IF Insights: Oil giants see Iran war windfall, bill lands somewhere else
Exxon, Chevron, Shell, BP and TotalEnergies earned close to USD 47 billion in the Q2 2026. Almost none of it came from doing anything new....
Tag : Exxon
Exxon’s net income falls to five-year low as Iran war affects output
About 20% of Exxon's oil and gas production is situated in the Middle East, making it the most affected among the global energy players...
Chevron, Exxon expect windfall due to higher crude prices
Chevron is now expecting a USD 1.6 billion boost to USD 2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025...
Exxon and QatarEnergy’s joint venture produces first LNG at Texas facility
The development gives a major breather to QatarEnergy, which has been compelled to declare force majeure on its production activities due to the Iran war...
Can US energy sector go “Drill, Baby, Drill?”
Energy majors in the US have spent large amounts in increasing their oil and gas production in recent years...
Business Leader of the Week: Darren Woods-led Exxon sets aggressive production benchmarks
Exxon Mobil Corporation elected Darren Woods as its senior vice president in 2014...
Exxon makes new discovery at Whiptail in the Stabroek Block offshore Guyana
The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery...
Iraq to finalise sale of Exxon’s stake in the West Qurna-1 oil field by June
Exxon to sell its 32.7% stake in the oilfield...
Iraq in talks to build crude oil storage facilities in China
The recent developments are part of Iraq’s plan to boost oil sales in Asia...
China’s CNOOC to raise capex to 7-year high
This is attributed to a 5% increase in domestic output...