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 ...
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 ...
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. "It's a cruel joke, your ...
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. The analysis of the public filings of ...
Answer to climate change will be found in labs, Exxon Mobil CEO says
For Darren Woods, Exxon Mobil Corp.'s chief executive officer, the answer to climate change won't be found in solar panels or high-profile global accords, but rather in a U.S. government laboratory. At a time when environmentalists want Exxon to leave more oil and gas in ...
Venezuela navy confronts Exxon oil-exploration ship in Guyana border row
Venezuela's navy "intercepted" a ship exploring for oil on behalf of Exxon Mobil Corp. in Guyanese waters over the weekend, neighboring Guyana's foreign ministry said in a statement, while Venezuela said the incident occurred within its territory. The latest incident in a century-old border dispute ...
