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Chevron&#39;s venture capital arm launches third fund for renewable energy, aiming to diversify and reduce emissions through innovation and investments.

Chevron Pours $500M To Fund Renewable Energy Future: Report

Exxon Mobil

Contracts

Exxon Mobil awarded a large contract to TechnipFMC in Guyana, to supply subsea production systems for the Whiptail project. The project is worth $12.7B and will target an estimated resource base of over 850M barrels of oil.

Exxon Taps TechnipFMC For Subsea Gear In Guyana&#39;s $12.7B Whiptail Project

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Price Target

Analyst remains optimistic that Chevron will prevail in the arbitration against Exxon Mobil and CNOOC in Guyana.

Black Gold Bonanza: Analyst Bets On Chevron, Citing Price Outlook

Chevron Corporation&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) venture capital arm reportedly launched on Tuesday its third fund to invest in renewable energy technologies with a $500 million commitment.
The move reflects the company&#8217;s aim to diversify its business amid the pressure to reduce emissions, reported Reuters.
The Future Energy Fund III will focus on innovations in industrial decarbonization, emerging mobility, energy decentralization and, the growing circular carbon economy.
As per the report, the new fund also aims to expand investment across novel low-carbon fuels and advanced materials and transform carbon into higher-value products.
The first Future Energy Fund was launched by Chevron Technology Ventures in 2018, followed by a second in 2021 for a total $400 million commitment.
Earlier this month, Chevron New Energies invested in ION Clean Energy to&nbsp;propel carbon&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38093227/chevrons-collaborates-with-ion-clean-energy-marks-a-milestone-in-carbon-capture-advancement" rel="noreferrer noopener">capture technology development</a>.
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: CVX shares are up 0.13% at $156.08 on the last check Wednesday.
Photo by Jonathan Weiss on Shutterstock

Yesterday,&nbsp;Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) awarded a large contract to&nbsp;TechnipFMC&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) for its<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38258485/technipfmc-awarded-large-subsea-contract-for-exxonmobil-guyanas-whiptail-project" rel="noreferrer noopener">&nbsp;Guyana&#8217;s Stabroek Block</a>.
As per the terms, TechnipFMC will supply subsea production systems for the Whiptail project.
In particular, TechnipFMC will offer project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
For TechnipFMC, a &#8220;large&#8221; contract is between $500 million and $1 billion. This award will be included in inbound orders in the second quarter of 2024.
Jonathan Landes, President, Subsea at TechnipFMC, said: &#8220;ExxonMobil Guyana will utilize our Subsea 2.0&#xAE; systems and manifolds, which help provide schedule certainty. We have already delivered more than 100 subsea trees for ExxonMobil Guyana – the location of one of the world&#8217;s fastest developing basins – and we look forward to deepening our relationship with them through Whiptail.&#8221;
Last week, Exxon and&nbsp;Hess Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) made a final investment decision for the Whiptail development offshore Guyana following receiving the required&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38221117/guyanas-oil-spigot-wide-open-exxon-hess-sanction-massive-12-7b-oil-project" rel="noreferrer noopener">government and regulatory approvals</a>.&nbsp;
The Whiptail project, worth $12.7 billion, will target an estimated resource base of more than 850 million barrels of oil and include up to 10 drill centers with 48 production and injection wells.
Investors can gain exposure to the XOM stock via&nbsp;Energy Select Sector&nbsp;SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: XOM shares are down 0.74% at $118.807 on the last check Tuesday.
Photo: Del Henderson Jr. via Shutterstock

