Exxon Mobil Corporation Price & Performance (XOM)

ARC Resources has finalized a long-term LNG supply agreement with Exxon Mobil's subsidiary, ExxonMobil LNG Asia Pacific. Under the deal, Exxon will receive 1.5 million tonnes of LNG annually from the Cedar LNG project, set to begin operations in 2028. The project is a joint venture involving Pembina Pipeline and the Haisla Nation.1

BP's chair Helge Lund is under pressure from activist group Follow This, urging shareholders to vote against his reappointment. The group criticizes BP's pivot from renewable energy investments towards oil and gas, arguing it disregards prior climate commitments. BP defends its strategy, citing shareholder engagement and a commitment to net-zero emissions by 2050.2

OPEC+ members, including Iraq and Russia, are stepping up efforts to meet production quotas after years of non-compliance. Despite recent adjustments, Kazakhstan's overproduction continues to challenge the group’s goals. Concerns over quota violations and faltering Chinese demand have kept oil prices near $72 per barrel, signaling potential market oversupply.3