Exxon MobilNYSE: XOM

Exxon Mobil Corporation and LG Chem have agreed on a non-binding memorandum of understanding for a multi-year agreement to supply up to 100,000 metric tons of lithium carbonate. This lithium will come from ExxonMobil's upcoming project in the U.S. and will be sent to LG Chem's cathode plant in Tennessee, which is anticipated to be the largest in the country. "It's important for America to have a reliable domestic source of essential minerals like lithium."

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Exxon Mobil is considered a leading energy investment for 2025 due to its strong free cash flow and earnings, which are backed by high oil prices and support from OPEC+. The purchase of Pioneer Resources strengthens Exxon Mobil's presence in the Permian region, increasing its potential for future earnings and cash flow growth. In the third quarter of 2024, Exxon Mobil's upstream segment, which accounts for 72% of its earnings, experienced notable growth in oil-equivalent production.

Following Nigeria's approval of Exxon Mobil's sale of its onshore oil and gas assets to the local energy company Seplat, Bloomberg's Anthony Osae-Brown looks into the implications for the country. This development coincides with reports that the Dangote refinery, the largest in Africa, is running at nearly 70% capacity.

After buying Pioneer Natural Resources, Exxon Mobil intends to reduce its workforce and introduce ways to save money.

Darren Woods, the CEO of Exxon Mobil, believes that the Trump administration can contribute a sensible perspective to the conversation, so he urges them to remain part of the Paris Agreement.

Darren Woods, the CEO and chairman of Exxon Mobil, spoke at the COP29 climate summit on Tuesday about how President-elect Trump's energy policy could affect oil production in the future.

President-elect Donald Trump ran his campaign on the idea of greatly increasing oil production in the U.S. and lowering energy prices. However, the leader of the country's biggest energy company is skeptical about whether he can fulfill that promise.

Exxon Mobil Corp, the largest oil producer in the U.S., has decided to sell its conventional oil drilling assets in the Permian Basin, located in Texas and New Mexico, to the private company Hilcorp Energy for about $1 billion, according to four sources who spoke to Reuters.