• XOM

Exxon Mobil, Qatar get 3-year extension to build their LNG plant in Texas

Federal regulators extend Golden Pass LNG plant deadline by three years due to construction delays and contractor bankruptcy, impacting U.S. LNG supply expansion plans.

• SHEL
• XOM

Analysis-Shell setback upsets Nigeria's quest to lure investment

Nigeria's refusal to approve Shell's $2.4 billion asset sale raises concerns about the oil sector's investment climate amidst ongoing fiscal challenges and regulatory delays.

• NG
• XOM

Nigeria approves Exxon-Seplat deal after more than two years

Nigeria has approved the $1.28 billion sale of Exxon Mobil's onshore assets to Seplat Energy, amidst ongoing challenges in the oil sector related to theft and sabotage.

• XOM

ExxonMobil-led consortium to continue seismic research for gas off Crete, says Greece

ExxonMobil's consortium advances to phase two of seismic gas exploration off Crete, having exceeded the required 2D data, now moving to 3D data collection over three years.

• ALB
• CVX
• RIO
• XOM

Analysis-Rio Tinto's real prize: Arcadium's lithium extraction technology

Rio Tinto acquires Arcadium for $6.7 billion, enhancing its lithium extraction capabilities and positioning itself against competitors in the growing DLE market for electric vehicle production.

• 1YMZ24
• CVX
• ESZ24
• NQZ24
• OXY
• XOM

Futures hold ground before key payrolls data; investors assess Middle East risks

U.S. stock futures were steady ahead of payroll data, with investors concerned about global tensions and potential Fed policy changes, while energy stocks showed gains amid rising crude prices.

• XOM

Exxon Mobil expects 3rd-quarter earnings were hit by lower oil prices

Exxon Mobil may face a $600 million to $1 billion reduction in Q3 earnings due to slumping oil prices and weaker refining margins amid global demand concerns.

• XOM

Exxon's deal with unions at Port Jerome refinery to allow job-cutting plan to move ahead

• 1YMZ24
• ESZ24
• NQZ24
• OXY
• VIX
• XOM

Futures slip ahead of jobs data; investors wary of Middle East risks

U.S. stock futures dipped as markets awaited labor data and assessed geopolitical tensions. Caution prevailed amid fears of conflict escalation, impacting investor sentiment and future rate cuts.

• CVX
• OXY
• XOM

Occidental Petroleum given "Neutral" rating by Goldman Sachs

Goldman Sachs gave Occidental Petroleum a 'Neutral' rating, noting concerns over increased debt post-CrownRock acquisition while emphasizing a focus on debt reduction going forward.