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The Latest Breaking News from Darren Woods

'Drill, Baby, Drill': Trump Policy Poses Risks, Opportunities For Oil Industry

Donald Trump's election as US president brings back a champion of the oil industry to the White House, but experts warn that his push for low prices could be at odds with petroleum companies' priorities.

International Business Times

5 Stocks to Buy for a Trump Presidency

The second Trump presidency is well underway and these five stocks are set to benefit.

Kiplinger

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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Climate technology forgot the consumer is still king

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

Fortune

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

The Guardian - US

US Oil Giants' Profits Dip As Exxon Deal Nears Finish Line

ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's.

International Business Times

‘Outrageous’ climate activists get in the faces of politicians and oil bosses – will it work?

As the climate crisis has deepened, protesters have become more confrontational – and their ambitions have grown

The Guardian - US

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Saudi Aramco CEO Calls Energy Transition Strategy A Failure

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.

International Business Times

Economy and Society, March 19, 2024: Appeals court pauses implementation of SEC climate rule

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Fury after Exxon chief says public to blame for climate failures

Darren Woods tells Fortune consumers not willing to pay for clean-energy transition, prompting backlash from climate experts

The Guardian - US

Exxon CEO to world: "Pay the price"

Exxon CEO Darren Woods says Big Oil's not to blame for climate crisis, saying world "waited too long"

Salon

Lower Profits At US Oil Giants Still Mighty Enough For Big Investor Payouts

ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts and major acquisitions.

International Business Times

Moves for Investors Ahead of XOM and CVX Earnings Reports

Energy giants Chevron (CVX) and Exxon Mobil (XOM) are scheduled to release their fourth-quarter financials on February 2. We assess the two energy giants’ fundamentals to determine how investors should position themselves before their numbers are reported. Read on….

StockNews.com

New breed of climate protesters vows to take fight to ‘cowards’ of US politics

Climate Defiance, trying to make the climate crisis a top issue in 2024 election, isn’t afraid to anger ‘cowards’ and ‘criminals’

The Guardian - US

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The Conversation

From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda

There is “no science” behind demands to phase out fossil fuels, according to the current COP president. This level of cynicism at the top of the annual climate summit makes it less surprising that the conference has also been used as an oil trading venue.

International Business Times

Fossil Fuels On The Table At COP28 As OPEC Slashes Production, US Crude Output Breaks Records

COP28 may become the first-ever international climate summit to commit to eventually phasing out oil and gas.

WEKU

Oil firms are out in force at the climate talks. Here's how to decode their language

The oil industry has a huge voice in this year's climate talks. But what are oil companies actually saying? And why does it matter? We break down their pledges and statements into plain English.

The Texas Tribune

Texas will have to cut methane emissions from oil fields under new federal climate rule

The Biden Administration announced a crackdown on methane emissions, a major driver of climate change. Major oil and gas companies also signed on to a voluntary net-zero commitment.

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news in one place.

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StockNews.com

Exxon Mobil (XOM) and Chevron (CVX): A Pre-Earnings Analysis of Energy Giants

Exxon Mobil and Chevron (CVX) are scheduled to release their third-quarter earnings soon. Here’s a pre-earnings analysis of the energy giants to determine how investors should position themselves before their numbers are out. Read on….

The Guardian - US

Exxon reinforces support for fossil fuels with deal to buy shale giant for $60bn

Deal to buy Pioneer Natural Resources shows Exxon’s confidence that fossil fuel output will not be hampered in years to come

The Guardian - UK

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

Barchart

Exxon’s Potential Pioneer Deal: Short-Term Gains for Long-Term Pain

Exxon Mobil is hunting for more Permian Basin assets. That’s why informal talks with Pioneer Natural Resources are happening. The move might seem like a natural for XOM, but it could turn out to be one acquisition too many. Here’s why.

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Salon

Exxon reports record profits

The White House responds with renewed calls to boost production

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.

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