Market Chatter: Exxon Mobil, BP Sign Deals With Azerbaijan's SOCAR

MT Newswires Live

2025/06/02

Exxon Mobil (XOM) and BP (BP) signed deals Monday with Azerbaijan's state energy company SOCAR, Reuters reported, citing an event at a conference in Baku.

Azerbaijan plans to increase natural gas exports by 8 billion cubic meters by 2030, President Ilham Aliyev as saying at Monday's conference, according to the Reuters report.

Exxon Mobil, BP, and SOCAR did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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