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updated Mon. April 22, 2024

Climate change lawsuits are no longer limited to coastal cities worried about rising sea levels, as two Colorado counties are suing Exxon Mobil (NYSE:XOM) and Suncor Energy (NYSE:SU) for their purported effects on the environment and climate change. The lawsuit claims fossil fuel combustion has ...
If the deal falls through, it would be bad news not just for Baghdad, but for Exxon as well as the deal would mean the supermajor would receive the rights to develop two fields in southern Iraq in addition to West Qurna 1: Nahr Bin Umra and Artawi. More fields could be thrown in as well, the Reuters report ...

Exxon Mobil Corp. filed a notice of appeal to the U.S. Court of Appeals for the Second Circuit Friday, challenging the dismissal last month of its suit against the attorneys general of New York and Massachusetts over allegations their action over whether the energy giant committed fraud by withholding its ...
Boulder and San Miguel counties in Colorado are suing ExxonMobil and Suncor Energy for their effects on the environment and their negative contributions to climate change. Up until this point climate change lawsuits have been limited to coastal cities worried about sea level rise. However, these ...
A lawsuit filed in Colorado state court by the counties of Boulder and San Miguel and the city of Boulder seeks to force ExxonMobil and SunCor to be ... In a press release, Richard Wiles, executive director of the Center for Climate Integrity, said, “Exxon's internal memos warned that rising temperatures ...
ExxonMobil Grease Demos At MRO Americas 2018. From the exhibition floor at MRO Americas 2018, Gary K. Dudley, ExxonMobil's global grease product technical advisor, demonstrates the results of grease tests applicable to the aviation industry. Apr 20, 2018 ...

Climate change will doom the long cycle production and heavy in legacy expenses U.S. oil majors. Lawsuits, stranded assets, expensive alternatives for growth and no buyers for assets will hamper Exxon and Chevron for a long time. There are better positioned oil companies to play the last great secular ...
Russian state oil company Rosneft will continue geological explorations in the Arctic offshore zone after ExxonMobil quits the joint projects, reports TASS. ... Exxon Mobil decided to withdraw from the joint projects with Rosneft in late 2017 after Washington issued a legal act expanding against Russia.
A climate investigation into Exxon Mobil can move forward after a federal judge ruled against the energy giant. Judge Valerie Caproni, of the U.S. District Court's Southern District of New York, ruled that Exxon Mobil could not sue to stop state officials from investigating whether the energy company misled ...
Overall, the new blocks won by ExxonMobil have expanded its acreage in Brazil by nearly 640,000 net acres, thereby helping the company to have a portfolio of more than two million net acres. It also takes the count of the company's offshore blocks in Brazil to 24. In two blocks in the Santos area, ...
“I am pleased with the court's decision to dismiss Exxon's frivolous, nonsensical lawsuit that wrongfully attempted to thwart a serious state law enforcement investigation into the company. As the Court noted, Exxon's claims in this lawsuit were 'implausible' and unsupported, while its strategy amounted to a ...
Do you mean to tell me that Exxon was so desperate that it even bribed drivers? I did not receive money or an offer to pay money from Exxon-Mobil for the award of the oil contract related to Block 13, neither am I aware of anyone who may have requested or received a bribe from the aforesaid company, ...
ExxonMobil snapped up eight offshore exploration blocks in the latest Brazilian bid round on Thursday, leading Big Oil's aggressive move on acreage next to the coveted pre-salt layer that resulted in a record-high signature bonus proceeds for the government, as oil majors were eager to get into the area ...
ExxonMobil (XOM) won't be able to stop state investigations into whether it misled investors and the public about its knowledge of climate change. A federal judge in Manhattan on Thursday dismissed Exxon's lawsuit claiming officials in New York and Massachusetts were pursuing bad faith investigations in ...
Ortwein told the audience that she first worked in Midland 25 years ago as operations technical manager for Exxon, the first of several assignments she has had where she was responsible for aspects of the Permian. “At the time we were really focused on secondary and tertiary recovery and getting the ...
ExxonMobil CEO Darren Woods says he's proud of what his company is doing to address climate change. In a recent report to shareholders, he cited the company's support for a carbon tax and the Paris climate agreement as evidence of ExxonMobil's unwavering commitment to saving the planet.
Exxon Mobil Corp. shareholders will vote later this year on an investor request for more reporting on its directors' gender, race, and skills. The oil giant is the only company that pushed back on a shareholder proposal from New York City Comptroller Scott Stringer, who oversees the city's $180 billion public ...

