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Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural

Exxon Mobil is purchasing Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its greatest buyout since obtaining Mobil 20 years in...

Exxon Scientists Predicted Global Warming, Even as Company Cast Doubts, Study Finds

In the late Nineteen Seventies, scientists at Exxon fitted one of many firm’s supertankers with state-of-the-art gear to measure carbon dioxide within the ocean...

Shell, Exxon face delays in exiting California oilfield

German asset supervisor IKAV in September agreed to pay $4 billion for Aera Energy, a Shell-Exxon enterprise that produces practically 25% of California's...

Exxon faces $2 billion loss on sale of troubled California oil properties

The sale comes after a failed bid this 12 months to restart manufacturing on the website and as Exxon culls poor performing companies....

Exxon, Shell sell California oil joint venture to asset manager IKAV

The sale displays the 2 firms transfer out of mature power properties at a time when excessive oil and gasoline costs favor new...

Oil company profits soar as gas prices did, Exxon report says

On Friday, Exxon Mobil booked an unprecedented $17.85 billion revenue for the second quarter and Chevron made a file $11.62 billion. ...

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