Standard Oil

Petrolina has successfully acquired ExxonMobil Cyprus Limited, the company behind the Esso brand in Cyprus, for 48.6 million euros. This deal, which was finalized on Wednesday through PHL's fully owned subsidiary, Med Energywise, marks a significant expansion for Petrolina in the local oil market.

ExxonMobil predicts that oil demand will be virtually unchanged in 2050 compared to current levels, an estimate that contrasts dramatically with most assumptions of other energy sector players.

ExxonMobil has intensified contacts with the Greek government to ensure the smooth implementation of the program

ExxonMobil has settled a long-running lawsuit brought by Indonesian villagers who alleged human rights violations by Indonesian military officials providing security to the oil giant.

The two sides agreed to resolve "all matters," said a joint filing from the opposing counsel that did not disclose terms of the agreement.

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ExxonMobil reported record annual profits of $55.7 billion in 2022 on Jan. 31, reflecting higher commodity prices amid recovering demand and the impacts of Russia's invasion of Ukraine.

In the fourth quarter, profits rose 43.7 percent to $12.8 billion, thanks to higher oil and natural gas prices and better refining margins compared with the year-ago period.

Τhe seismic data ExxonMobil's Sanco Swift research vessel has collected so far offer clear indications of the existence of an important hydrocarbon field in the area south of Crete.

Seismic data obtained so far by the Sanco Swift, the Norwegian exploration vessel leased by ExxonMobil, southwest of the island of Crete, allegedly point to the existence of large natural gas deposits in the area.

Global oil and gas discoveries in 2019 of 12.2 billion barrels of oil equivalent (boe) represents the highest volumes since 2015, according to Rystad Energy's data on Jan. 9.

Headquartered in Norway, Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry.

The announcement on Thursday that US energy giant ExxonMobil has made a "world-class" discovery in Block 10 of Cyprus's exclusive economic zone (EEZ), containing 5-8 trillion cubic feet of gas, was widely seen as signifying that the energy game in the Eastern Mediterranean has only just begun and the main players' next moves will determine their future geopolitical position in the wider region.

Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.