#EXXONMOBIL News
Column: These companies cynically used global crises to juice profits
latimes.com What’s responsible for the high prices you’re still seeing at the store? Corporate “greedflation.” Throughout all the debate in the last year over what has caused higher…
World’s biggest investment fund takes on Exxon and Chevron over the climate crisis
cnn.com The world’s biggest investor in the stock market wants ExxonMobil and Chevron to do more to tackle the climate crisis. Norway’s sovereign wealth fund, which holds $1.4…
Minister: Chevron 'positive' about Israeli-Cypriot plans for natural gas pipeline, processing plant
go.com NICOSIA, Cyprus -- Oil and gas company Chevron is “positive” about an Israeli-Cypriot plan for a pipeline that would convey offshore natural gas from both countries to…
Is a Debt Deal Nigh? The Market Sees Signs of Optimism
nytimes.com Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting. Investors are holding their…
Semafor Net Zero: Algae's climate comeback
semafor.com The Facts For decades, algae and seaweed were trumpeted as potentially revolutionary biofuels that would replace gasoline — only to suffer repeated setbacks and struggles to…
Norway adds pressure as oil major climate protests heat up
reuters.com Pressure mounted on oil majors on Friday as Norway's giant sovereign wealth fund said it would vote against CEOs at Chevron (CVX.N) and Exxon (XOM.N) and French police…
Chevron's PDC Energy Acquisition Signals Confidence
forbes.com On May 22, 2023, Chevron announced that it had entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE). Chevron will acquire all of the outstanding shares…
Just 2 AAA-Rated Companies Remain As U.S. Risks Being A Deadbeat
investors.com Lawmakers are playing chicken with the debt ceiling — and the U.S.' creditworthiness. Luckily there are still two U.S. S&P 500 companies left with perfect AAA credit ratings…
Companies are finding it’s not so simple to leave Russia. Some are quietly staying put
theglobeandmail.com When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.…
This 11% Dividend Is Impossibly Cheap
forbes.com Meanwhile, we “second-level” contrarians consider NRGX as a high-yield play on higher oil prices. What’s the difference? Well, PIMCO Energy & Tactical Credit (NRGX) yields…
Some companies say they can't quit Russia, others find leaving complicated but worth it
cbc.ca More than a year after the Ukraine invasion, it's clear: Leaving Russia was not as simple as the first announcements might have made it seem for global companies. Though…
Companies are finding it's not so simple to leave Russia. Others are quietly staying put
go.com When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.…
5 of the Biggest Sectors Traded on the Markets #shorts #trading #market
youtube.com Here's 5 of the biggest sectors traded on the markets. As well as trading huge energy companies like ExxonMobil, BP and Shell, ...
Companies find it's not so simple to leave Russia; some quietly stay put
apnews.com When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.…
'I'm not sure history has ever seen this before': Top CEOs on what they expect next from the economy
cnbc.com The CEO of bond investing giant TCW Group, Katie Koch, heard what she wanted to hear at this week's CNBC CEO Council Summit. It wasn't good news, but it matched her view of…
The Ultimate Buy and Hold Portfolio?
morningstar.com Recently I obtained a table of the 10 largest U.S.-listed companies, as measured by market capitalization, in December 1986. One was a Dutch oil company, which I discarded,…
Corrections & Amplifications
wsj.com Exxon Mobil purchased drilling rights for a tract of land in Arkansas from which it aims to produce lithium. The Page One What’s News column Monday incorrectly said the land…
The Supreme Court just gave a massive boost to the dozens of cities suing Big Oil over rising sea levels, 2 law professors say
fortune.com Honolulu has lost more than 5 miles of its famous beaches to sea level rise and storm surges. Sunny-day flooding during high tides makes many city roads impassable, and…
Shooting victim sues gas station after clerk locks customers inside with armed robber
siliconvalley.com By Kara Berg | The Detroit News One of the three men who was shot inside a Detroit gas station May 6 has filed a lawsuit against ExxonMobil Corp. and the owner of the gas…
Chevron Deal Could Kick Off Another Round Of U.S. Shale Consolidation
forbes.com In early May, I wrote a piece here detailing the fact that the first quarter of 2023 was the slowest quarter for mergers and acquisitions (M&A) activity in the oil and gas…
Why hasn't Google enforced its policy to stop climate disinformation?
theweek.com In October 2021, Google promised it would address videos on its platform spreading climate denial and misinformation. The company introduced a new policy that would…
Exxon Tiptoes Into the EV Future With Lithium Deal
barrons.com Exxon Mobil has bought land in Arkansas that contains lithium, a key component in lithium-ion batteries that power electric vehicles.
Is Salesforce Stock A Buy As Activist Investors Drive Big Changes?
investors.com Whether to buy CRM stock now depends on investor confidence in the "new" Salesforce (CRM) — a big cap software maker focused on profits rather than sales growth. X…
Exxon Joins EV Race for Lithium. It Won’t Save The Stock
barrons.com Exxon Mobil has bought land in Arkansas that contains lithium, a key component in lithium-ion batteries that power electric vehicles.
