The oil giant is struggling as the industry shifts and investors look elsewhere for profits. CEO Darren Woods’s plan to make a comeback by spending more on fossil-fuel projects has so far proved unpopular.
Tag: Exxon
Exxon cuts up to $500 billion in joint ventures with Russia in response to US-imposed sanctions
Thomson Reuters Exxon Mobil Corp said on Wednesday it will exit joint ventures with Russia’s Rosneft , citing US and European Union sanctions first imposed in 2014. The move is an about-face for Exxon, which had opposed the sanctions over Russia’s invasion of Crimea and argued they unfairly penalized US companies trying to work with […]
Exxon pulling out of joint oil projects with Rosneft due to anti-Russia sanctions
Published time: 28 Feb, 2018 22:27 Edited time: 28 Feb, 2018 22:34 American oil giant Exxon Mobil Corp has announced its withdrawal from exploration and research projects with Russia’s Rosneft. The move, linked to Western powers’ anti-Russia sanctions, will cost Exxon some $ 200 million in losses. DETAILS TO FOLLOW Let’s block ads! (Why?)
Analysis of 187 documents concludes Exxon “misled the public” on climate change
Enlarge / Oil processing towers and gas processing infrastructure stand at the Exxon Mobil Corp. (credit: Dimas Ardian/Bloomberg via Getty Images) A review of 187 ExxonMobil documents, published by two Harvard researchers on Wednesday, has found that the company ”misled the public” on climate change. The documents included internal papers published by journalists at InsideClimate News […]
More Evidence Exxon Misled the Public About Climate Change
“Read all of these documents and make up your own mind.” https://media.wired.com/photos/599db57a0424f969052ed479/master/pass/ExxonMobil-HP-471531584.jpg Feed: All Latest
Why Exxon Was Fined $2 Million
The U.S. Treasury Department slapped a $ 2 million fine on Exxon Mobil for violating Russia-related sanctions in 2014 when Rex Tillerson, who is now the U.S. secretary of state, was the company’s CEO. At issue are the sanctions the U.S. imposed on Russia following its invasion in 2014 of Ukraine’s Crimea and an energy […]
NY prosecutor says Exxon needs to hand over documents on climate change risk
Enlarge / UNITED STATES – SEPTEMBER 13: A customer looks over a gasoline pump at an Exxon station in Columbus, Ohio, U.S., on Thursday, Sept. 13, 2007. (Photo by Gary Gardiner/Bloomberg via Getty Images) (credit: Getty Images) New York Attorney General Eric Schneiderman wants a state court to make oil giant Exxon Mobil turn over […]
Exxon investors clash with executives, vote in favor of annual climate report
Enlarge / Oil processing towers and gas processing infrastructure stand at the Exxon Mobil Corp. (credit: Dimas Ardian/Bloomberg via Getty Images) On Wednesday, 62.3 percent of investors in oil giant Exxon Mobil voted for the company to produce an annual report on the impacts of climate change policies on the company’s business. The resolution, which […]
Exxon ordered to work with NY AG over lost Tillerson emails on climate change
ExxonMobil has been ordered to work with New York’s attorney general after it revealed it lost emails belonging to its former CEO and current Secretary of State Rex Tillerson, who made an account under the alias “Wayne Tracker.” On Wednesday, Judge Barry Ostrager of the State Supreme Court in Manhattan has ordered the company to […]
BP shares surged after reports of Exxon takeover
Andrew Burton/Getty Images US energy giant ExxonMobil has reportedly gauged potential interest among BP’s major shareholders regarding a possible takeover, British newspaper Evening Standard reported on Friday, sending BP’s stock soaring to one-month highs in London and trading nearly 3 percent higher in New York shortly after opening. The two energy supermajors Exxon and BP have a […]
