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Walmart tops Fortune Global 500 list for 2023, Saudi Aramco most profitable company ever Fortune announced that US retailer Walmart has topped its Global 500 list for 2023, ranking the world's largest corporations by revenue for fiscal 2022. On Fortune's authoritative ranking of the (current) corporate world order, the Arkansas-based retailer claimed No. 1 for the 10th consecutive year and for the 18th time since 1995. Walmart joins a spike in the number of US companies on the Global 500 this year, reaching its highest total since 2010 at 136 companies, which is als...
Walmart tops Fortune Global 500 list for 2023, Saudi Aramco most profitable company ever
Walmart tops Fortune Global 500 list for 2023, Saudi Aramco most profitable company ever
Source: IANS
3/08/2023 10:15:52 AM
Indian, European oil firms evaluating bids for Guyana blocks Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon Mobil Corp-led consortium that now controls all production. The Exxon group has outlined plans to install at least seven vessels to tap mo...
Indian, European oil firms evaluating bids for Guyana blocks
Indian, European oil firms evaluating bids for Guyana blocks
Source: Reuters
17/01/2023 9:17:24 AM
Chevron, Exxon and Total keen to invest in India NEW DELHI - Global energy majors Chevron Corp, Exxon Mobil Corp and TotalEnergies are interested in investing in India's oil and gas exploration and production sector, India's oil minister, Hardeep Singh Puri, said in a speech on Friday.
Chevron, Exxon and Total keen to invest in India
Chevron, Exxon and Total keen to invest in India
Source: Reuters
13/01/2023 2:29:29 PM
India`s ONGC applies to retain 20% in Russia`s Sakhalin-1- source India's Oil and Natural Gas Corp has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said. Russia has established a new entity, managed by a Rosneft subsidiary, that owns investor's rights in Sakhalin 1 after the exit of previous operator ExxonMobil. Moscow gave the state-run company the authority to decide whether foreign shareholders can retain their participation. &quo...
India`s ONGC applies to retain 20% in Russia`s Sakhalin-1- source
India`s ONGC applies to retain 20% in Russia`s Sakhalin-1- source
Source: Reuters
8/11/2022 9:49:31 AM
European stocks hit six-week high on hopes for rate hike slowdown SOURCE: Media European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares opened higher, as investor focus shifted to the U.S. Federal Reserve's rate decision on Wednesday and the Bank of England meeting on Thursday. At 1153 GMT, the MSCI worl...
European stocks hit six-week high on hopes for rate hike slowdown SOURCE: Media
European stocks hit six-week high on hopes for rate hike slowdown SOURCE: Media
Source: Reuters
1/11/2022 7:14:10 PM
Oil slips on China COVID curbs, weak factory activity data Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7%, to $95.14 a barrel by 0420 GMT, after slipping 1.2% on Friday. U.S. West Texas Intermediate (WTI) crude was at $87.43 a barrel, down 47 cents, or 0.5%, after settling down 1.3% on Friday. "The purchasing managers' index (PMI) data contracting adds to the post-China congress ...
Oil slips on China COVID curbs, weak factory activity data
Oil slips on China COVID curbs, weak factory activity data
Source: Reuters
31/10/2022 9:28:43 AM
Big oil`s Q2 profits hit record $50 billion - with BP yet to come  Big Oil has never had it so good, and its immediate priority is rewarding shareholders. The world's largest energy companies, including TotalEnergies, Exxon Mobil and Chevron are ramping up buyback programmes despite criticism that they are not moving swiftly enough to increase oil and gas output as high fuel prices pinch consumers worldwide. Exxon Mobil, Chevron, Shell and TotalEnergies produced a combined profit of $51 billion, with Exxon topping the pile at $18 billion. ...
Big oil`s Q2 profits hit record $50 billion - with BP yet to come
Big oil`s Q2 profits hit record $50 billion - with BP yet to come
Source: Reuters
30/07/2022 9:37:51 AM
Exxon posts record-breaking second-quarter profit Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending. The top U.S. oil producer reported second-quarter net income of $17.9 billion, or $4.21 per share, an almost four-fold increase over the $4.69 billion, or $1.10 per share, it earned in the same period last year. Oil and natural gas prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeezed an alre...
