- In May 2024, Exxon Mobil Corporation announced the completion of its acquisition of Pioneer Natural Resources, significantly expanding its Permian footprint. This merger enhances ExxonMobil's production capacity to 1.3 million barrels of oil equivalent per day, with plans to reach approximately 2 million by 2027. The partnership aims to improve efficiency and reduce environmental impact while advancing a net-zero goal to 2035
- In November 2023, ExxonMobil Corporation announced the completion of its acquisition of Denbury Inc. for USD 4.9 billion in an all-stock transaction. This move strengthened ExxonMobil's Low Carbon Solutions business, expanding its CO2 pipeline network by over 1,300 miles. The acquisition included oil and gas operations with proved reserves of more than 200 million barrels, aimed at significantly reducing CO2 emissions
- In October 2023, ExxonMobil announced its merger with Pioneer Natural Resources in a USD 59.5 billion all-stock transaction. The agreement allowed Pioneer shareholders to receive shares of ExxonMobil. The merger doubled ExxonMobil’s Permian footprint, combining over 850,000 net acres from Pioneer with its own, estimated to yield 16 billion barrels of oil equivalent. ExxonMobil planned to accelerate Pioneer’s net zero goal from 2050 to 2035
- In June 2023, ExxonMobil signed a carbon capture agreement with Nucor Corporation, enabling the capture, transport, and storage of up to 800,000 metric tons of CO2 annually from Nucor's Convent, Louisiana site. This marked a milestone, bringing total CO2 agreements to 5 million metric tons per year. The project, set to start in 2026, supports Louisiana's net-zero emissions goal by 2050
- In September 2024, Chevron Corporation marks 70 years of partnership in Angola, highlighting significant contributions to the nation’s development and energy sector. The collaboration has fostered economic growth, job creation, and investment in local communities. For Chevron, this enduring relationship strengthens its position in Africa and reinforces its commitment to sustainable practices while enhancing its operational footprint in the region
