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The Latest Breaking News from Exxon

This oil giant accurately predicted global warming — and still lied about it

New research finds ExxonMobil's internal research accurately projected global warming, even as their public messaging downplayed climate change.

Inverse

Commentary: Lying about climate change is its own industry

Over the holidays too many years ago, when I was little more than a toddler, I was caught in a baldfaced lie after having exhausted the freshly baked treasures of a kitchen cookie jar. I denied “the truth and the whole truth” by claiming maybe to have only eaten one…

Tribune News Service

ExxonMobil takes EU to court in bid to block ‘counter-productive’ windfall tax

Oil and gas giant has accused the EU of overreaching its authority with move to tax profits amid energy crisis

The Independent UK

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Oil firms have internally dismissed swift climate action, House panel says

Documents show the fossil fuel industry ‘has no real plans to clean up its act’ and took steps to continue business as usual

The Guardian - US

The Best Energy ETFs to Buy

Energy ETFs can help investors earn income, hedge against inflation and speculate on commodity prices. Here are five we like.

Kiplinger

A former Florida congressman is arrested on charges of lobbying for Venezuela

A newly unsealed grand jury indictment alleges that former Rep. David Rivera, a well-connected Florida Republican, illegally acted on Venezuela's behalf.

WEKU

Ex-Miami congressman Rivera arrested in Venezuela probe

A former Miami Republican congressman who signed a $50 million consulting contract with Venezuela’s socialist government has been arrested in connection to an ongoing federal criminal investigation

The Independent UK

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Time is running out. We must call out the vested interests propelling the climate crisis

It is not enough to professionally communicate the science of climate change. This is not a matter of rationality.

The Guardian - AU

How US climate lawsuits could hold Big Oil accountable

If successful, a growing wave of lawsuits could force companies to pay for climate adaptation, experts say.

Al Jazeera

Biden feud with Big Oil ratchets up just as world needs more US oil

As October drew to a close, the White House saw another potential energy flash point on the horizon.

Tribune News Service

Industry Threatens Water Supplies and Coastal Ecology Near Corpus Christi

Environmentalists have seized on water supply as a “chokehold” to block fossil fuels on the rugged South Texas coast.

Texas Observer

Corpus Christi sold its water to Exxon, gambling on desalination. So far, it is losing the bet.

Concerns over ecological damage to Corpus Christi Bay have delayed plans to convert sea water to drinking water for years in this booming Gulf Coast city, where environmentalists see water supply as a “chokehold” to block new fossil fuel infrastructure.

The Texas Tribune

Exxon Mobil, Chevron Shares Continue Rally Following Q3 Earnings, But Which Oil Stock Do Wall Street Analysts Prefer?

U.S. oil majors Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reported impressive third-quarter numbers last week, with each company beating consensus earnings estimates by roughly 15%.

Benzinga

Exxon, Chevron reap $31 billion profit from energy crunch

Exxon Mobil Corp. and Chevron Corp. amassed more than $30 billion in combined net income as politicians blast Big Oil for raking in massive profits at a time when consumers are struggling with soaring inflation and energy shortages worldwide.

Tribune News Service

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The Guardian - UK

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

Benzinga

Occidental Petroleum Is The Most Shorted Stock In The Energy Sector: How Do Exxon Mobil And Chevron Compare?

Occidental Petroleum Corporation (NYSE: OXY) has been the best-performing stock in the S&P 500 in 2022 and has inflicted major pain on short sellers.

Benzinga

Want To Play The Energy Sector Bullish Into Exxon Earnings? This ETF Offers 2X Returns

Direxion Energy Bull 2X Shares (NYSE: ERX) was trading slightly lower in consolidation on Tuesday, after momentum within an uptrend caused the ETF to rally over 14% between Oct. 19 and Monday.

Financial Times

‘Put up or shut up’: can Big Oil prove the case for carbon capture?

Lavish US tax breaks are transforming the case for technology that traps and stores CO₂. Critics say it is still a green boondoggle

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Benzinga

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

Businessweek

Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture

The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing.

Radio France Internationale

French government ready to 'intervene' to break fuel depot strike

The French government has called for the immediate lifting of fuel depot blockage and has threatened to intervenue to break the deadlock. This as workers from TotalEnergies and Esso-Exxon Mobil pursue their strike action for better salaries.

Tribune News Service

Former Secretary of State Rex Tillerson takes stand against Trump friend Tom Barrack

NEW YORK — Former U.S. Secretary of State Rex Tillerson testified at a criminal trial about the Trump administration’s seemingly chaotic foreign policy while leveling a veiled criticism at Jared Kushner.

Benzinga

Bearish On Exxon, Chevron? This Inverse ETF Tracks The Energy Sector

Direxion Energy Bear 2X Shares (NYSE: ERY) was trading flat on Friday after a four-day decline saw the ETF retrace 11% off the Sept. 26 high of $51.45.

Benzinga

If You Invested $1,000 In Exxon Mobil Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the last two years. But there is no question some big-name stocks performed better than others since the pandemic bottom.

Benzinga

Top Financial Media Stories Tuesday, September 20: Apple Feels The Forex Pinch, Pepsi Ends Russian Production, Beyond Meat's COO Arrested And More..

Reuters What Recession? AmEx Shares Ambitious Hiring Plans As Peers Let Go Staff

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