08:22 AM EDT, 06/02/2025 (MT Newswires) -- 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 ( XOM ), BP, and SOCAR did not immediately reply to MT Newswires' request for comment.

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