Guyana’s Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Hess Corp, and CNOOC of China.

With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital ...

Exxon Mobil Corp. will keep its capital allocation plans intact even if oil declines toward $50 a barrel, Chief Executive Officer Darren Woods said.

Commodities Corner Bets oil will hit $100 a barrel surge on fears of wider Middle Eastern war Short-dated call options are an ‘inexpensive way to play a worst-case scenario’ for oil ...

Thanks to Walmart’s huge sale on nearly every piece from the bestselling, shopper-loved kitchen brand Carote, you can swap out your old cookware, knives, and more for up to 57 p ...

Oil futures extended gains to recover “Liberation Day” levels as the U.S. and China ... The international oil benchmark rises 1.9% to $68.16 a barrel, while the U.S. oil gauge gains 2.3% to ...

The country’s cache of oil now stands at 401.8 million barrels. That is up about 16%, or 55 million barrels, from the July 2023 nadir, ...

Battle of oil titans Chevron and Exxon over Guyana oil project could impact top energy ETFs. M&A, arbitration, ... The Stakes: Oil, Ego — And An 11 Billion Barrel Bonanza.

ExxonMobil Corp. (XOM) CEO Darren Woods said on Wednesday that the company will maintain its capital allocation plans even if oil prices decline to $50 a barrel. The company’s stock edged 0.7% ...

This means that despite the near 30% drop in global crude benchmark Brent futures between mid-January and the low so far this year of $58.50 a barrel on May 5, Asia's demand for oil hasn't increased.

Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two OPEC+ delegates told CNBC, continuing a rapid unwinding of voluntary ...