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The Latest Breaking News from ExxonMobil

Why Houston Oil Majors Are Hesitant to Go All In on Venezuela

Though petro-giants have long sought lost assets in the South American country, they have reasons, for now at least, not to leap at Trump’s invitation to join his war on the climate and the international legal order.

Texas Observer

The art of the drill: Trump considers subsidies to push oil companies to drill in Venezuela

Two of the three major US oil companies pulled business out of Venezuela nearly two decades ago after assets were seized

The Independent UK

Energy stocks rip as JP Morgan estimates the U.S. could hold 30% of all the world’s oil

U.S. control of the Venezuelan energy industry could “reshape the balance of power in international energy markets,” analysts with JP Morgan wrote Monday.

Fortune

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Trump’s focus on Venezuelan oil reinforces claim action was never about ‘war on drugs’

US president claims US will take back ‘stolen’ oil, but experts say no legal claim to natural reserves exists

The Guardian - UK

US oil giants silent on Trump claim they will spend billions on Venezuelan oil industry

US president says oil majors primed to invest in rebuilding infrastructure following Maduro ouster

The Guardian - US

Explainer: Why Chevron still operates in Venezuela despite US sanctions

Chevron’s continued presence in Venezuela looks like an anomaly amid intensifying US sanctions. In fact, the contradiction is rooted in selective enforcement to maintain leverage over Caracas, as well as decades of oil politics.

Euronews

'They took all of our oil not that long ago. And we want it back': Trump demands Venezuela return seized assets

U.S. oil companies dominated Venezuela's petroleum industry until the the 1970s and then under Nicolás Maduro and his predecessor, Hugo Chávez.

Fortune

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BP names Meg O’Neill as new CEO after incumbent ousted

O’Neill, who has led Woodside Energy since 2021, will be oil and gas company’s first female chief executive

The Guardian - UK

Push made to sell Mossmorran site but no ‘viable offer’ received, say bosses

ExxonMobil has has had both ‘formal and informal’ discussions with potential buyers.

Evening Standard

Alexander highlights ‘stark contrast’ in talks on Grangemouth and Mossmorran

The Scottish Secretary said Mossmorran bosses had, unlike Grangemouth management, been unable to demonstrate a ‘pathway to profitability’.

Evening Standard

Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETF

After another lackluster year for the energy sector, 2026’s oil outlook spells trouble for the Big Oil stocks that constitute the XLE.

MarketBeat

Swinney sparks confusion over Mossmorran jobs comment

The First Minister appeared to confirm workers made redundant will be guaranteed job interviews, but it was later confirmed that is not the case.

Evening Standard

Kate Forbes: I have no interest in spat with the UK Government over Mossmorran

The Deputy First Minister said reports of a conflict with Labour are a ‘dis-service’ to at-risk workers.

Evening Standard

Defence firm could look at employing some Mossmorran workers, Alexander says

The Scottish Secretary hailed a meeting with the Scottish Government and employers as ‘constructive’.

Evening Standard

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Evening Standard

Scottish Government to work with UK ministers in bid to help Mossmorran workers

Deputy First Minister Kate Forbes said the Scottish Government would be involved in talks today with Scottish Secretary Douglas Alexander.

The Independent UK

Forbes to hold summit on future of under-threat Fife chemical plant

ExxonMobil has announced that its ethylene plant at Mossmorran, Fife, will close in February.

Evening Standard

Scottish Government ‘broke promise’ to Mossmorran workers, Swinney told

Scottish Green co-leader Ross Greer raised the closure of the site during First Minister’s Questions on Thursday.

Evening Standard

Mossmorran staff going through a ‘difficult time’, says PM

More than 400 jobs have been put at risk following the announcement a plant in Fife is due to close in February.

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Evening Standard

ExxonMobil boss says ‘deliberate’ UK Government policies ‘undermining’ business

Chairman Paul Greenhouse spoke out after the petrochemical firm announced plans to close the Mossmorran ethylene plant in Fife.

Evening Standard

Westminster ‘sleepwalking into’ Scottish deindustrialisation – Stephen Flynn

Stephen Flynn criticised the Government’s decision not to step in, as the Fife Ethylene Plant winds down.

Evening Standard

Forbes makes plea to UK Government after closure plans for ‘cornerstone’ plant

Scottish Deputy First Minister Kate Forbes urged the UK Government to ‘consider what more they can do’ for workers at ExxonMobil’s Mossmorran site.

The Guardian - UK

ExxonMobil to shut chemicals plant in Fife with loss of up to 450 jobs

US oil firm blames UK government policy and supply costs for closure of site near Cowdenbeath

The Independent UK

MSP urges ExxonMobil to work with governments to avert Mossmorran closure

ExxonMobil announced the site would close on Tuesday.

The Independent UK

SNP urges UK Government to intervene to save jobs at Fife plant

Stephen Flynn claimed oil and gas jobs are being ‘pushed off a cliff’ in Scotland.

The Independent UK

ExxonMobil plans closure of Fife manufacturing site

The Fife Ethylene Plant at Mossmorran is expected to shut in February.

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