Published 2 months ago • loading... • Updated 2 months ago

Exxon to boost oil production despite global slowdown

ExxonMobil is increasing oil production despite a global slowdown, aiming to boost its future position.
The company believes this strategy will help it respond to rising demand in the market.
Analysts suggest that this move could lead to growth in Exxon's market share.
Global oil demand continues to recover, prompting Exxon to enhance its production capacity.

Insights by Ground AI

Does this summary seem wrong?

53 Articles

All

Left

Center

Right

CTV News

+21 Reposted by 21 other sources

Suncor to increase oil and gas output by up to five per cent in 2025

Suncor Energy Inc. is aiming to increase its oil output next year by up to five per cent, as it continues to work to improve its performance and lower costs from its oilsands assets.

2 months ago·Canada

Read Full Article

Newser

Exxon 'Getting Into the Power Business'

Exxon Mobil currently runs gas power plants in Texas, Louisiana, and Illinois to power its own operations. The plant it's planning next will be its first to supply electricity to others: specifically, data centers, and soon. The New York Times reports America's biggest oil and gas company is "get[ting] into...

2 months ago·Miami, United States

Exxon to Increase Oil Production by 18% By 2030

U.S. oil and gas giant Exxon Mobil Corp. (NYSE:XOM) has unveiled plans to increase spending to $28-$33 billion annually with a goal of lifting oil and gas output by 18% by 2030. Exxon has set a target to increase overall oil and gas output to 5.4 million bpd by 2030, up about 18% from 4.58 million bpd currently. According to Exxon CEO Darren Woods, the increased project spending is expected "to generate returns of more than 30% over the life of …

2 months ago·London, United Kingdom

Read Full Article

Financial Times

Exxon cranks up oil output despite fears of supply glut

Energy supermajor’s bet on production comes after US rival Chevron announced cut to capital expenditure

2 months ago·London, United Kingdom

Read Full Article

Semafor

Exxon to boost oil production despite global slowdown

ExxonMobil plans to boost its oil production between now and 2030 to among the highest levels in the company’s history, despite signs of a glut in the global oil market.

2 months ago·New York, United States

Read Full Article

Seeking Alpha

2024 Midstream M&A Recap: Permian & Gas In Focus

The energy infrastructure space has seen significant M&A activity in 2024. Many of the transactions have been concentrated in the Permian basin or focused on natural gas assets.

2 months ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year