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The Latest Breaking News from Exxon

Exxon Mobil Sued For Horrifying Racial Discrimination

There were several incidences over a five year period, according to a lawsuit against the company.

The Street

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

Big Oil backs out of climate promises

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

Salon

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Is It Time To Buy XOM Stock As Exxon Mobil Restructures To Save Billions?

Exxon stock hit an all-time high on Friday. The stock is up almost 7% for the year, but does it have room to run?

Investors Business Daily

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

‘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 Guardian - US

Energy majors look for mega profits to roll on

Paris (AFP) - The world's top oil and gas companies amassed record profits in 2022 after Russia's invasion of Ukraine drove prices higher -- with more high earnings, and anger, likely coming their way this year.

AFP

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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

The Independent UK

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

Investors Business Daily

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.

Tribune News Service

Exxon reports record profits

The White House responds with renewed calls to boost production

Salon

Exxon announced record earnings. It's bound to renew scrutiny of Big Oil

Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit.

WEKU

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

The Independent UK

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

Daily Mirror

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The Street

Buy Exxon Mobil After Earnings Report? Here’s What the Chart Says.

Exxon Mobil stock is reclaiming a key level as it rallies on earnings. Here's where it could be heading next.

The Independent UK

Difficulty measuring methane slows plan to slash emissions

Satellites, drones and airplanes equipped with infrared cameras will likely be the backbone of a new federal policy to fine the nation’s largest methane polluters

Investors Business Daily

Dow Jones Reverses Lower Ahead Of Fed Meeting; Caterpillar, Exxon, Pfizer, McDonald's Fall On Earnings

The Dow Jones reversed lower Tuesday, as the Fed's two-day meeting kicks off today. Caterpillar, Exxon and Pfizer dropped on earnings.

The Street

Exxon Mobil Posts Record $56 Billion 2022 Profit, Beats Q4 Forecasts As Crude Surges

“While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed," said CEO Darren Woods.

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The Street

Stocks Edge Lower, Samsung, Medicare, Exxon and AMD In Focus - Five Things To Know

Stock futures lower as Fed decision looms, earnings in focus; Samsung confirms weakest quarterly profit in eight years, maintains capex plans; UnitedHealth, Humana slide as Medicare plans overpayment clawback; Exxon earnings on deck after Chevron miss and AMD earnings in focus as chip sector feels global demand slump.

Investors Business Daily

Exxon Mobil Stock, Fueled By 'Favorable Market,' Sees Record 2022 Profits, White House Responds

XOM shares edged lower Wednesday after the company reported mixed Q4 earnings Tuesday.

The Conversation

Exxon scientists accurately forecast climate change back in the 1970s – what if we had listened to them and acted then?

Writers of speculative- and science-fiction often identify a key point in time and explore how a seemingly insignificant event might change the path of humanity.

The Independent UK

Guyana: Satellites will spot oil spills, not on-ship experts

The former leader of Guyana’s Environmental Protection Agency is criticizing the government's plan to use satellites to monitor oil spills in the South American nation’s waters

The Street

Exxon Mobil a Morningstar Pick Among Energy Stocks

The energy-stock sector soared more than 50% last year, but Morningstar still sees some bargains.

The Guardian - US

Exxon’s predictions about the climate crisis may have increased its legal peril

Several US states say news that Exxon scientists predicted global heating accurately strengthens their lawsuits against company

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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