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exxon mobil

Exxon Mobil's Beaumont refinery (Jake Daniels/The Enterprise)

Exxon to boost Beaumont refinery output by 20,000 barrels

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Exxon Mobil said the addition of another 20,000 barrels per day of capacity would be geared toward processing the types of lighter crude oils that are flowing from Texas’ and North Dakota’s shale wells.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
Categories: Crude oil
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

New offshore safety rules would make drilling some wells too difficult, industry lobbyists tell White House

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More than a dozen oil companies and drilling contractors joined leading industry trade groups in pushing back against proposed federal mandates for offshore wells they say would make some impossible to drill. The proposed requirements were spurred by the Deepwater Horizon disaster.
A worker from Oceanografia SA walks down a set of stairs on a section of the Petroleos Mexicanos (Pemex) Pol-A Platform complex, located on the continental shelf in the Gulf of Mexico, 70 kilometers offshore from Ciudad del Carmen, Mexico, on Friday, March 28, 2014. "Production is stable and we foresee production reaching our target levels above 2.5 million barrels per day,? Pemex chief executive officer Emilio Lozoya said in an interview last week. Photographer: Susana Gonzalez/Bloomberg

Oil majors shun Mexico offshore auction as blocks go unsold

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Exxon Mobil Corp., Chevron Corp. and Total SA all passed on the first 14 shallow-water oil blocks auctioned by Mexico today in the country’s first-ever sale of territory in the Gulf of Mexico. Only one of Mexico’s first five oil blocks auctioned received a qualifying bid.
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Bidding for Mexico’s Gulf blocks to open Wednesday, with Exxon, Chevron among interested U.S. companies

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The auction is intended to hand up to 14 offshore Gulf of Mexico blocks to private companies in exchange for a cut of the oil they may find and produce in the regions.
Jacobs Engineering has space in the Woodbranch Plaza in Houston's Energy Corridor, as well as in other areas.

Jacobs Engineering taps new external CEO

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The engineering and contracting giant, which focuses on the energy sector and more, employs about 66,000 globally, including about 2,700 in the Houston area.
(Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images)

Judge weighs whether environmentalists can join Exxon case

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The latest in the 11-year-old case between the Department of Environmental Protection and the petroleum company came Friday when Judge Michael Hogan heard roughly two hours of arguments from a coalition of seven environmental groups and state Sen. Raymond Lesniak on why they should be granted status as parties to the suit.
(Paul O'Driscoll/Bloomberg News)

Despite commodities collapse, oil and gas companies still dominate Fortune’s Global 500 list

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Royal Dutch Shell fell to No. 2 on the list after a year of falling oil prices, with mega-retailer Walmart claiming No. 1 after seeing sales at its international locations jump.
Low clouds blanket Anchorage, Alaska, east of downtown, on Friday morning, December 7, 2012. An optical illusion known as Fata Morgana distorts the view of the mountains west of Cook Inlet. Alternating warm and cold layers of air bend light to create the effect. (Marc Lester/Anchorage Daily News/MCT)

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

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The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.