Exxon Mobil Corp. (XOM) News
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XOM News Highlights
- XOM's 30 day story count now stands at 26.
- Over the past 27 days, XOM's stories per day has been in a clear uptrend, growing by about 0.50 per 24 hours.
- DAC, META and PEAK are the most mentioned tickers in articles about XOM.
Latest XOM News From Around the Web
Below are the latest news stories about EXXON MOBIL CORP that investors may wish to consider to help them evaluate XOM as an investment opportunity.
Exxon Mobil Corp is working on developing technology for direct air capture (DAC) of carbon dioxide, and sees a clear place for it in a net-zero future, an Exxon executive said on Tuesday, but the largest U.S. oil company has no plans to invest in building electric vehicle charging stations. The company could become a major player in the nascent DAC industry if high costs come down and the technology gets to a point where it can work efficiently at scale, Matthew Crocker, senior vice president of product, strategy and new assets in Exxon's low carbon solutions business, said in an interview. Direct air capture involves extracting carbon directly from the atmosphere.
Exxon Mobil Corp. (NYSE: XOM) has started up a $2 billion expansion of its Baytown, Texas, manufacturing facility with two new chemical production units and Exxon’s entrance into a new chemical market.
(Bloomberg) -- The heads of Saudi Aramco and Exxon Mobil Corp. took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Ove
Exxon Mobil said on Tuesday it has started two new chemical production units at its Baytown, Texas refining and petrochemical complex. The company said the $2 billion expansion is part of its long-term plan to deliver higher-value products from its U.S. Gulf Coast facilities. One of the two new units is expected to produce 400,000 metric tons per year of certain polymer modifiers, utilized in automotive parts, construction materials and hygiene and personal care products.
ExxonMobil (XOM) intends to continue supplying customers with fossil fuel products to meet the ongoing demand.
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Top executives of Exxon Mobil Corp. (NYSE:XOM) and Saudi Aramco (TADAWUL:2222) (ARMCO) voiced their backing for the global transition to cleaner energy forms, while emphasizing the lasting significance of oil in the energy sector for the foreseeable future. The statements were made on Monday at the World Petroleum Congress held in Calgary.
Investors may be wondering if it's time to buy stock in oil conglomerates Chevron (CVX) and Exxon Mobil (XOM) as more analysts see the possibility of crude prices topping $100 a barrel.
These are three oil stocks to buy if you want to make the most of the economic recovery and a subsequent improvement in oil prices.
Exxon Mobil (XOM) closed at $117.64 in the latest trading session, marking a +0.81% move from the prior day.