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The Latest Breaking News from Exxon

Commentary: California’s pension funds are wrecking the planet and losing billions. It’s quite a trick

I remember, more than a decade ago, sitting down with a financial executive from the Church of England in a plush London office. The organization I co-founded, 350.org, had just launched its fossil fuel divestment campaign, and we were encouraging the Anglicans to join in, on the grounds that Exxon…

Los Angeles Times

Be angry about the wildfire pollution – but be angry at the right people

A poisonous haze made the air over New York temporarily more hazardous than any other place on Earth. Thank fossil fuel billionaires

The Guardian - US

Exxon’s Plan to Monetize “Carbon Capture”

Nucor Corporation has recently entered into a partnership with Exxon Mobil to implement a carbon capture, transportation, and storage initiative at its direct reduced iron (DRI) facility in Convent, Louisiana.

Barchart

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Christie rerun will pay residuals

It doesn’t matter if his brand is electable as long as it is bankable

Salon

For stakeholders to put faith in ESG metrics, the ESG 'information ecosystem' needs to evolve

Consistent and transparent reporting is vital to building trust in the industry, experts say.

Fortune

More than two dozen cities and states are suing Big Oil over climate change – they just got a boost from the US Supreme Court

Honolulu has lost more than 5 miles of its famous beaches to sea level rise and storm surges. Sunny-day flooding during high tides makes many city roads impassable, and water mains for the public drinking water system are corroding from saltwater because of sea level rise.

The Conversation

Could Guyana’s Exxon ruling scare big oil off risky exploration?

Ruling requiring ‘unlimited guarantee’ from oil firms to cover costs of spills could change offshore drilling throughout region

The Guardian - UK

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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

Central banks raising interest rates makes it harder to fight the climate crisis

Higher rates slow the renewable energy transition and shield oil and gas producers from competition by low-carbon producers

The Guardian - US

Is Now a Good Time to Scoop Up Shares of Exxon Mobil?

Shares of Exxon Mobil has dropped more than 5% in the past week, due to falling oil prices. Now could be a good time to scoop up shares of the massive oil and gas company.

Barchart

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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Tribune News Service

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.

Barchart

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.

Motor1

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.

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

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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 - US

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

Barchart

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.

The Guardian - US

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

Salon

How Exxon’s climate projections fared

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

The Independent UK

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

Kiplinger

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.

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