Exxon Mobil

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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.

28 05 2021 | 12:21

Activist investors hand historic defeat to ExxonMobil in proxy battle.

An activist investor won at least two seats on the board of Exxon Mobil Corp. XOM +0.65% , a historic defeat for the oil giant that will likely force it to alter its fossil-fuel focused strategy and…

21 05 2021 | 11:11

British insurer joins investors seeking overhaul of ExxonMobil climate policy.

British insurer Legal & General Group Plc became the largest-yet Exxon Mobil Corp. investor to support an activist campaign to overhaul the oil giant’s board and make its climate goals more…

20 05 2021 | 13:35

Twenty firms produce 55% of world’s plastic waste, report reveals

Twenty companies are responsible for producing more than half of all the single-use plastic waste in the world, fuelling the climate crisis and creating an environmental catastrophe, new research…

15 05 2021 | 12:10

The Greenwashing Files: Fossil Fuel Giants Accused of ‘Deceptive’ Advertising.

Fossil fuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their "greenwashing." Environmental lawyers ClientEarth have…

27 04 2021 | 15:48

Guyana: Despite contract terms that heavily favor ExxonMobil, missteps continue to plague productivity and drag down returns.

ExxonMobil announces production cuts and improved financials – transparency needed ExxonMobil Guyana ended the year with good news – local operations reached maximum capacity of 120,000 bpd by end…

12 03 2021 | 08:51

Oil supermajors made $20.5 billion in 2020 but spent $49.9 billion to please investors

Five largest private-sector oil supermajors have dropped more than a half-trillion on shareholders over last decade The world’s five largest private-sector oil and gas companies collectively spent $…

12 02 2021 | 07:33

Ending fossil fuels now.

IEEFA: ExxonMobil 2020 results come as no surprise: still not covering dividends Spent $2.6 billion more cash on capital projects than it generated from operations This morning, ExxonMobil reported…

06 02 2021 | 12:14

ExxonMobil posts record loss, cuts value of shale assets by more than $20 billion.

Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion. Exxon…

20 01 2021 | 09:44

Exxon Discloses Full Scope of Fuel Emissions for First Time.

Exxon Mobil Corp. disclosed emissions data on customers’ use of its fuels and other products for the first time after coming under pressure from investors.

03 01 2021 | 08:41

JPMorgan’s Lee Raymond Steps Down From Board After 33 Years.

JPMorgan Chase & Co. said Lee Raymond, the company’s longest-serving director, is resigning from the board.

19 12 2020 | 10:57

ExxonMobil Lambasted Over 'Grossly Insufficient' Emissions Reduction Plan

ExxonMobil's Monday announcement of new targets for addressing greenhouse gas emissions was met with derision by climate advocates who called the plan "too little, too late." The targets cover the…

03 12 2020 | 14:07

Fossils in retreat.

First German coal closure auction oversubscribed as utilities look to exit uneconomic sector RWE AG was the major winner in Germany’s first tender for shutting down hard coal-fired power plants,…

02 11 2020 | 10:04

ExxonMobil warns of $30bn writedown of shale assets amid energy price slump.

Announcement follows record quarterly loss of $680m, its third quarterly deficit in a row. ExxonMobil has warned it may write down the value of its US shale assets by up to $30bn (£23.2bn) following…