Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy into new Azeri ...

Exxon Mobil Corporation XOM has reinforced its longstanding energy partnership with Azerbaijan by signing a fresh memorandum of understanding (MoU) with the country’s state energy company, SOCAR.

ExxonMobil is expected to enhance Azerbaijan's onshore production, which currently represents just 5% of its total oil output. ExxonMobil vice-president of global exploration John Ardill said: "In ...

Exxon (NYSE:XOM) already holds stakes in Azerbaijan's largest oil development project, Azeri-Chirag-Gunashli, and the Baku-Tbilisi-Ceyhan pipeline, which transports Caspian crude to Turkey and ...

ExxonMobil and Azerbaijan’s state energy firm SOCAR have signed a memorandum of understanding to explore unconventional onshore oil reserves in a move that could open a new chapter for the ...

Exxon Mobil Corporation (NYSE:XOM) and Azerbaijan’s state energy firm SOCAR signed an MOU on June 2, 2025, to explore onshore oil and gas production in the former Soviet republic.

BAKU (Reuters) -Exxon Mobil and Azeri state energy company SOCAR said on Monday they signed a deal agreeing to explore onshore oil and gas production in Azerbaijan, while BP is expected to buy ...

With Azerbaijan targeting a steady oil output of around 582,000 barrels per day and expanding its energy footprint beyond borders, ExxonMobil’s continued alignment with SOCAR highlights a shared ...

ExxonMobil is expected to enhance Azerbaijan's onshore production, which currently represents just 5% of its total oil output. ExxonMobil vice-president of global exploration John Ardill said: ...

Exxon already holds stakes in Azerbaijan’s largest oil development project, Azeri-Chirag-Gunashli, and the Baku-Tbilisi-Ceyhan pipeline, which transports Caspian crude to Turkey and onward to ...