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…
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…
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…
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…
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…
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 $…
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…
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…
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.
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…
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,…
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…
No fundamental shift is taking place in global energy markets, according to company reports
In April, when announcing its first-quarter financial performance, including its first quarterly loss in…
Trump has long preferred a mob-like form of communication which lives and dies on plausible deniability. He employed it masterfully last night in Arizona.
“All I have to do is call up the head of…
In yet another sign of the pace of the global energy transition – and the massive switch taking place in the investment community – the market value of [a] company that describes itself as the world’…
In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty U.S. economy to its knees by slapping an oil embargo on Washington and its allies. The suspension of…
The city of Hoboken on Wednesday filed a lawsuit against multiple Big Oil players—including ExxonMobil, incorporated in New Jersey—joining an increasing number of state and local governments using…
Storebrand says corporate lobbying to undermine climate solutions is ‘unacceptable’.
A Nordic hedge fund worth more than $90bn (£68.6bn) has dumped its stocks in some of the world’s biggest oil…
A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and ExxonMobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of…
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