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The Latest Breaking News from Exxon

Biden calls on Congress to suspend federal gas tax

A three-month suspension of the tax will cost the government approximately $10 billion.

Axios

Dow Jones Futures Fall After Market Rallies; Here Comes Fed Chief Powell

A market rally attempt gained steam as Tesla jumped but investors should be wary. Fed chief Jerome Powell is on tap again.

Investors Business Daily

Stock Market Closes Higher, But Dow Jones Inches Down; Exxon And Chevron Lead Oil Stocks Lower

The stock market gained but the Dow Jones inched lower on the eve of three-day weekend. Oil stocks tumble.

Investors Business Daily

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IBD Stock Of The Day: This Energy Giant Is A Safe Haven In An Uncertain Market

Exxon Mobil stock was down Thursday as it tests technical support in a volatile market.

Investors Business Daily

News briefs

Being 'fully vaccinated' but not boosted doesn't help against omicron, study finds

Tribune News Service

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Tribune News Service

Stock Wars: Chevron Vs. ExxonMobil

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Benzinga

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Biden is under pressure on gas prices. So he's putting pressure on oil companies

President Biden says he wants the biggest refiners to do more to increase gasoline supply and lower prices. He says he's ready to use emergency powers to boost capacity — but he didn't give details.

WEKU

Thinktank that briefed against XR given $30k by ExxonMobil in 2017

Report shows Policy Exchange, which called for criminalisation of climate group, previously received money from oil firm

The Guardian - UK

US gasoline tops $5 a gallon on average in new inflation marker

Gasoline topped an average of $5 per gallon in the U.S. for the first time, signaling the latest pain point for American consumers and President Joe Biden’s efforts to curb inflation.

Tribune News Service

Biden says ExxonMobil 'made more money than God'

Los Angeles (AFP) - President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and the US leader's popularity ahead of midterm elections.

AFP

Traders Expect Exxon Mobil Rally To Continue

Shares of Exxon Mobil Corp (NYSE: XOM) has risen by almost 63% year to date.

Benzinga

Industrial water use threatens Louisiana capital’s drinking water

Unchecked water use by companies like Exxon risks saltwater intrusion and undrinkable tap water

The Guardian - US

Why Exxon Mobil Looks Set For All-Time Highs As Gas Prices Soar

Exxon Mobil Corp (NYSE: XOM) was shooting up more than 4% higher on Tuesday after two analysts raised their price targets on the stock.

Benzinga

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Asharq Al-Awsat

Gazprom Suspends Gas Deliveries to Dutch Trader GasTerra

GasTerra will no longer receive gas from Russia's Gazprom from May 31 after refusing to agree to Moscow's demands for payment in roubles, the two companies said on Monday. GasTerra, which buys and trades gas on behalf of the Dutch government, said it had contracted elsewhere for the 2 billion…

Investors Business Daily

Oil And Gas Producer Equinor, IBD Stock Of The Day, Flashes Buy Signal

IBD Stock Of The Day Equinor is benefiting from hot energy prices. The Norwegian oil and gas company reclaimed a key level and flashed an early buy signal on Wednesday.

The Independent UK

ExxonMobil loses bid to nix climate change lawsuit

Massachusetts’ highest court has rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its products play in causing climate change

The Guardian - US

Exxon must go to trial over alleged climate crimes, court rules

The ruling, and another crucial court decision this week, will force the company to face charges it lied about global heating

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The Conversation

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the SP 500 ESG Index has set off a roiling debate over the value of ESG ratings.

Ballotpedia

Elon Musk continues push back against ESG

Documenting ESG pushback

The Street

Stocks Slide, Snap Plunges, Zoom, Nordstrom, Exxon In Focus - Five Things To Know

Stock futures slide on renewed growth worries; Snap plummets on profit warning, social media stocks tumble; Zoom shares surge after Q1 earnings beat, outlook boost; Nordstrom slips lower ahead of retail earnings parade and Exxon shareholders urged to split CEO, chairman role

Investors Business Daily

Dow Jones Falls, Tech Stocks Sell Off To Kick Off Week

The Dow Jones Industrial Average dropped Monday, as the stock market paused after a two-day bounce off correction lows.

Investors Business Daily

Dow Jones Rallies; Twitter Plunges After Elon Musk Says Deal 'On Hold'

The Dow Jones Industrial Average rallied 250 points Friday. Twitter plunged after Elon Musk tweeted the deal is "temporarily on hold."

The Guardian - US

Largest oil and gas producers made close to $100bn in first quarter of 2022

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

Investors Business Daily

Dow Jones Cuts Losses After New Inflation Data; Disney Tumbles On Earnings

The Dow Jones Industrial Average dropped after inflation data Thursday, as the market correction worsens. Disney tumbled on earnings results.

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