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ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.

ExxonMobil’s chief executive said Oct. 28 that his company “does not spread disinformation regarding climate change,” as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the dangers of global warming.

An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.

ExxonMobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production offline.

NEW YORK — ExxonMobil swung back to a profit and topped expectations on profit and revenue during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.

NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.

ExxonMobil Corp. sees multiple money-making opportunities in a low-emissions world and is targeting partnerships with venture funds to help finance growth in its carbon capture business, CEO Darren Woods said.

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.