Exxon Taps TechnipFMC For Subsea Gear In Guyana's $12.7B Whiptail Project

Scotiabank&nbsp;analyst Paul Y. Cheng upgraded&nbsp;Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) to Sector Outperform from Sector Perform and increased the price&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/CVX/analyst-ratings" rel="noreferrer noopener">target to $195 (from $170)</a>.
The analyst says that Chevron has the highest oil torque among the integrated super majors, and can enjoy macro tailwinds over the next few years. 
Also, the analyst remains optimistic that Chevron will prevail in the arbitration against&nbsp;Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and&nbsp;CNOOC&nbsp;in Guyana, which could serve as an attractive entry point.
The oil and gas production in Guyana reportedly hit construction delays and has threatened to curtail the rising oil hotspot's <a href="https://www.benzinga.com/markets/equities/24/04/38143113/guyanas-oil-spigot-sputters-production-delays-reportedly-hit-revenue">revenue by about $1 billion this year</a>.
The analyst raised FY24 adjusted EPS outlook to $12.70 from $10.90.
Moreover, the analyst&#8217;s bullish stance also reflects an increase in the near- and long-term oil price outlook by Scotia.
In particular, the analyst assumes a higher long-term oil price deck of $75/bbl Brent vs. their previous expectation of $65/bbl in 2024.
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Now Read: <a href="https://www.benzinga.com/markets/equities/24/04/38158467/chevron-exits-myanmars-yadana-gas-field-report" target="_blank" rel="noreferrer noopener">Chevron Exits Myanmar&#8217;s Yadana Gas Field</a>
Price Action: CVX shares are down 0.52% at $161.83 on the last check Thursday.
Image: Shutterstock

Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reportedly has left the Yadana natural gas field in Myanmar.
This has happened over two years after the company condemned violence and human rights abuses there and announced it would leave, reported Reuters.
Chevron has redistributed its 41.1% stake in the gas field to the remaining shareholders &#8211; Thailand&#8217;s PTT Exploration and Production and state-owned Myanma Oil and Gas Enterprise (MOGE).
On Friday, PTTEP, the gas field operator, said its stake in Yadana had increased to 62.96%, as per the report.
The Yadana field, which is located in the Gulf of Martaban, has produced around 6 billion cubic meters (212 billion cubic feet) per year of gas, 70% of which has been exported to Thailand and about 30% supplied for domestic use to MOGE.
&#8220;The withdrawal gives effect to our intention to exit Myanmar in a controlled and orderly manner, following the February 2021 coup, and ongoing humanitarian crisis,&#8221; the report quoted a Chevron spokesperson.
As per the report, Myanmar has been in crisis since the army overthrew the elected government in 2021, and a crackdown on dissidents has since given rise to a nationwide resistance movement backed by several ethnic minority armies.
In January 2022, Chevron said it would exit Myanmar, and in February 2023, it said it had agreed to sell its assets there, including its stake in the Yadana gas field, but instead has withdrawn.
In 2021, French oil and gas group&nbsp;TotalEnergies SE&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) and Chevron suspended some payments from Yadana that would have reached Myanmar&#8217;s junta, earning praise from pro-democracy activists. TotalEnergies withdrew in 2022, the report further noted.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38093227/chevrons-collaborates-with-ion-clean-energy-marks-a-milestone-in-carbon-capture-advancement" rel="noreferrer noopener">Chevron&#8217;s Collaborates With ION Clean Energy, Marks A Milestone In Carbon Capture Advancement</a>
Chevron said it has conducted its &#8220;exit from Myanmar in a responsible, orderly and safe manner, in accordance with international law and trade sanctions.&#8221;
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38041681/chevron-jv-launches-new-drilling-campaign-in-venezuela-report" rel="noreferrer noopener">Chevron JV Launches New Drilling Campaign In Venezuela: Report</a>
Price Action: CVX shares are up 0.17% at $161.54 premarket on the last check Tuesday. 
Photo by Jonathan Weiss on Shutterstock

