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The Latest Breaking News from ExxonMobil

Exxon Mobil settles Indonesian torture case after more than 20 years

Indonesian villagers — who allege they were subjected to torture, sexual assault, beatings and watching their loved ones being shot by Indonesian soldiers contracted by ExxonMobil in 2001 — agree to a settlement. WARNING: This story contains details some readers may find distressing.

ABC News

Exxon kills the ‘God pod,’ a 20,000-square-foot palace for its C-suite that excluded most employees

For 25 years, a handful of Big Oil execs had private chefs prepare their meals in gilded surroundings dotted with fine art. No longer.

Fortune

‘Sustainable’ pension funds accused of greenwashing over billions held in oil and gas firms

Warning comes as UK watchdog set to tighten rules for asset managers given short-term targets

The Guardian - UK

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read the most diverse news in one place.

As oil boom transforms Guyana, a scramble for spoils

Guyana is poised to become the fourth-largest offshore oil producer in the world, placing it ahead of Qatar, the United States, Mexico and Norway

The Independent UK

Options Combination on Exxon Mobil Stock Could Provide a Nice Entry Point

Exxon Mobil (XOM) stock was down 4% today in above average volume. By using a combination of option strategies, we could potentially buy the stock for a significant discount, or achieve a healthy profit if the stock trades sideways.

Barchart

Exxon CEO’s pay rose 52% to nearly £30m amid Ukraine war, figures show

Darren Woods’ pay is ‘reflective of record company earnings and stock price performance’, says oil firm

The Guardian - UK

First Thing: US seeks to mend ties with key allies after Pentagon leaks

Defence secretary speaks to South Korean counterpart after leak suggesting US was spying on Seoul’s internal discussions on arms sales. Plus, the man who walked around the world

The Guardian - UK

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Noam Chomsky on savage capitalism

"If you want to stop destroying the planet and human life on Earth, you have to bribe the rich and powerful"

Salon

Exxon’s new ‘advanced recycling’ plant raises environmental concerns

Advocates warn plants like the latest addition to the Texas complex generate hazardous pollutants and provide cover for oil giants to produce new plastic products

The Guardian - US

Fight to save 200-year-old tree under threat from West Dunbartonshire development

The tree could be knocked down to make way for the creation of a new storage and distribution centre.

Glasgow Live

Gas giant ExxonMobil warns of rapidly reducing Bass Strait supplies

Gas giant ExxonMobil says the number of wells it operates in the Bass Strait could close to halve in the next eighteen months. But an expert says gas shortages can be avoided with the right policies.

ABC News

Biden urges SCOTUS on climate suits

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

Salon

Big oil firms touted algae as climate solution. Now all have pulled funding

Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research

The Guardian - US

A U.S. federal agency is suing Exxon after 5 nooses were found at a Louisiana complex

The U.S. Equal Employment Opportunity Commission filed a lawsuit against ExxonMobil saying the company failed to take action to prevent a racially hostile work environment.

WEKU

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Salon

Big Biz's "dishonest climate accounting"

Companies pledge to cut emissions caused by their production, while opposing measures to reduce emissions

The Guardian - US

Fossil fuel companies donated $700m to US universities over 10 years

Funding at 27 universities can shift not just research agendas, but also policy in the direction the industry prefers, report says

Capital & Main

The Dishonest Accounting of Net-Zero Emissions

Companies pledge to cut emissions caused by their production, while opposing measures to reduce emissions from the use of their products.

Salon

The Ukraine economic war: Who's winning?

Neither Ukraine nor Russia is "winning" — but Saudi Arabia, the oil companies and the arms industry certainly are

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The Independent UK

Inquiry issues damning report into Dutch gas drilling

A Dutch parliamentary inquiry has released a damning report into the government’s handling of lucrative natural gas extraction that caused a string of earthquakes in the northern province of Groningen

Los Angeles Times

Michael Hiltzik: Right-wing culture warriors say wokeness is dead. They can't even define it

Across the intellectual heavens, the cry is heard: "Wokeness is dead."

The Independent UK

ExxonMobil should ‘own up and pay up’ for heating planet, government’s climate adviser says

Lord Deben, a cabinet minister under Margaret Thatcher, says oil and gas giant is refusing to take ‘any responsibility’ for role it played in accelerating climate change

France 24

Outrage as Shell, ExxonMobil rake in record profits

Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills. Also…

France 24

ExxonMobil rakes in record net profits in 2022, leading to backlash

US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic. The White House has called these profits "outrageous", leading to further calls…

WEKU

Exxon announced record earnings. It's bound to renew scrutiny of Big Oil

Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit.

ABC News

Methane emissions from offshore oil and gas severely under-reported, study finds

An environmental group is concerned offshore oil and gas industries are underestimating their emissions after an international study found methane leaks were under-reported in the UK.

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