Four-Fifths of Board Members at America’s Top Six Banks are Climate Conflicted
nakedcapitalism.com By Rachel Sherrington, a freelance investigative researcher and reporter based in London. She is the former Lead Researcher and Reporter at DeSmog, where she oversaw…
ExxonMobil, Shell Explode A Pair Of Energy Transition Myths
forbes.com In a pair of recent stories, publicly-held oil majors ExxonMobil and Shell exploded a pair of the most popular myths that have become a part of the overarching narrative of…
Can carbon removal become a trillion-dollar business?
economist.com “T the birth of a new species,” declared Julio Friedmann, gazing across the bleak landscape. Along with several hundred grandees, the renowned energy technologist had…
Exxon Joins Hunt for Lithium in Bet on EV Boom
wsj.com Exxon is seeking a foothold in a region believed to contain lithium reserves to produce the mineral and test the viability of extraction technologies. Exxon Mobil is bracing…
Energy Stocks And Industry News: Oil, Gas, Solar, Coal
investors.com U.S. shale companies like Diamondback Energy (FANG), Continental Resources (CLR) and EOG Resources (EOG) are becoming the new swing producers for the global oil market,…
The U.S. is expanding CO2 pipelines. One poisoned town wants you to know its story
npr.org The U.S. is expanding CO2 pipelines. One poisoned town wants you to know its story SATARTIA, Miss. – On Feb. 22, 2020, a clear Saturday after weeks of rain, Deemmeris…
Exxon Crushes Progressive Dreams That "Net Zero" Has Any Chance By 2050: It Would Mean Collapse In "Global Standard Of Living"
zerohedge.com Exxon Crushes Progressive Dreams That "Net Zero" Has Any Chance By 2050: It Would Mean Collapse In "Global Standard Of Living" In a world of suffocating snowflakery, ESG…
Meet the entrepreneur who's now the 2nd-richest person in Britain and is worth about $37 billion
businessinsider.com Jim Ratcliffe was knighted in 2018. Valery Hache/Getty Images Jim Ratcliffe is Britain's second-richest person worth $37 billion, per The Sunday Times Rich List. A lifelong…
Saudi Aramco makes an eye-popping $160bn in profit
economist.com The world’s energy supermajors had a bountiful 2022. ExxonMobil, the largest of the private-sector giants, reported a record annual net profit of $56bn, after Russia’s…
Where on Earth is big oil spending its $150bn profit bonanza?
economist.com T end of the second world war Franklin D. Roosevelt attended a fateful gathering of world leaders that helped determine the course of geopolitics for decades. No, not the…
America’s chance to become a clean-energy superpower
economist.com T catches you in unexpected places. Drive down Interstate 95, the highway running along America’s Atlantic coast, into south-eastern Georgia and you will find signs and rest…
ExxonMobil appeals ruling by Guyanese court in oil spill insurance coverage
apnews.com American oil giant ExxonMobil said Friday it had appealed a recent Guyanese court ruling forcing it to set aside hundreds of millions of dollars in the event of a major oil…
Fossil fuel firms owe climate reparations of $209bn a year, says study
theguardian.com The world’s top fossil fuel companies owe at least $209bn in annual climate reparations to compensate communities most damaged by their polluting business and decades of…
Oil Updates
arabnews.com RIYADH: Oil prices fell on Thursday as traders watched for signs of progress on talks to raise the US debt ceiling, after surging nearly 3 percent in the previous session on…
Do conservatives actually like RFK Jr., or do they just think he'll hurt Biden?
reason.com After announcing he would challenge President Joe Biden for the 2024 Democratic presidential nomination, Robert F. Kennedy Jr. saw a burst of popularity, polling as high as…
Stock market today: Japan rises on GDP data; rest of region shaky
apnews.com Asian shares were trading mixed Wednesday as Japan’s benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty.…
In Another Blow to Big Oil, US Supreme Court Rejects Effort to Kill Climate Suits
commondreams.org On the heels of similar decisions last month, the U.S. Supreme Court on Monday delivered "another win for climate accountability," rejecting fossil fuel corporations'…
U.S. refiners build new oil processing as travel rises
reuters.com [1/2] A general view of a new crude distillation unit under construction at Exxon Mobil's refinery in Beaumont, Texas, U.S., November 23, 2022. REUTERS/Erwin Seba/File Photo…
The Morning Risk Report: Jump Trading Did Secret Deal to Prop Up TerraUSD Stablecoin, SEC Says
createsend.com Good morning. U.S. high-speed trading giant Jump Trading entered a secret deal to prop up the TerraUSD cryptocurrency a year before the coin’s collapse, new court filings…
Is your university profiting from climate change?
cbsnews.com While many universities are proud to talk about how they fight climate change, some also invest in and accept donations from the same oil companies that drive global…
Exxon settles Indonesia torture case that led to SEC official’s ouster
cnn.com Exxon Mobil on Monday settled a long-running human rights lawsuit with villagers who claimed soldiers Exxon hired to guard a natural gas facility in Indonesia committed…
ExxonMobil settles decades-old torture case with Indonesian villagers
bbc.co.uk They also said pregnant women were forced to jump repeatedly before being sexually assaulted, and men were subjected to electric shocks, burns, and knife-inflicted graffiti…
These are the top 10 holdings of the Mormon Church's $46 billion stock portfolio
businessinsider.com Getty Images The $100 billion investment arm of the Mormon Church revealed its holdings in a 13F filing this week. A whistleblower alleged over the weekend that the church…
Exxon kills the ‘God pod,’ a 20,000-square-foot palace for its C-Suite that excluded most employees
fortune.com Gods, kings and oil tycoons, they all have to fall from their high perch at some point or another– or at least downsize to less palatial grounds. Much like Marie Antoinette,…
Monday's biggest calls on Wall Street, according to analysts
cnbc.com Here are Monday's biggest calls on Wall Street: Baird upgrades Albemarle to outperform from neutral Baird said the lithium company is well positioned to take advantage in…