Shell’s first-quarter profit saw a decline of roughly 20% compared to the same period a year earlier, aligning with a broader trend …

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Oil Giants Exxon and Chevron Shares Drop Despite Strong Production Growth: Learn Why!

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Houston, Texas – Two major oil companies, Exxon Mobil Corp. and Chevron Corp., recently reported underwhelming first-quarter performances despite significant production gains in key oil projects in Guyana and the Permian Basin. Exxon’s stock dropped by as much as 3.5% while Chevron’s fell by 0.7% on Friday, even as crude oil prices increased. Exxon’s adjusted per-share profit fell short by 13 cents due to higher costs related to refinery maintenance and various accounting charges. On …

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Exxon Slashes Earnings: Is It Game Over for Big Oil?

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New York City, New York – Exxon Mobil, the nation’s largest oil company, reported a decrease in net income for the first quarter of 2024. The company’s earnings per share were $2.06, a 28% decrease from the previous year. Despite the increase in oil and gasoline prices this year, Exxon faced challenges in its fuel business due to lower refining margins and plummeting natural gas prices. The company’s revenue for the quarter came in at …

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**Exxon Uncovered**: CEO Claims Consumers at Fault for Climate Crisis, Experts Disagree

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Houston, Texas – ExxonMobil’s chief executive, Darren Woods, has sparked controversy by shifting blame onto consumers for the world’s failure to meet climate goals. In a recent interview, Woods claimed that the clean-energy transition might be too costly for consumers to bear, deflecting responsibility away from big oil companies like Exxon, one of the world’s largest contributor to greenhouse gas emissions. Despite mounting pressure from climate experts and activists, Woods insisted that the primary obstacle …

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