Lotte Chemical, an ambitious South Korean company, is counting on mergers and acquisitions to help them expand during the coronavirus outbreak.

Lotte Group chairman Shin Dong-bin had been pursuing an ambitious plan to triple the conglomerate's revenue from its chemicals business over a 10-year period, putting it in competition with the likes of Dow and ExxonMobil Chemical, after years of turmoil punctuated by a family feud and a brie...

As revenues grow, ExxonMobil and Chevron pour cash at investors

Both corporations have avoided having to boost their capital investment to fund drilling and development.

Despite reduced oil and natural gas volumes, ExxonMobil and Chevron declared record earnings on Friday, returning billions of dollars to shareholders following record crude prices a...

ExxonMobil Increasing Oil and Gas Projects in Singapore

Last week, oil and gas company, ExxonMobil, announced that it was adding two more discoveries of oil and gas to the Stabroek block.

The energy major has said that the first well, the Fangtooth-1, was drilled in 6,030 feet of the sea and had found 164 feet of sandstone reservoirs that bo...

ESG Investor Group Again Slam Exxon for Meeting Emissions Goals by 2025

A group called Coalition for a Responsible Exxon (CURE) of the ESG Investor Groups attack ExxonMobil for not doing its best to meet the target of reduced emissions by 2025 whereas the company has already adopted a plan to do so.

ExxonMobil invested 15 billion dollars in green initiative...

THE U.S. APPROVES $1.5 BILLION POLITICAL RISK INSURANCE FOR MOZAMBIQUE GAS PROJECT

Highlights

• According to the statement issued by the embassy, the United States International Development Finance Corporation (DFC) has decided to provide up to $1.5 billion in political risk insurance to support the commercialization of natural gas reserves in Rovuma basin in Moz...

RELIANCE: WORLD’S NEW SECOND MOST VALUABLE ENERGY COMPANY

After jumping to the 46th spot in the list of world’s most valuable companies thanks to its market capitalisation of more than Rs 14 lakh crore, Reliance Industries Limited has now displaced ExxonMobil to become the world’s second most valuable energy company. 
Few days ba...

New software for petrochemical

You could get an executive into the virtual reality headset; they are able to see the complete angle of what is possible.

The startups will permit Exxonmobil to simulate emergency conditions, amongst other scenarios, to position personnel through the muscle memory of tasks inside a plan...