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ExxonMobil

Read all the latest news about ExxonMobil. ShippingWatch gives you independent, credible, critical and fair news.

Global oil majors squash low oil price and accelerate earnings

Rising energy prices and intense focus on trimming costs boosted many oil companies above analyst expectations in their Q2 interim reports released last Thursday and Friday. However, even oil execs are starting to turn away from fossil fuels and drive electric cars.

ExxonMobil maintains massive investments in the US

The new CEO of US oil company ExxonMobil, who took over the position from the current US Secretary of State, Rex Tillerson, will continue to invest billions in the Gulf of Mexico in both new and existing refineries.

Trump's secretary of state will sell ExxonMobil shares

Donald Trump's choice for US secretary of state, Rex Tillerson, plans to sell out of his shares in the oil company ExxonMobil if he is approved for the job. Until the turn of the year, Tillerson was CEO of the company and he has been criticized for his close ties to Russia.

Trump officially picks oil CEO as Secretary of State

After several days of rumors, Donald Trump has now officially appointed Rex Tillerson, CEO in ExxonMobil, as his new Secretary of State. Several significant politicians from both major US parties have expressed concerns over the new top diplomat's close relationship to Vladimir Putin.

ExxonMobil is being probed by authorities

US authorities will now investigate why assets at the country's largest oil company, ExxonMobil, are apparently the only ones in the industry not to decrease in value, as well as how the company accounts for the impact of climate change.

ExxonMobil presented devastating results

With a drop in earnings of USD 2.5 billion, the largest oil company in the Western world delivered its worst financial result since the merger between Exxon and Mobil.

Bunker industry hesitates with LNG

Uncertainty about the market has bunker companies holding back with LNG investments. It will take a political thrust or a high oil price before things become really interesting for the industry. ShippingWatch has interviewed ExxonMobil and IBIA about the potential of the new fuel.

ExxonMobil: Flow meter is the black box of bunkering

Now that Singapore will make it a legal requirement to use mass flow meters when bunkering at the port, ExxonMobil has also implemented the practice on its bunker deliveries in Hong Kong, ExxonMobil's Regional Sales Manager tells ShippingWatch.

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