Exxon Mobil

Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to Exxon Mobil is completed, but the top brass will walk away with bumper payouts that were sweetened further earlier this year.…

President Muhammadu Buhari has approved the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited. The approval came after the initial rejection of the acquisition by the federal government…

The Senate, on Wednesday, demanded $200 million refunds from Shell Petroleum Development Company (SPDC) to the Federal government over an alleged violation of the Petroleum Act and also, a breach of the Joint venture agreement with the…

Exxon Mobil said Thursday it will eliminate 1,900 US jobs as part of a global cost-cutting drive that will shrink its global workforce by about 15 percent over the next two years. The US oil giant said the hit from the coronavirus…

TAYO ELEGBEDE Exxon Mobil Corp on Wednesday announced a voluntary lay-off programme in Australia. Exxon Mobil, according to a Reuters report, is also considering possible job cuts globally. The company says it has completed a…

 As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top…

A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure on the sector’s…

Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment for healthcare workers dealing with the coronavirus pandemic. Sony joins a…

The Nigerian National Petroleum Corporation (NNPC)  has delayed publishing its future oil export plans in order to conclude discussions with International Oil Companies (IOCs) and their local counterparts about how to cut output in line…

Exxon Mobil is quitting a suite of oil and gas fields in Nigeria as it switches focus on new developments in U.S. shale and Guyana, industry and banking sources told Reuters. Those to be disposed are expected to include stakes…