ExxonMobil News Updates

BusinessFuel

Exxon Profits Drop as Most of World Stays ºÚÁϳԹÏÍø

NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.

May 1, 2020
GovernmentBusinessTechnologySafetyFuel

Exxon Outlines Steps to Reduce Harmful Methane Emissions

NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.

March 3, 2020
BusinessFuel

Exxon Mobil Prevails in Lawsuit Over Climate Regulations

NEW YORK — Exxon Mobil won Dec. 10 in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business.

December 11, 2019
BusinessFuel

Exxon Profit Plummets With Plenty of Oil to Go Around

IRVING, Texas — Exxon Mobil’s profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped.

November 1, 2019
GovernmentBusinessFuel

Exxon Is Discouraging Witnesses in Climate Suit, N.Y. Says

New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change.

August 8, 2019
GovernmentBusinessSafetyFuel

Amazon, ExxonMobil Among Corporations Called Out Over Climate Transparency

Amazon.com, Exxon Mobil Corp. and Volvo are among more than 700 companies being targeted in a campaign backed by a large group of investors advocating for greater transparency when it comes to environmental impact.

June 17, 2019
GovernmentBusinessTechnologyFuel

Exxon, Saudis Bet on Plastic, Chemicals With Coastal Texas Plant

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.

June 14, 2019
BusinessFuel

Exxon, Chevron to Face Climate Change Pressure From Investors

Exxon Mobil Corp. and Chevron Corp.’s unwillingness to venture beyond their core oil and gas business will face a test May 29 when shareholders vote on climate change proposals at both oil companies’ annual meetings.

May 28, 2019
GovernmentBusinessFuel

Cyprus: ExxonMobil Finds Third-Biggest Gas Deposit in Two Years

NICOSIA, Cyprus — ExxonMobil has made the world’s third-biggest gas find in the past two years off the cost of Cyprus, the country’s government said Feb. 28.

February 28, 2019
BusinessFuel

Exxon Puts $1 Million Into Hunt for Carbon Tax and Rebate

Exxon Mobil Corp. is putting $1 million into a political campaign that, if successful, would effectively spawn a tax tied to the company’s core products.

October 9, 2018