Chevron Exits Myanmar's Yadana Gas Field: Report

The&nbsp;oil and gas production in Guyana reportedly hit construction delays and has threatened to curtail the rising oil hotspot&#8217;s revenue by about $1 billion this year.
Guyana&#8217;s $1.9 billion gas-to-power project is facing legal battles and potential cost overruns, reported Reuters.
As per the report, the first phase of a 300-megawatt (MW) power plant is running six months later than scheduled, and full operation is not expected until the fourth quarter of 2025.
Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is building a 140-mile (225-km) gas pipeline from its offshore Stabroek block to supply the government&#8217;s project onshore, as per the report.
Exxon Guyana country manager Alistair Routledge said the company&#8217;s part of the project (worth about $1 billion) will be ready by year-end, as promised to Guyana.
The Stabroek block, the site of the country&#8217;s first commercial oil and gas discovery in 2015, currently produces crude &#8211; about 645,000 barrels per day (bpd), and the new power plant will be the first to use the related gas produced from the oil field that, to date, has been re-injected underground.
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37893129" rel="noreferrer noopener">Exxon Mobil&#8217;s LNG Expansion On Track To Double By 2030: Report</a>
As per the report, the completion of the gas pipeline will require Exxon to pause production in the third quarter at two oil production vessels to connect them to the undersea pipeline.
As per the report, the executive said, &#8220;Exxon is not worried about having to shut production this year for a project that will not be ready to accept the gas at least until sometime in 2025&#8221;.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/38097868" rel="noreferrer noopener">Exxon&#8217;s Earnings Amidst Oil Price Challenges Has Bright Spots, Says Analyst</a>
Investors can gain exposure to the stock via&nbsp;Energy Select Sector&nbsp;SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: XOM shares are down 0.17% at $121.17 on the last check Monday.
Photo: Del Henderson Jr. via Shutterstock

Guyana's Oil Spigot Sputters: Production Delays Reportedly Hit Revenue

Goldman Sachs analyst Neil Mehta expressed views on Exxon Mobil Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) signaling weak oil and gas prices to impact <a href="https://www.benzinga.com/quote/XOM/analyst-ratings" target="_blank" rel="noreferrer noopener">first-quarter FY24 results</a>.
The company anticipated that fluctuations in gas prices would negatively influence its first-quarter upstream results by between <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">$(0.6) billion and $(0.2) billion</a>. 
The analyst wrote that the implied Upstream earnings came in above estimates at ~$6.0 billion at the mid-point vs. <a href="https://www.benzinga.com/markets/equities/24/04/38086558/energy-woes-exxon-mobil-warns-of-lower-q1-earnings">estimate at ~$5.6 billion</a>.
Also, Mehta said the implied Downstream earnings came in above GS estimates at the mid-point at ~$2.5 billion vs the estimate at ~$2.1 billion.
Moreover, the implied Chemicals came in above estimates at the mid-point at ~$700 million vs. the estimate at ~$440 million, said the analyst.
Overall, the analyst said implied EPS for the quarter came at the mid-point at ~$2.15 vs. an estimate of $1.95, and FactSet consensus closer to $2.06.
The analyst estimated revenue of $341 billion in 2024, $348 billion in 2025, and $355 billion in 2026.
Investors can gain exposure to the stock via Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and IShares U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: XOM shares are trading higher by 0.29% at $119.65 on the last check Thursday.
Photo: Del Henderson Jr. via <a href="https://www.shutterstock.com/image-photo/southaven-msusa-october-24-2019-partial-1809307270">Shutterstock</a>

Commodities

Exxon's Earnings Amidst Oil Price Challenges Has Bright Spots, Says Analyst

Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares are trading lower after the company signaled weak&nbsp;oil and gas prices to impact first-quarter FY24&nbsp;<a target="_blank" href="https://ir.exxonmobil.com/static-files/23b8626e-886a-4766-a1f5-8315d4638981" rel="noreferrer noopener">results</a>.
The company anticipates that fluctuations in gas prices will negatively influence its first-quarter upstream results by between&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$(0.6) billion and $(0.2) billio</a>n.&nbsp;
Conversely, changes in liquid prices are expected to have a negative impact on upstream results of $(0.4) billion to flat.
On the other hand, Exxon Mobil projects that variations in industry margins will positively impact energy products earnings by $0.5 billion-$0.7 billion and both specialty products earnings and chemical products earnings by flat to $0.2 billion each.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37937726/exxon-mobil-sounds-the-alarm-reportedly-warns-on-sharp-drop-in-australias-gas-supply" rel="noreferrer noopener">Exxon Mobil Sounds The Alarm: Reportedly Warns On Sharp Drop In Australia&#8217;s Gas Supply</a>
Exxon Mobil expects changes in unsettled derivatives (mark-to-market) to impact first-quarter upstream earnings by negative $(0.2) billion to positive $0.2 billion.
Last month, Exxon Mobil reportedly accelerated LNG portfolio expansion, aiming to double capacity to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37893129/exxon-mobils-lng-expansion-on-track-to-double-by-2030-report" rel="noreferrer noopener">40 mtpa by 2030</a>.
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/36909483/exxons-q4-surprise-beats-earnings-expectations-despite-revenue-dip-embarks-on-bold-ev-and-lng-ventu" rel="noreferrer noopener">Exxon&#8217;s Q4 Surprise: Beats Earnings Expectations Despite Revenue Dip, Embarks On Bold EV And LNG Ventures</a>
Price Action: XOM shares are down 0.32% at $118.92 premarket on the last check Thursday.
Photo via Shutterstock

