ExxonMobil
American multinational oil and gas corporation
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business Mar 10, 2026, 1:01 PM
ExxonMobil moves legal home to Texas for business benefits - ExxonMobil intends to shift its legal domicile from New Jersey to Texas, citing the favorable business climate.
- The board unanimously recommended this change following ongoing tensions with activist investors focused on climate issues.
- If shareholders approve, the move may position Texas as a key environment for similar corporate migrations.
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business Feb 3, 2026, 2:44 PM
ExxonMobil ends production at Mossmorran plant early amid job risks - ExxonMobil announced the permanent shutdown of the Fife Ethylene Plant, effective February 2.
- The plant's closure was due to its financial non-viability, putting around 400 jobs at risk.
- The Unite trade union condemned the early closure as a betrayal of workers and detrimental to the local community.
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business Jan 30, 2026, 1:11 PM
Exxon Mobil posts strong quarterly profit amidst solid production - Exxon Mobil reported an adjusted profit of $6.5 billion for the fourth quarter of 2025.
- Chevron is developing off-grid energy parks to mitigate energy costs for consumers amidst rising demand from AI.
- The success seen by Exxon Mobil illustrates the company's strong position in the changing energy market.
200
business Jan 28, 2026, 9:20 AM
Mossmorran plant closure threatens over 400 jobs - The Mossmorran plant closure by ExxonMobil will jeopardize over 400 jobs.
- A task force led by Fife Council is formed to support the affected workforce.
- The Scottish Government has pledged £9 million over three years to aid workers impacted by the closure.
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business Jan 12, 2026, 9:07 AM
Trump threatens ExxonMobil's future in Venezuela over CEO's comments - President Donald Trump criticized ExxonMobil's CEO for calling Venezuela 'uninvestable',
- The Trump administration has taken aggressive actions to seize vessels associated with Venezuela's oil trade,
- These actions are part of a broader strategy to alter the dynamics of oil control in Venezuela.
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business Jan 4, 2026, 12:11 PM
Chevron stays in Venezuela as Trump encourages U.S. energy firms to invest billions - Chevron is currently the only U.S. oil company operating in Venezuela amid uncertainties regarding other firms' return.
- The Trump administration believes there's potential for U.S. energy firms to invest heavily in revitalizing Venezuela's oil infrastructure.
- The overall sentiment is that without significant governance changes, the sanctions on Venezuela's oil will remain enforced, thus limiting international investment.
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business Dec 17, 2025, 5:18 PM
ExxonMobil announces closure of Mossmorran plant as no viable buyers found - ExxonMobil has confirmed that the Mossmorran plant in Fife will close in February 2026.
- More than 400 local jobs are at risk due to the closure, with no viable offers for buying the plant.
- The company remains open to discussions for other potential uses of the site.
100
business Dec 16, 2025, 11:53 AM
Singapore embraces sustainable energy manufacturing with ExxonMobil partnership - DPM Gan Kim Yong announced Singapore's commitment to high-value, low-carbon energy manufacturing during the opening of ExxonMobil's new facility.
- ExxonMobil's Resid Upgrade Project will increase production capacity and contribute significantly to Singapore's manufacturing output.
- This initiative marks a step forward in Singapore's industry adaptation towards sustainable practices and a robust partnership with ExxonMobil.
100
business Nov 18, 2025, 1:14 PM
ExxonMobil confirms closure of Fife Ethylene Plant, hundreds of jobs at risk - ExxonMobil has announced the upcoming closure of its Fife Ethylene Plant, affecting hundreds of jobs.
- The announcement has raised concerns among local politicians and communities regarding economic stability.
- Immediate government intervention is sought to mitigate the impact of the plant's closure.
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2026 All rights reserved
2026 All rights reserved