Tag - exxon

 
 

EXXON

Vehicles pass in front of an Exxon service station in Bethesda, Maryland, on Monday. Material stolen from the company's critics in a hack-and-leak operation continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
BUSINESS / Companies
Nov 28, 2024
Exxon lobbyist probed over hacked papers that disrupted climate lawsuits
The stolen material continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
Oil pump jacks in Tatarstan, Russia, on June 4
BUSINESS / Companies
Sep 21, 2023
Oil companies cautious about drilling as energy transition looms
Instead of spending big to boost output, oil companies are boosting dividends or buying back shares to reward investors.
Exxon Mobil projects the world will reach 25 billion metric tons of energy related carbon dioxide emissions in 2050.
ENVIRONMENT / Climate change
Aug 29, 2023
Exxon says world set to fail global warming cap by 2050
The largest U.S. oil producer projects the world will reach 25 billion metric tons of energy related carbon dioxide emissions in 2050.
Japan Times
COMMENTARY / World
May 26, 2023
What Exxon won’t tell you about climate costs
Society might be willing to make sacrifices if it meant avoiding even worse damage from global warming.
Japan Times
BUSINESS
Oct 18, 2022
Exxon exits Russia empty-handed with oil project 'unilaterally terminated'
An Exxon spokesperson declined to comment on whether it will proceed to contest the seizure through an international arbitration process, a possibility flagged in August.
BUSINESS
Mar 2, 2022
Exxon to leave Russia as Ukraine war pressures energy giants
As pressure grows on global energy giants to respond decisively to the invasion of Ukraine, Exxon Mobil Corp. has said it would join key rivals in exiting Russia.
Japan Times
BUSINESS
Feb 1, 2022
Exxon unveils sweeping restructuring in latest cost cutting move
The broad restructuring marks its latest cost-cutting effort after activist investors seeking to boost returns and address the energy transition won three seats last spring on its board.
Japan Times
BUSINESS
Jun 5, 2021
Exxon's activist director says she’s no climate radical
One of the newest faces at Exxon Mobil wants to make sure she's not misunderstood as she's propelled to sudden fame in a battle between climate activists and the oil industry.
Japan Times
BUSINESS / FOCUS
May 28, 2021
Exxon's reckoning: The little engine that could, and the oil giant that couldn't
Stakeholders familiar with Exxon's thinking said Wednesday's board defeat was years in the making due to ongoing weak returns.
Japan Times
BUSINESS
May 27, 2021
Exxon loses board seats to activist hedge fund in landmark climate vote
The success by hedge fund Engine No. 1 in its showdown with Exxon shocked an energy industry struggling to address growing investor concerns about global warming.
Japan Times
BUSINESS / FOCUS
Apr 29, 2021
As rivals made fortunes, Exxon retreated from oil trading amid pandemic
'They were careful with capital during a period of time when they maybe shouldn't have,' one trader who left Exxon in the last year said of its management.
Japan Times
ASIA PACIFIC / Science & Health
Jan 19, 2021
Big Oil’s flagship plastic waste project sinks on the Ganges
The failure is a sign that the industry is falling short of its targets to curb an increase in waste, two environmental groups say.
Japan Times
WORLD
Dec 9, 2020
Why Exxon Mobil is holding back on technology that could slow climate change
Even if Exxon one day completes its carbon-capture plans in Wyoming, the current delay shows that urgent climate projects can sometimes become expendable in a crunch.
Japan Times
COMMENTARY / World
Dec 9, 2020
Exxon's activist uses weapons provided by Exxon
The fact the activist led with this straightforward jab speaks to the difficulty inherent to landing the other punch: namely, getting Exxon to look beyond oil and gas.
Japan Times
BUSINESS / Companies
Jul 25, 2020
India's Reliance now world’s second-largest energy company
Reliance shares have jumped 43 percent this year versus a 39 percent drop in Exxon shares as refiners struggle with a plunge in fuel demand.
Japan Times
BUSINESS / Companies
Apr 8, 2020
After cuts by other major oil producers, Exxon chops spending by 30%
Exxon Mobil Corp on Tuesday throttled back a multi-year investment in shale, LNG and deep water oil production and will cut planned capital spending by 30 percent this year as the COVID-19 pandemic saps energy demand and oil prices.
Japan Times
BUSINESS
Dec 11, 2019
Exxon Mobil prevails in New York climate change lawsuit
A judge on Tuesday ruled in favor of Exxon Mobil Corp. in a lawsuit brought by New York state accusing the oil company of hiding from investors the true cost of addressing climate change.
Japan Times
WORLD
Dec 5, 2019
Report from Exxon Mobil-owned firm in 1991 shows the cost of curbing CO2
Back in 1991, when climate policy was in its infancy, an Exxon subsidiary came to a startling and prescient conclusion about how to curb carbon-dioxide emissions that cause global warming: It would require a heavy price on carbon dioxide pollution before the companies creating emissions would change,...
Japan Times
BUSINESS
Nov 8, 2019
Exxon calls New York climate case a 'joke' on last day of trial
A lawyer for Exxon Mobil Corp. mocked New York's fraud lawsuit against the oil giant, saying the state had falsely accused engineers and scientists of cooking up a massive scheme to mislead investors about the financial risks of climate change.
Japan Times
BUSINESS
Oct 22, 2019
Companies slow to disclose financial costs of climate change, Moody's says
U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, according to Moody's Investors Service.

Longform

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