Guidance

Energy Woes: Exxon Mobil Warns Of Lower Q1 Earnings

The U.S. oil major company&nbsp;Chevron&#8216;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) joint venture with Venezuelan state-owned oil company PDVSA, Petroindependencia, launched a new drilling campaign.
Notably, in October, the U.S. eased oil sanctions on Venezuela following an agreement between its government and its political opposition, reported Reuters.
Chevron holds a separate authorization to operate oil fields in Venezuela, a member of the Organization of the Petroleum Exporting Countries (OPEC).&nbsp;
The sanctions relief aids in higher Venezuelan exports, thereby leading the way to boost output.
As per the report in September last year, Chevrom proposed adding 65,000 barrels per day (bpd) to its Venezuela crude output by the end of this year, and the new drilling program is part of that planned expansion.
PDVSA said, &#8220;The CMI14 well, the first of 17 planned in the business plan this year, represents an important advance for the increase in production by this joint business,&#8221;&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37440931/chevron-halts-biodiesel-production-amid-market-challenges-unveils-green-hydrogen-initiative" rel="noreferrer noopener">Chevron Halts Biodiesel Production Amid Market Challenges, Unveils Green Hydrogen Initiative</a>
Last month, Chevron and JX Nippon collaborated to explore CO₂ export from Japan to CCS projects in&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37828022/chevron-jx-nippon-set-sail-on-co2-storage-voyage-across-asia-pacific" rel="noreferrer noopener">Australia and the Asia Pacific region</a>.
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund &#8211; Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: CVX shares closed higher by 0.85% at $159.08 on Monday. 
Photo by Jonathan Weiss on Shutterstock

Chevron JV Launches New Drilling Campaign In Venezuela: Report

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reportedly warned about Australia&#8217;s domestic gas supply outlook in a speech at the Australian Domestic Gas Outlook (ADGO)<a href="https://www.benzinga.com//node/37919378"> conference in Sydney.</a>
The oil giant&#8217;s Australia&#8217;s Commercial Director David Berman said there is an urgent need for new investment in domestic gas supply and infrastructure to offer energy security and affordability for households and businesses, reported Reuters.
Berman commented, &#8220;Without investment, ExxonMobil Australia estimates by 2030 domestic gas supply available to southern states will decrease by 44%.&#8221;
&#8220;Chasing sizably lower domestic gas prices requires significantly shorter regulatory timelines because one third of the gas that will be required by consumers on the east coast between 2025 and 2030 is not in production,&#8221; he added.
Berman added that it takes just months to apply for and receive an onshore and offshore drilling permit in the U.S., but it can take up to two years in Australia, as per the report.
Notably, Exxon operates the Gippsland Basin joint venture, the biggest single gas supplier in Australia&#8217;s southern region, which includes New South Wales, Victoria, Tasmania, the Australian Capital Territory, and South Australia.
As per the report, the Gippsland Basin has the resources to be able to help reduce the gap, but final investment decisions to develop that gas have yet to be made.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37893129/exxon-mobils-lng-expansion-on-track-to-double-by-2030-report" rel="noreferrer noopener">Exxon Mobil&#8217;s LNG Expansion On Track To Double By 2030: Report</a>
Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund &#8211; Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>).
Price Action: XOM shares are down 0.69% at $113.86 on the last check Tuesday.
Photo via Shutterstock

