Tuesday, September 29th, 2020
Home » Tag Archives: Exxon Mobil

Tag Archives: Exxon Mobil

Exclusive: Exxon downsizes global empire as Wall Street frets about dividend

An Exxon sign is seen at a gas station

REUTERS, SEPTEMBER 8, 2020 HOUSTON (Reuters) – Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects. Wall Street investors are even starting to …

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Greenpeace: Clean up your mess, Shell!

By Ron Bousso LONDON, Oct 14 (Reuters) – Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the giant structures in place after production shuts down. Pictures provided by Greenpeace show two people in yellow hats scaling one of giant two large, rusty structures and …

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The $30 Billion Exodus: Foreign Oil Firms Bail on Canada

Oil refineries in Canada's oil sand patch in Alberta

PortandTerminal.com, August 26, 2019 August 26, 2019 – Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. CALGARY, CANADA (Bloomberg)- Pembina Pipeline Corp., based in Calgary, is snapping up Kinder’s Canadian assets and …

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Exxon to invest $2B into Houston area petrochemical expansion

Photo of Baytown petrochemical plant

PortandTerminal.com, May 4, 2019 Exxon Mobil will invest $2 billion into expanding its Baytown chemical complex. The company says that the project is an add-on to its $20-billion-plus “Growing the Gulf” series of projects to build and expand manufacturing facilities along the U.S. Gulf Coast. Houston, TX – Located about 25 miles from Houston along the Houston Ship Channel, Exxon’s Baytown …

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