Pioneer Natural Resources, previously the largest independent energy company based in the region, repaid millions in ...

He led the business’s growth into an industry behemoth. In late 2023, Sheffield oversaw the sale of Pioneer to ExxonMobil for $64.5 billion. Shortly after announcing the deal, he appeared on ...

Exxon reported $34B in earnings and $55B in operating cash flow in 2024, maintaining a 15% five-year average ROCE. See why I ...

Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it ...

While Exxon Mobil seems to be in a sweet spot as it prepares to announce its fourth-quarter earnings on Friday, investors have their doubts. On the positive side is that the Trump administration ...

Exxon Mobil's Q4 earnings hit $7.61 billion, fueled by advantaged assets in the Permian Basin and Guyana, with production set ...

In addition to its traditional upstream and downstream energy operations, XOM is entering the lithium market, a major ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

That investment will grow output from its highest-margin assets, which will increase its earnings and free cash flow. Exxon also plans to deliver a cumulative $18 billion in cost savings by the end of ...

ExxonMobil earned just $4.03 billion in worldwide earnings in its energy products segment compared to $12.14 billion in 2023.

Fallout continues from Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources Co., previously the largest energy company based in Dallas-Fort Worth. Learn more about the recent decision to ...