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…

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…

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 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…

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…

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…

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…

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…

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…

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…