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The Latest Breaking News from Exxon Mobil

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.

Barchart

Stocks Shake Off Early Losses on Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.09%. Stock indexes Monday recovered from early losses and settled...

Barchart

Slide in Technology Stocks Leads the Overall Market Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.23%. U.S. stock indexes this morning are moderately lower, led...

Barchart

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Markets Today: Stock Indexes Fall on Weakness in Tech Stocks

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.79%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.95%. U.S. stock index futures this morning are moderately lower, led by losses in technology stocks. Apple is down more than -1% in pre-market trading after its...

Barchart

Asian shares mixed as surging oil prices fan inflation fears

Shares are mostly higher in Asia as investors watch for the latest moves by central banks

The Independent UK

ETF Funds for Anti-ESG Investors

A new crop of anti-ESG ETF funds offers an alternative to investments that focus on environmental, social and corporate governance issues.

Kiplinger

Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits

The Independent UK

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Companies are diversifying their corporate boards. But Latinos are left behind

Cisco Systems, the multinational tech giant based in San Jose, has no Latino on its board of directors.

Los Angeles Times

Exxon Mobil sued as 5 nooses displayed at Louisiana facility

The U.S. government says Exxon Mobil violated federal law for failing to take sufficient action as five hangman's nooses were displayed at a facility in Baton Rouge, Louisiana

The Independent UK

Exxon sued by US after five nooses found at Louisiana plant

The U.S. government sued Exxon Mobil Corp. for racial discrimination against a Black employee after the company allegedly failed to adequately respond to the appearance of five hangman’s nooses at a Louisiana petrochemical plant over several years.

Tribune News Service

What is ESG investing and why do some hate it so much?

After starting as a niche corner of the finance world, ESG investing has since exploded to become a major force on Wall Street _ and the latest front in the nation’s cultural schism

The Independent UK

Oil and gas companies are seen as climate villains. Truth is, we'll need their expertise to make green hydrogen a reality

Think about oil and gas companies and climate change and chances are you’ll think dark thoughts. It’s true Exxon Mobil had remarkably detailed knowledge of global warming in the 1970s. Some seeded doubt by funding climate denier organisations and scientists and invented greenwashing. The current energy crisis has handed them…

The Conversation

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.

Los Angeles Times

Editorial: Big Oil reaps record profits while the planet burns. California should curb its greed

Chevron, Shell, Exxon Mobil and other oil companies made more money than ever in 2022, showing just how massive a windfall they reaped as surging gas prices made it a struggle for drivers to afford filling up.

Los Angeles Times

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The Independent UK

Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

Daily Mirror

Esso owners raked in record £44bn last year as drivers battled with soaring fuel prices

US heavyweight Exxon Mobil’s massive haul was not only more than it has ever made before but a historic high for a Western oil company

Los Angeles Times

Nicholas Goldberg: Business is the most trusted institution? Are you kidding me?

You'd think that people would have learned their lesson after years of financial industry gimmickry, corporate tax avoidance and mistreatment of workers.

Chicago Sun-Times

Public funding for political campaigns will keep government working in public’s interest

Exxon Mobil spent millions on climate change denial and political contributions — mostly to Republicans — to block action against climate change.

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The Independent UK

Study: Exxon Mobil accurately predicted warming since 1970s

A new study says Exxon Mobil’s scientists were remarkably accurate in their predictions about global warming

Kiplinger

How to Find the Best Energy Stocks

Energy stocks can expose investors to volatile oil and gas prices. Here's how to find the best energy stocks to buy now.

Benzinga

This Is What Whales Are Betting On Exxon Mobil

Someone with a lot of money to spend has taken a bearish stance on Exxon Mobil (NYSE:XOM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Independent UK

Greek PM: Gas exploration to start off Crete in coming days

Greece's prime minister says U.S. energy giant Exxon Mobil is poised to start a delayed gas prospecting project off southwestern Greece

Benzinga

Exxon Mobil, Goldman Sachs And 2 Other Stocks Insiders Are Selling

US crude oil futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Los Angeles Times

Biden accuses oil companies of ‘war profiteering’ as he warns of excess profit penalties

WASHINGTON — President Joe Biden on Monday urged major oil companies to stop “war profiteering” and use record profits to boost domestic production as the White House looks to curb rising fuel prices ahead of the midterm election.

Benzinga

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%.

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