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.
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.
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.
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.
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.
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.
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.
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.
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.
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. Oil companies are reversing 2020 spending ...
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. Justice Barry Ostrager in Manhattan Supreme Court ruled that the state ...
