Exxon Mobil struggles with a $2.5 billion California offshore exit
09 Jan 2024
Exxon Mobil is set to write down approximately $2.5 billion related to its troubled California properties, marking a move to cease offshore oil production in the state after five decades.
ExxonMobil hands over operations of Iraqi oil field to PetroChina
02 Jan 2024
US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.
Exxon nears a $60 billion deal to acquire Pioneer
06 Oct 2023
Exxon Mobil is in advanced talks to buy Pioneer Natural Resources for around $60 billion.Exxon is about to make its largest deal since the acquisition of Mobil in 1998
Qatar Petroleum, ExxonMobil in $10-bn LNG export project
06 Feb 2019
The project, involving investment of more than $10 billion, will create thousands of jobs and produce 16 million tonnes of liquefied natural gas annually, offering reliable LNG supplies to global markets
Embattled oil major Exxon fails to get environmental law suit dismissed
31 Mar 2018
American oil and gas major Exxon Mobil, facing two major charges, is battling it out furiously but failing to win over support
Exxon knew about global warming, but misled public: study
24 Aug 2017
Exxon Mobil misled the public about climate change for years even as its research echoed the growing scientific consensus that global warming is real and caused by human activity, says a new study by Harvard researchers.
Exxon sues US govt after $2-mn fine over Russian dealings
21 Jul 2017
ExxonMobil sued the US government after the Treasury Department fined it $2 million for "reckless disregard" of US sanctions in dealings with Russia in 2014 when Secretary of State Rex Tillerson was Exxon's chief executive
ExxonMobil plans to invest $20 bn to expand manufacturing
07 Mar 2017
ExxonMobil is expanding its refining and chemical capacity along the US Gulf Coast through planned investments of $20 billion, that would create 45,000 new jobs
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation