Exxon Mobil Corp Updates
Partnership with Calpine
Exxon Mobil Corp has entered into a partnership with Calpine to store 2 million tons of CO2 annually. This move aims to reduce greenhouse gas emissions.
Sale of Singapore Fuel Stations
Exxon Mobil’s Singapore fuel stations are up for sale. Aster Chemicals and Energy have expressed interest in bidding for the petrol stations.
Stock Performance
Exxon Mobil’s stock has been impacted by trade tensions and US clean energy cuts, leading to a recent price adjustment by Barclays.
US Government Order
The US government has signed an emergency order to accelerate oil and gas projects. This order may benefit Exxon Mobil in the long term.
Upcoming Financial Results
Exxon Mobil is set to release its first quarter 2025 financial results. These results will provide further insight into the company’s performance.
Key Details
- Partnership with Calpine: 2 million tons of CO2 storage per annum
- Sale of Singapore fuel stations: Aster Chemicals and Energy interested in bidding
- Stock performance: impacted by trade tensions and US clean energy cuts
- Government order: emergency measure to accelerate oil and gas projects