Exxon mobil Stories
California Files Lawsuit Against ExxonMobil For Misleading Public On Plastic Recycling
The lawsuit comes two years after the California attorney general launched an investigation into the fossil fuel and petrochemical industries, examining their involvement in the ongoing global crisis of plastic waste and pollution.
ExxonMobil Expects Global Oil Demand Near Current Levels In 2050
Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide.
COP28 Makes Progress On Methane And Climate Finance; Talks Derailed By Fossil Fuel Phase-Out
Two steps forward and another one back: COP28 makes progress on major initiatives, but critics say the oil lobby mars an otherwise productive summit.
Chinese Refinery Slowdown, US Output Surge Drive Global Oil Prices Down 5%
Global oil prices accelerated their trajectory down from their peak in late September on Thursday.
ExxonMobil's Profit And Sales Sink in Third Quarter
Results were strongly affected by oil prices, which were much higher a year before.
ExxonMobil To Buy Denbury For $4.9 Bn To Expand Low-carbon Business
ExxonMobil will acquire Denbury Inc., a specialist in enhanced oil recovery and carbon sequestration, for $4.9 billion as it builds out its low-carbon business, the oil giant announced Thursday.
ExxonMobil, Chevron Report Higher Profits Despite Oil Price Dip
At ExxonMobil, first-quarter profits more than doubled to $11.4 billion, while revenues declined 4.3 percent to $86.6 billion.
Exxon Mobil To Cut Jobs Due To Low Oil Demand; Faith In Oil Still Intact, Says CEO
The company is finishing its employee appraisals and will soon announce layoffs, CEO Darren Woods said in an email to employees.
Did Trump Suggest He Can Bribe Exxon Mobil? Oil Giant Shoots Down Hypothetical Phone Call
Oil giant Exxon Mobil refuted recent comments by President Donald Trump on Monday, as he boasted of his fundraising abilities in a tough race against Joe Biden.
Despite Incurring Huge Losses, Exxon, Chevron, BP, And Other Oil Giants Still Pay Dividends
The COVID-19 pandemic has sapped energy demand, but oil companies committed to dividends
Dow Jones Industrial Average Kicks Exxon, Pfizer Out Of Blue-Chip Index
The Dow index enacted changes in response to heavily-weighted Apple’s stock split.
IEA Warns Global Oil Demand Will Contract More Than Expected This Year Due To Ongoing COVID Impact
IEA partly cited a weakening recovery in transport-aviation sector for its projection
EPA To Roll Back Methane Monitoring For Natural Gas Pipelines, Report Says
The new rules are expected to be signed Thursday and roll back regulations implemented under the Obama administration over greenhouse gas and global warming concerns.
More Bad News For Big Oil: Exxon-Mobil, Chevron Post Huge Second Quarter Losses
COVID-19 pandemic continues to decimate global energy demand.
Exxon Mobil Considers Layoffs, Spending Cuts To Save Its Dividend
The oil and gas corporation may cut jobs and spending to preserve its $15 billion annual dividend
Saudi Aramco’s First Quarter Profit Plunges 25%, But Dividend Payments Remain On Track
Saudi Aramco vowed to make huge dividend payments prior to last year’s IPO
Coronavirus Economy: Oil And Gas Companies May Lose $1 Trillion In Revenues This Year
The coronavirus pandemic and related lockdowns across the world will seriously eat into the revevue streams of oil and gas companies this year
Another Victim Of Low Oil Prices: Diamond Offshore Drilling Files For Bankruptcy
Diamond Offshore Drilling has voluntarily filed for bankruptcy protection.
Norway’s Equinor Slashes Dividends: Will Other Big Oil Companies Do Likewise?
Equinor became the first oil major to reduce its dividend
Nigerian Communities Struggle With Devastating Oil Spills
Nigerian communities struggle with devastating oil spills
Guyana On Brink Of Unimaginable Oil Wealth: Is This Poor, Small Country Prepared?
Guyana is sitting on huge oil reserves, but there are concerns it is not well prepared to manage imminent wealth.
Trouble For Big Oil? Exxon Mobil Heads To Court Over Alleged Deception On Climate Change Costs
The oil and gas giant will go to trial Tuesday over allegations that it misled investors on the costs of future climate-change regulations.
Exxon Mobil Wants To Quit UK North Sea After 50 Years’ Presence
American energy major Exxon Mobil is reportedly looking to exit the British North Sea basin after 50 years of operational presence. Exxon is keen to expand the focus on U.S. shale oil production.
Exxon Baytown Fire: Massive Blaze Erupts At Texas Plant
A polypropylene unit exploded and caught fire at ExxonMobil's Baytown Olefins Plant near Houston, TX.
Lower Open Likely For US Markets, Oil Price Slips
Lower open likely for the U.S. markets Friday after the main stock index futures were looking down in the morning
Mike Pompeo Signals Harder Line Toward Russia
As the CIA director plans to delve into U.S. foreign policy challenges on North Korea, Iran and China, lawmakers wonder if he will be able to stand up to President Trump.
Amid Russia Controversy In Trump White House, Major Energy Companies Lobbied On Russia-Focused Bills
First quarter lobbying disclosures show the energy sector has an interest in legislation that could penalize Russia for interfering in last year's election. Meanwhile, Russian groups hired their own lobbyists to work the Capitol.
Exxon Urges Trump To Make 'Prudent' Decision About Paris Climate Agreement
The landmark Paris pact represented "an effective framework for addressing the risks of climate change," a company leader wrote.
Is Rex Tillerson A Good Secretary Of State? Former Exxon Mobil CEO Says He Didn't Want Job
"I didn't want this job. I didn't seek this job," Tillerson said in in an Independent Journal Review, the only media outlet that was given access to Tillerson during his recent Asia trip.
Trump Russia Ties: Rex Tillerson To Avoid NATO Meeting, To Visit Moscow In April
Secretary of State Rex Tillerson will not attend NATO's meeting in April; instead will stay alongside President Donald Trump to greet Chinese President Xi Jinping and visit Russia the following week.