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The Latest Breaking News from ExxonMobil

California sues ExxonMobil and says it lied about plastics recycling

California is suing ExxonMobil for allegedly deceiving the public for half a century by promising that recycling would address the global plastics pollution crisis

The Independent UK

California sues ExxonMobil over alleged role in plastic pollution crisis

First-of-its-kind suit comes as climate experts claim that fossil fuel producers are deceiving public about plastics

The Guardian - US

Amazon, Tesla and Meta among world’s top companies undermining democracy – report

Corporations such as ExxonMobil and Blackstone also big funders of climate crisis, new trade union report finds

The Guardian - US

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Love Dividends? 2 Safe Dividend Aristocrats to Buy and Hold Forever

These two reliable companies are incredible investments to earn steady and growing dividend income.

Barchart

I loved my job at Microsoft, but I had to resign on principle. Here's why

I spent nearly 10 years at Microsoft leading programs I felt passionate about. But there was something I couldn’t overlook.

Fortune

Most US voters say plastics industry should be held responsible for recycling claims – report

Even a majority of Republicans support efforts to hold manufacturers accountable for allegedly deceptive claims

The Guardian - US

How Exxon chases billions in US subsidies for a ‘climate solution’ that helps it drill more oil

Climate experts raise red flags as oil giant spends millions lobbying while touting ‘underperforming’ carbon capture

The Guardian - US

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3 Oilfield Service Companies to Benefit From Increased Drilling

The oilfield services sector benefits from its crucial role in drilling, evaluation, production, and maintenance, which is essential for ensuring energy security and meeting the strong global demand for oil and gas. Therefore, investing in fundamentally solid oilfield services stocks, Baker Hughes (BKR), NOV (NOV), and MRC Global (MRC), could…

StockNews.com

ExxonMobil Expects Global Oil Demand Near Current Levels In 2050

Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide.

International Business Times

When “recyclable” isn't truly recyclable

The plastics industry is working to make the public feel OK about using products virtually guaranteed to be trashed

Salon

ExxonMobil Profits Up After Pioneer Deal, Chevron Earnings Dip

US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results.

International Business Times

Gas Prices Spike In Chicago After Tornado Hits Exxonmobil Refinery

Gas prices surge in Chicago and Midwest post-tornado, impacting top US metro areas.

Top News

3 Undervalued Energy Stocks With Strong Upside Potential

With strong global demand, OPEC supply cuts, and resilient economic growth, the energy market is positioned for continued growth in the long run. Amid this, fundamentally solid energy stocks Valero Energy (VLO), HF Sinclair (DINO), and MRC Global (MRC), trading at a discount, could be poised for significant growth. Read…

StockNews.com

Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June

The Guardian - UK

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The Guardian - UK

Guyana banks on future as a ‘new Qatar’ in high-stakes gamble over oil production

With newfound oil wealth reshaping the economy, can the country balance growth with sustainable development?

Evening Standard

Over 200 ad campaigns from oil and gas firms shown on TfL network since Sadiq Khan set out 'zero carbon' goal

The data comes as the UN Secretary-General urges world leaders to ban adverts from fossil fuel companies

Salon

Delusion of advanced plastic recycling

The world is drowning in plastic. But the plastics industry is peddling a “solution” that works like magic

Fortune

Climate technology forgot the consumer is still king

We can’t blame consumers for climate change until we give them better options.

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news in one place.

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Barchart

1 Top Energy Stock to Profit from Shale Industry Consolidation

Merger and acquisition activity in the U.S. oil and gas sector has surged to almost $200 billion in the past year. Not surprisingly, the country’s richest shale area - the Permian Basin - has been the focus of much of the activity over the past five years - and with…

The Conversation

Why the US oil majors may end up doing more for the green transition than their (slightly) more progressive European rivals

The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant’s climate targets. Shell had planned to cut its “net carbon intensity” by 20% by 2030 and 45% by 2035, but now…

The Guardian - US

Corporations invested in carbon offsets that were ‘likely junk’, analysis says

Analysis of the carbon offset projects used by top corporations including Delta, Gucci and ExxonMobil raises concerns around their emission cuts claims

The Guardian - US

ExxonMobil and Chevron gather investors after latest big oil mega deal

Energy giants hold annual meetings as ConocoPhillips announces plan to buy Marathon Oil in $17.1bn deal

International Business Times

ConocoPhillips To Buy Marathon For $22.5 Bn In Latest Big Oil Deal

US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.

International Business Times

Exxon Plays Hardball Against Climate NGOs. Will Investors Care?

ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change.

Barchart

1 Dividend Aristocrat to Scoop Up While It's Cheap

This oil giant, trading at an appealing valuation, offers attractive dividends in a volatile market.

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