Exxon to Exit Equatorial Guinea

(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters.  The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →

Exxon’s record-smashing Q3 profit

(Reuters) - Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fuelled a record-breaking quarterly profit, nearly matching that of tech giant Apple. Its $19.66 billion third-quarter net profit far exceeded recently raised Wall Street forecasts as sky-rocketing natural gas and high oil prices put its earnings within reach of Apple's $20.7 billion net... Continue Reading →

TotalEnergies Clocks $9.9B Profit in Q3

(Reuters) TotalEnergies posted a sharp jump in its third-quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment.  TotalEnergies' third-quarter adjusted net income stood at $9.86 billion. That compared with $4.77... Continue Reading →

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