Exxon Mobil

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17 08 2022 | 16:02

Oil firms seem more interested in shareholders than net zero

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…

17 08 2022 | 15:49

Congress is about to pass a historic climate bill. So why are oil companies pleased?

“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, “…

09 08 2022 | 08:47

Big Oil companies post record profits

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…

01 06 2022 | 17:03

IEEFA: Guyana is paying for oil costs 20 years in the future, with no guarantees that money will be there when needed

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…

01 06 2022 | 16:58

IEEFA: ExxonMobil benefits from loophole requiring Guyana to pay for costs of decommissioning wells

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…

26 05 2022 | 06:52

We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza

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 …

09 11 2021 | 13:56


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…

23 10 2021 | 09:24

WSJ: ExxonMobil board mulls scrapping Vietnam, Mozambique projects

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…

18 10 2021 | 09:10

A US small-town mayor sued the oil industry. Then Exxon went after him

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…

26 08 2021 | 07:54

Controversial ExxonMobil Guyana project faces potential safety disaster

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…

23 08 2021 | 12:37

ExxonMobil begins selling off U.S. shale gas properties to raise money

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…

12 08 2021 | 08:44

Facebook let fossil-fuel industry push climate misinformation, report finds

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…

30 07 2021 | 10:52

ExxonMobil contract leaves Guyana out of oil gains

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…

28 06 2021 | 12:39

‘This isn’t ideological’: reluctant ‘green hero’ behind Exxon coup.

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…

18 06 2021 | 09:08

Allowing ExxonMobil’s Guyana oil drilling will illegally exacerbate climate crisis, lawsuit claims

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…

15 06 2021 | 11:06

The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel.

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…

05 06 2021 | 12:36

Three of Exxon’s refineries on US list of biggest polluters.

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…

02 06 2021 | 18:44

Engine No. 1’s big win over Exxon shows activist hedge funds joining fight against climate change

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.

01 06 2021 | 17:07

‘Black Wednesday’ for big oil as courtrooms and boardrooms turn on industry.

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…

30 05 2021 | 17:14

Big Oil’s Climate-Change Takedown Arrives With Stunning Rebukes

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.