Oil companies are partying like it’s 2008. As during the global financial crisis that took hold that year, economies face the prospect of deep recessions but oil companies are reaping record profits…
“We’re pleased,” ExxonMobil’s CEO, Darren Woods, said on an earnings call last month, speaking about the Inflation Reduction Act. He called the bill, now making its way through the US Congress, “…
ExxonMobil, Chevron and Shell posted record profits in the second quarter of 2022 as companies announced earnings this week.
The profits come as the world saw extremely high prices of both oil and…
Two analyses identify loopholes in Guyana contract to benefit ExxonMobil and partners
May 24, 2022 (IEEFA) – Guyana government officials face a decision on a request from ExxonMobil to renew an…
New report shows ExxonMobil will receive $3.2 billion for decommissioning costs
May 26, 2022 (IEEFA) – ExxonMobil is going against industry standards in Guyana by receiving $3.2 billion for…
Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyana’s coast a “blessing” that will earn billions of dollars for one of the poorest countries in the …
The Government, which is hosting the COP26 UN climate summit in Glasgow, is being formally advised by Texas fossil fuel giant ExxonMobil – one of the world’s biggest funders of climate science denial…
Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy…
The mayor of Imperial Beach, California, says big oil wants him to drop the lawsuit demanding the industry pay for the climate crisis
Serge Dedina is a surfer, environmentalist and mayor of…
ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to adequately prepare for possible disaster, the Guardian and Floodlight…
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt taken on…
Thinktank InfluenceMap accuses petroleum giants of gaming Facebook to promote oil and gas as part of climate-crisis solution.
Facebook failed to enforce its own rules to curb an oil and gas industry…
A loophole allows ExxonMobil consortium to reduce profits to Guyana for oil discoveries that may never be developed
July 29, 2021 (IEEFA) ─ In a deal with ExxonMobil, Hess and China National…
Tiny hedge fund Engine No 1 says a strong climate strategy simply makes good business sense.
The activist hedge fund behind ExxonMobil’s boardroom coup last week has claimed another seat from the…
Extraction will lead to emissions of billions of tonnes of greenhouse gases, threatening right to live in a healthy environment, court case argues
At the end of April, oil giant ExxonMobil announced…
National oil champions are likely to fill the gap left by private-sector players—meaning emissions won't shrink as fast as the supermajors.
When Exxon Mobil Corp. decided to get out of a big oil…
The company’s facility in Baton Rouge is the worst soot polluter in the country.
Three Exxon Mobil oil refineries are pumping out eight times more than the average rate of soot pollutants than…
One of the most expensive Wall Street shareholder battles on record could signal a big shift in how hedge funds and other investors view sustainability.
Campaigners sense turning point as shareholders, boards and The Hague act to force Chevron, ExxonMobil and Shell to cut pollution.
The world’s patience with the fossil fuel industry is wearing thin…
Fresh from striking a hammer blow in the boardrooms of the world’s biggest oil companies, the climate movement has a clear message: the energy transition is happening and there’s no turning back.
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