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The Latest Breaking News from Exxon

Big oil and Opec are holding the world to ransom – it’s time to rein them in

The UN’s call for windfall taxes must be taken up by governments to help break the power of greedy cartels

The Guardian - UK

Top Financial Stories Thursday, September 1: Netflix Weighs Charging High Sum For Ads, Self Harm posts Grow On Twitter, California Fast-Food Bill Faces Industry Backlash…

Wall Street Journal

Benzinga

Benzinga Before The Bell: Tesla Sues Louisiana Automobile Dealers Association, Will iPhone 14 Feature Satellite Connectivity?, Netflix Denies $7 To $9 Ad-Supported Plan And Other Top Financial Stories Tuesday, August 30

Reuters Taiwan’s China Airlines Orders 16 Boeing 787s

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Oil money is flooding into Guyana. Who will benefit?

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.

Reuters

Here's Why Exxon Mobil Could Be Headed Back To All-Time Highs

Exxon Mobil Corporation (NYSE: XOM) was trading flat on Wednesday after a big bullish day on Tuesday saw the stock gap up 1.53% and rally an additional 2.56% intraday.

Benzinga

Gas prices dip just below $4 for the first time in 5 months

Gasoline prices are dropping back toward the $4 a gallon mark, their lowest point in more than five months

The Independent UK

ExxonMobil bid to end Indonesia lawsuit found ‘meritless’

US judge dismisses oil and gas giant’s arguments for avoiding trial over alleged human rights abuses in Indonesia.

Al Jazeera

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4 High Dividend Yield Energy Stocks To Consider During The Market Downturn

With the Federal Reserve raising interest rates and market conditions becoming more volatile, earning an average return or even beating the market is increasingly challenging.

Benzinga

Workers are being punished for inflation. The real culprit is corporate greed

Big corporations are using inflation as cover to raise prices. Yet the US Federal Reserve is raising interest rates – further hurting Americans

The Guardian - US

Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

Oil giants report record results amid petrol and energy price hikes

Exxon Mobil, Chevron and Shell all came out on top in second quarter financials

Evening Standard

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Bangkok Post

Indonesian ExxonMobil accusers get day in court after 21 years

US judge clears way for trial over alleged human rights abuses by the oil giant during the late 1990s and early 2000s.

Al Jazeera

Summer 2022: Dawn of the apocalypse

We've been warned for decades about the death march of climate change. But global elites have done almost nothing

Salon

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The Guardian - UK

Big Oil V the World review – how can these climate crisis deniers sleep at night?

This shocking documentary series reveals the lies oil lobbyists told to undercut democracy, prevent action against global heating – and bring our planet to the brink

The Guardian - AU

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

Daily Record

Dumbarton pony owner's fury as council fails to secure suitable land swap

Susan Dick says her ponies face being forced off their land to make way for the new A82 relief road - with nowhere else to go.

Asharq Al-Awsat

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

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The Guardian - UK

I led the US lawsuit against big tobacco for its harmful lies. Big oil is next

We may be approaching a legal tipping point for fossil fuel companies, says the author Sharon Y Eubanks

Los Angeles Times

Michael Hiltzik: The GOP is now complaining about environmentally conscious investing

In May, Elon Musk went on the warpath against the investment model known by the initials ESG, short for "environmental, social and governance" principles.

Benzinga

As Exxon, Chevron Continue To Plunge, Here's A Look At The Direxion Energy Bull 2X Shares ETF Chart

Direxion Energy Bull 2X Shares (NYSE: ERX) gapped down 10.42% to start the trading day on Wednesday. The ETF was erasing some of its losses in the afternoon, trading about 8% lower.

Axios

Biden calls on Congress to suspend federal gas tax

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

Tribune News Service

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.

Benzinga

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.

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