Gulf States/Economy/Major oil companies face pressure as profits fall and operations shift

Major oil companies face pressure as profits fall and operations shift

Mar 10, 20265 sources

Summary

Saudi Aramco's profits fell 12% to $104.7 billion due to lower oil prices. Meanwhile, ExxonMobil's board approved a plan to move its legal headquarters from Delaware to Texas. Both developments highlight ongoing challenges and strategic shifts for major oil producers.

Source Headlines

5 headlines from 2 publishers

ExxonMobil Board Backs Plan to Shift Legal Domicile to Texas

Mar 10

Renewables May Break the Century-Old Utility Rulebook

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Gulf Producers Slash Oil Output by 5 Million Bpd

Mar 10

Saudi Aramco Profits Fall 12% to $104.7 Billion as Oil Prices Weigh

Mar 10

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