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The Latest Breaking News from Exxon

Exxon's Earnings Impress Investors, Making It Popular with Value Investors

Exxon's earnings, released on Friday, April 28, came in much better than expected by analysts. That is making XOM stock popular with value investors, especially those shorting puts for income.

Barchart

Exxon's Earnings Impress Investors, Making It a Popular with Value Investors

Exxon's earnings, released on Friday, April 28, came in much better than expected by analysts. That is making XOM stock popular with value investors, especially those shorting puts for income.

Barchart

US supreme court denies oil companies’ bid to move venue of climate lawsuits

Justices turn away appeals of lower court decisions that determined lawsuits belong in state, not federal, court

The Guardian - US

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How rich are the US Supreme Court justices?

WASHINGTON — The nine Supreme Court justices in total are worth at least $24 million. Or it might be closer to $68 million.

Tribune News Service

Why Would Exxon Mobil Be Interested in Acquiring Pioneer Natural Resources?

Last week rumors swirled that Exxon Mobil could be eyeing a takeover of Pioneer Natural Resources.

Barchart

Toyota, Exxon Working On Low-Carbon Fuel For Existing Engines

These fuel blends could cut greenhouse gas emissions by as much as 75% compared with regular gasoline.

Motor1

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

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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

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

Investors Shorting Out-of-the-Money Exxon Put Options Are Still Making Good Money

Exxon stock has done well over the last month, making money for investors who shorted puts in out-of-the-money (OTM) puts. This trade still looks good with strong oil and gas prices.

Barchart

Exxon in the classroom: how big oil money influences US universities

Students at Princeton describe unease that Exxon employee had an office on campus, while dozens of universities have big oil links

The Guardian - US

How Exxon’s climate projections fared

In the 1980s, a group of Exxon scientists predicted climate change with uncanny accuracy

Salon

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

Best Defensive Stocks to Buy Now

Investors are concerned about tariffs, inflation, interest rates and economic growth. The best defensive stocks can protect your portfolio against these risks.

Kiplinger

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Salon

Biden urges SCOTUS on climate suits

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

The Guardian - US

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

Biden administration sides with climate lawsuit against fossil fuel companies

DoJ brief argues that Colorado case against energy giants ExxonMobil and Suncor should be heard in state court instead of federal

The Guardian - UK

Saudi Aramco’s $161bn profit is largest recorded by an oil and gas firm

Amnesty International hits out at ‘shocking’ annual figure reaped through sale of fossil fuel

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Tribune News Service

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.

Salon

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

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.

The Guardian - US

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

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

Tribune News Service

Martin Schram: Bad news — lost and found

Two big blips of downright infuriating news flashed across our news screens last week. But both vanished quickly, swamped by the next gush of made-for-TV stories.

Salon

Exxon reports record profits

The White House responds with renewed calls to boost production

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