Exxon posts record-breaking second-quarter profit
Exxon posts record-breaking second-quarter profit
Source: Reuters
29/07/2022 4:36:42 PM
Exxon eyes more long-term gas supply deals with India NEW DELHI - Global energy major ExxonMobil is looking at signing more long-term gas sales deals with India as rising spot prices have added to the appeal of longer duration contracts. "We're certainly happy to work with our friends and partners in India to sign the kind of long-term contracts that allow a large part of the energy demand to be de risked from a price perspective," said Monte Dobson, CEO, ExxonMobil Gas (India). At present Exxon has a long-term contract to an...
Exxon eyes more long-term gas supply deals with India
Exxon eyes more long-term gas supply deals with India
Source: Reuters
4/02/2022 4:55:33 PM
Exclusive-Shell plans to exit California joint venture with Exxon Mobil -sources Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it shifts new investments to renewables and power. The company is also considering a sale of its assets in the...
Exclusive-Shell plans to exit California joint venture with Exxon Mobil -sources
Exclusive-Shell plans to exit California joint venture with Exxon Mobil -sources
Source: Reuters
1/07/2021 10:08:49 AM
Exxon Mobil begins lockout of workers from Texas plant - USW official  Exxon Mobil Corp began escorting United Steelworkers (USW) union members from its Beaumont, Texas, complex, a Reuters witness said, as a deadline passed without a new labor contract. The oil company had set a 10 a.m. (1500 GMT) May 1 deadline to lock out and replace union-represented workers with managers and temporary staff if there were no vote on a company proposal. No vote was taken. Plant manager Rozena Dendy said in a Facebook post Exxon initiated the lockout because of the ...
Exxon Mobil begins lockout of workers from Texas plant - USW official
Exxon Mobil begins lockout of workers from Texas plant - USW official
Source: Reuters
2/05/2021 9:28:35 AM
Exxon floats $100 billion carbon storage project requiring public, private financing HOUSTON - Exxon Mobil on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico. The plan would require "$100 billion or more" from companies and government agencies to store 50 million metric tons of CO2 by 2030, with capacity potentially doubling by 2040, Joe Blommaert, president of Exxon's Low Carbon Solutions business, sai...
Exxon floats $100 billion carbon storage project requiring public, private financing
Exxon floats $100 billion carbon storage project requiring public, private financing
Source: Reuters
20/04/2021 10:14:54 AM
Exxon to cut 7% of Singapore workforce amid 'unprecedented market conditions' SINGAPORE - Exxon Mobil Corp plans to cut its workforce in Singapore, home to its largest oil refining and petrochemical complex, by about 7% amid the "unprecedented market conditions" resulting from the COVID-19 pandemic, it said on Wednesday. About 300 positions out of 4,000 current jobs will be impacted by the end of 2021, the company said in a statement. The Singapore layoffs come weeks after Exxon announced its plan to close its 72-year-old Altona refinery in Austral...
Exxon to cut 7% of Singapore workforce amid 'unprecedented market conditions'
Exxon to cut 7% of Singapore workforce amid 'unprecedented market conditions'
Source: Reuters
3/03/2021 10:22:16 AM
Exxon Mobil's total reserves drop by a third after COVID-19 oil price drop Exxon Mobil Corp's global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic slammed global oil prices and demand, the company said on Wednesday. The largest U.S. oil producer is reeling from the sharp decline in oil demand and a series of bad bets on projects when prices were much higher. It slashed project spending by a third last year, cut jobs and added to debt to cover its dividend. Exxon's reserves are at their lowest since the merger between Exxon ...
Exxon Mobil's total reserves drop by a third after COVID-19 oil price drop
Exxon Mobil's total reserves drop by a third after COVID-19 oil price drop
Source: Reuters
25/02/2021 12:59:44 PM