Exxon Mobil Corp

Exxon Mobil Corp

On Tuesday, the Energy Information Administration (EIA) released its monthly report, which now expects production to reach 12.31 million barrels a day in 2023.

Greek Prime Minister Kyriakos Mitsotakis reported that the U.S. company Exxon Mobil is to begin seismic surveys in the southwest of the Peloponnese peninsula and the island of Crete in the coming days.

Exxon Mobil Corp will cover the losses of up to $2 billion. This money was received from the sale of a problematic offshore oil and gas field in California.

US President Joe Biden urged oil and gas companies to use their record profits to reduce gasoline prices for U.S. citizens. If the companies refuse to do so, the President threatens them with additional taxes.

Stocks of technology-oriented megacapital companies dropped due to disappointing results. In contrast, stocks of energy companies continued their rapid rise