Exxon Mobil Sounds The Alarm: Reportedly Warns On Sharp Drop In Australia's Gas Supply

Exxon Mobil Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is reportedly ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030.
The company plans to focus on selling its gas rather than trading that of third parties, reported Reuters.
Peter Clarke, Exxon senior vice president for global LNG told Reuters, &#8220;Unlike Shell and Total, Exxon plans to mainly trade its own gas.&#8221;
Exxon expects to revamp its LNG trading strategy amid growing fuel production and as part of a wider corporate&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37486711/exxons-refinery-revamp-on-track-nears-sale-of-major-lng-terminal-report" rel="noreferrer noopener">reorganization that began in 2022</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37795056/exxon-ceo-denies-interest-in-buying-hess-focuses-on-preemption-rights-in-dispute-with-chevron-re" rel="noreferrer noopener">Exxon CEO Denies Interest in Buying Hess, Focuses on Preemption Rights In Dispute with Chevron: Report</a>
In 2020, Exxon said it planned to double its LNG portfolio to 40 mtpa by decade-year, from 20 mtpa. As per the report, the oil &amp; gas giant says it is now producing just short of 30 mtpa.
Clarke said, &#8220;The big component in LNG is obviously the commercialization of the LNG itself. We want to have the leading LNG portfolio in the world in terms of its financial robustness and financial returns. I would say we&#8217;re well on the way to doing it.&#8221;
He added, &#8220;the projects would help Exxon supply clients in Asia, where the company sees the most potential growth&#8230;.The market is expanding. And by 2050, 75% of global energy demand will be in Asia Pacific, so we are really focused in that area.&#8221;
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37259657/exxon-considers-natural-gas-project-in-guyana-report" rel="noreferrer noopener">Exxon Considers Natural Gas Project In Guyana: Report</a>
As per the report, Exxon&#8217;s volumes will increase through the Golden Pass LNG project, where it has a 30% stake with&nbsp;QatarEnergies&nbsp;as a partner. That project has an estimated export capacity of around 18 mtpa and will produce its first LNG in 2025.
Investors can gain exposure to Exxon Mobil via&nbsp;SPDR Select Sector Fund &#8211; Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and&nbsp;IShares U.S. Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>)
Price Action: XOM shares are down 0.45% at $112.97 on the last check Friday.
Photo via Shutterstock

Exxon Mobil's LNG Expansion On Track To Double By 2030: Report

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Benzinga Pro Mid-Day Price Check For Sector ETFs: Materials (XLB) Up 0.5%, Industrial (XLI) Up 0.1%, Technology (XLK) Down 0.1%, Healthcare (XLV) Down 0.6%, Energy (IYE) Up 1%, Retail (XRT) Down 1.1%

Benzinga Pro Mid-Day Price Check For Sector ETFs: Healthcare (XLV) Up 0.4%, Technology (XLK) Down 0.1%, Industrial (XLI) Down 0.2%, Retail (XRT) Down 0.2%, Energy (IYE) Down 0.4%, Materials (XLB) Down 0.6%

Benzinga Pro Mid-Day Price Check For Sector ETFs: Healthcare (XLV) Down 0.4%, Industrial (XLI) Down 0.6%, Retail (XRT) Down 0.9%, Technology (XLK) Down 0.9%, Materials (XLB) Down 0.9%, Energy (IYE) Down 1.1%

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Goehring & Rozencwajg Q4 2023 Natural Resource Market Commentary

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BGR: A 6.14%-Yielding Energy CEF With A History Of Underperformance

TYG: Performance Laggard With No Near-Term Catalyst

iShares U.S. Energy ETF declares quarterly distribution of $0.2962

IYE: Better Energy Funds Out There

Oil prices have raced higher, propelling energy stocks and ETFs. Options abound, so which is the better energy ETF for investors — the Fidelity MSC...