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Exxon, which took over rival Pioneer Natural Resources in a $60 billion deal in 2024, has sold a number of assets in recent years. Exxon last year sold its majority-owned French subsidiary Esso, and ...

Early evaluations suggest the Ultimate Recoverable Reserves could reach 6 billion barrels of oil and 12-20 trillion cubic feet (TCF) of gas in the Diyarbakir Basin, and 20-45 TCF in the Thrace Basin, ...

A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the United States is declining.