ExxonMobil is an appealing income play in the energy sector that has produced above-average dividend growth in the past. I discuss three reasons why (income) investors may want to consider ExxonMobil for a high-quality DGI portfolio. Shares have an attractive risk-reward after the February market drop.
Exxon Mobil Chairman and CEO Darren Woods said that 2018 capital expenditures for 2018 would be $24 billion, including chemical, upstream, and downstream businesses, a bit higher than 2017's $23 billion. Next year it will jump to $28 billion and rise to about $30 billion in the 2020-25 period. Woods ...
The U.S. Navy has increased its Mediterranean fleet, just a couple of weeks before Exxon is due to send two surveying vessels to explore offshore Cyprus near the area where Turkey blocked an Eni drilling ship from prospecting in February, Turkish news outlet Ahval reports. Last year, ExxonMobil and ...
Calstrs' U.S.-traded equities, valued at $48.6 billion at Dec. 31, account for a little more than a fifth of the $231.6 billion portfolio. In the fourth quarter, the pension bought more shares of large caps including General Electric (ticker: GE), AT&T (T), Bank of America (BAC), Exxon Mobil (XOM) and Intel (INTC).
ExxonMobil has much to answer for when the topic is climate change, environmental destruction, and the creation of the global refugee crisis, but it is finally waking up to the full bottom line advantages of killing off coal. Last year Bloomberg noted that ExxonMobil has been funding scores of renewable ...
Prior to 2016, the NBA had not had a motor oil sponsor for more than 15 years. Castrol had league rights from 1993 until 2000. Rachel Jacobson, NBA senior vice president of business development and global partnerships, said at the time that Exxon Mobil is "endemic to motorsports, but we open up a new ...
WASHINGTON - Exxon Mobil Corp. and other fossil-fuel giants are taking legal action against local governments, seeking to undermine a key part of their finances - their relationship with lenders. Exxon Mobil's targets are several California cities and counties that have filed state lawsuits, claiming that the ...
Rachel Jacobson, NBA senior vice president of business development and global partnerships, said at the time that Exxon Mobil is "endemic to motorsports, but we open up a new demographic.” With 14,000 employees in the Houston area, Exxon is the third-largest energy employer in the Bayou City, ...
A busy week for ExxonMobil marked a continued companywide transition for the world's largest public oil and gas firm, headlined by its withdrawal from once-promising Russian joint ventures and its announcement of a seventh oil discovery off Guyana. According to a filing with the US Securities and ...
Although ExxonMobil has stated its support for the Paris Agreement, which aims to keep increases in carbon emissions to well below 2℃ above pre-industrial levels, the company continues to project an increase in global demand for its products. In its 10-K, Exxon estimated that by 2040 demand for liquid ...
Exxon shares have tumbled more than 10 percent this year amid a historically rough patch for the energy sector, but one analyst sees double-digit gains ahead for the stock. Sam Margolin, energy analyst and managing director at Cowen, is one of the most bullish Exxon analysts on Wall Street, with a $100 ...
Exxon Mobil Corp. built a runway to land some of the world's biggest planes as part of its endeavor to tap gas riches in one of the most remote spots on Earth. But an earthquake Monday in Papua New Guinea wrecked the 3.2 kilometer (2 mile) airstrip, potentially hampering efforts to restart Exxon's $19 ...
ExxonMobil Corp. (NYSE: XOM) is selling its entire stake in the Terra Nova oil project off the eastern coast of Canada, though the world's largest publicly traded oil producer said it was committed to remaining an investor in the region. The project, located about 350 km (217 miles) off Newfoundland and ...
ExxonMobil Corporation is the latest entrant into Ghana's upstream sector, with interest in the Deepwater Cape Three Points block. Eight deepwater and ultra-deepwater discoveries were made in Ghana over the past five years, according to GlobalData. Water depths for the newly discovered fields varied ...
During the early years of the Obama administration, when there was a brief warming of relations, Exxon Mobil signed an exploration deal with the Russians. Exxon and Rosneft, which is only half-owned by the Russian government but state-run, agreed to invest $3.2 billion to search for oil in deepwater ...
This brings us to another American icon of the past: ExxonMobil (NYSE:XOM). It was clearly one of the most respected oil companies in the world. Its stock was passed from generation to generation, with a deathbed whisper "Never sell Exxon." And for a long period of time, if you listened to that whisper, you ...
Exxon Mobil Corp. (NYSE: XOM), which has a major presence in the Houston area, is considering building a new facility on the Gulf Coast, according to a ... America and the high-growth Asia Pacific region,” John Verity, president of Springwoods Village-based ExxonMobil Chemical Co., said in the release.


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