ExxonMobil (XOM) news

Brazil’s 2027 pre-salt oil auction expected to generate $4.4 billion, budget document shows

Brazil’s 2027 pre-salt oil auction is projected to generate approximately $4.4 billion in revenue, according to the latest budget document released by the government. This figure reflects the continued interest in Brazil’s vast offshore oil reserves, particularly in the pre-salt layer, which has…

Venezuela output to exceed 1.5M b/d by 1H, Wright tells CNBC

U.S. Energy Secretary Chris Wright told CNBC that Venezuela’s oil production could exceed 1.5 million barrels per day by the first half of 2026, provided the country continues to stabilize and attract investment. Speaking on CNBC’s Power Lunch , Wright emphasized that the U.S. is not “stealing” oil…

Motiva, Exxon, Valero refineries in East Texas maintain power supply as storm passes nearby, sources say

Motiva, Exxon, TotalEnergies East Texas refineries production unchanged as storm approaches, sources say

Brent, US crude futures rise by more than 4% on Axios report that US is carrying strikes on Iranian targets around Strait of Hormuz

Oil prices climbed sharply on Monday as tensions in the Persian Gulf escalated following a U.S. military operation targeting Iranian assets around the Strait of Hormuz. International benchmark Brent crude futures surged nearly 6% to close at $114.44 per barrel, while WTI crude futures rose over 4%…