Laura Bell-Hammer

3 weeks ago | ogj.com | Conglin Xu |Laura Bell-Hammer

According to Darren Woods, ExxonMobil chairman and chief executive officer, through 2030, the operator plans to deploy about $140 billion to major projects and the Permian basin development program. “We expect this capital to generate returns of more than 30% over the life of the investments,” said Woods.

4 weeks ago | ogj.com | Conglin Xu |Laura Bell-Hammer

Natural gas inventory ended the quarter at 3,438 bcf, compared with a 5-year average of 3,224 bcf. US LNG exports averaged 12.64 bcfd during the quarter, compared with 12.97 bcfd in the previous year's fourth quarter. A sample of 13 companies based in Canada, including oil and gas producers and pipeline operators, recorded combined income of $4.9 billion (Can.) in fourth-quarter 2024. In the fourth quarter of the prior year, this group’s combined earnings were $9.96 billion.