Exxon Mobil

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15 05 2021 | 12:10

The Greenwashing Files: Fossil Fuel Giants Accused of ‘Deceptive’ Advertising.

Fossil fuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their "greenwashing." Environmental lawyers ClientEarth have…

27 04 2021 | 15:48

Guyana: Despite contract terms that heavily favor ExxonMobil, missteps continue to plague productivity and drag down returns.

ExxonMobil announces production cuts and improved financials – transparency needed ExxonMobil Guyana ended the year with good news – local operations reached maximum capacity of 120,000 bpd by end…

12 03 2021 | 08:51

Oil supermajors made $20.5 billion in 2020 but spent $49.9 billion to please investors

Five largest private-sector oil supermajors have dropped more than a half-trillion on shareholders over last decade The world’s five largest private-sector oil and gas companies collectively spent $…

12 02 2021 | 07:33

Ending fossil fuels now.

IEEFA: ExxonMobil 2020 results come as no surprise: still not covering dividends Spent $2.6 billion more cash on capital projects than it generated from operations This morning, ExxonMobil reported…

06 02 2021 | 12:14

ExxonMobil posts record loss, cuts value of shale assets by more than $20 billion.

Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion. Exxon…

20 01 2021 | 09:44

Exxon Discloses Full Scope of Fuel Emissions for First Time.

Exxon Mobil Corp. disclosed emissions data on customers’ use of its fuels and other products for the first time after coming under pressure from investors.

03 01 2021 | 08:41

JPMorgan’s Lee Raymond Steps Down From Board After 33 Years.

JPMorgan Chase & Co. said Lee Raymond, the company’s longest-serving director, is resigning from the board.

19 12 2020 | 10:57

ExxonMobil Lambasted Over 'Grossly Insufficient' Emissions Reduction Plan

ExxonMobil's Monday announcement of new targets for addressing greenhouse gas emissions was met with derision by climate advocates who called the plan "too little, too late." The targets cover the…

03 12 2020 | 14:07

Fossils in retreat.

First German coal closure auction oversubscribed as utilities look to exit uneconomic sector RWE AG was the major winner in Germany’s first tender for shutting down hard coal-fired power plants,…

02 11 2020 | 10:04

ExxonMobil warns of $30bn writedown of shale assets amid energy price slump.

Announcement follows record quarterly loss of $680m, its third quarterly deficit in a row. ExxonMobil has warned it may write down the value of its US shale assets by up to $30bn (£23.2bn) following…

24 10 2020 | 12:48

ExxonMobil says the long-term fundamentals have not changed. Really?

No fundamental shift is taking place in global energy markets, according to company reports In April, when announcing its first-quarter financial performance, including its first quarterly loss in…

22 10 2020 | 09:27

Trump asked Exxon for money. Period.

Trump has long preferred a mob-like form of communication which lives and dies on plausible deniability. He employed it masterfully last night in Arizona. “All I have to do is call up the head of…

19 10 2020 | 08:53

NextEra tops ExxonMobil market capitalization as clean energy transition continues.

In yet another sign of the pace of the global energy transition – and the massive switch taking place in the investment community – the market value of [a] company that describes itself as the world’…

23 09 2020 | 10:29

OPEC Turns 60: An Oil Cartel on Life Support.

In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty U.S. economy to its knees by slapping an oil embargo on Washington and its allies. The suspension of…

15 09 2020 | 10:35

City of Hoboken Files Climate Suit Against Big Oil: Exxon, Shell, More.

The city of Hoboken on Wednesday filed a lawsuit against multiple Big Oil players—including ExxonMobil, incorporated in New Jersey—joining an increasing number of state and local governments using…

25 08 2020 | 09:25

Major investment firm dumps Exxon, Chevron and Rio Tinto stock.

Storebrand says corporate lobbying to undermine climate solutions is ‘unacceptable’. A Nordic hedge fund worth more than $90bn (£68.6bn) has dumped its stocks in some of the world’s biggest oil…

25 08 2020 | 07:26

Oil giants including Exxon set first joint carbon target.

A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and ExxonMobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of…

19 08 2020 | 06:41

ExxonMobil warns of possible 20% writedown in oil and gas assets.

Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain…

22 07 2020 | 08:28

World's largest oil firm agrees to carbon cuts to tackle climate crisis.

Saudi Aramco joins Oil and Gas Climate Initiative pledge but critics say targets are insufficient. The world’s biggest oil company, Saudi Aramco, has joined an alliance of oil companies to set the…

04 07 2020 | 10:36

Petrol sold to Nigeria from Europe 'dirtier' than black market 'bush' fuel.

Samples from illegal refineries in Niger delta found to be of a higher quality than imported petrol in new analysis. Black market fuel made from stolen oil in rudimentary “bush” refineries hidden…