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. The ...

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: ...

keladawy/iStock via Getty Images. Azeri state energy company SOCAR signed a new agreement for onshore oil and gas exploration in Azerbaijan with Exxon Mobil (NYSE:XOM), while BP (NYSE:BP) is ...

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.

ExxonMobil and Azerbaijan’s state energy firm SOCAR have signed a memorandum of understanding to explore unconventional onshore oil ... EXXON Mobil-0.35. Open 57.81 Trading Vol. 6.96M Previous ...

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 offshore ...

Reuters.com is your online source for the latest Azerbaijan news stories and current events, ensuring our readers up to date with any breaking news developments ...

"ExxonMobil has already invested more than $1 billion in Azerbaijan, which shows that this is a strategic region for us," she said. Azerbaijan has signed 21 PSCs worth $60 billion with ...

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 ...

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 ...