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The Latest Breaking News from ExxonMobil

Cyprus says new gas discovery aids Europe's energy search

Cyprus’ Energy Ministry says a new gas discovery off the island’s southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon helps bolster Europe’s efforts to secure alternative energy sources

The Independent UK

Oil giant Esso wins High Court injunction to stop protesters disrupting pipeline construction

Activist tunnelled underground near M25 – named in court order – accuses firm of ‘pouring fuel onto the flames’ of a world ‘on fire’

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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Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The Guardian - UK

BP profit triples to $9.3 bn on soaring energy prices

London (AFP) - British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said Tuesday, after a big loss linked to its Russia exit following Moscow's invasion of Ukraine.

AFP

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

Asharq Al-Awsat

European, US stocks rise despite latest inflation data

New York (AFP) - Despite fresh data showing the persistence of inflation, European stocks advanced following a better-than-expected GDP report, while Wall Street stock were boosted by solid earnings from Amazon, ExxonMobil and others.

AFP

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Profits at ExxonMobil, Chevron skyrocket with oil prices

New York (AFP) - US oil giants ExxonMobil and Chevron -- targets of White House criticism over soaring gasoline costs -- reported record quarterly profits Friday amid the war in Ukraine that sparked a steep rise in energy prices.

AFP

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

ExxonMobil profits surge to $17.9 bn on lofty commodity prices

New York (AFP) - ExxonMobil's profits nearly quadrupled to $17.9 billion in results released Friday that underscored the elevated state of oil and natural gas prices amid commodity market tightness.

AFP

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

Climate disinformation leaves lasting mark as world heats

Wildfires, floods and soaring temperatures have made climate change real to many Americans

The Independent UK

Will Chevron's (CVX) Q2 Earnings Reverse The Previous Miss?

Chevron Corporation (NYSE: CVX) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $5.01 per share on revenues of $55.8 billion.

Benzinga

Imperial (IMO) To Report Q2 Earnings: Is A Surprise In Store?

Imperial Oil Limited (NYSEAMERICAN: IMO) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.14 per share on revenues of $16.7 billion.

Benzinga

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StockNews.com

3 Reasons Why Big Oil Is A Buy After A Punishing Pullback

Previously a sell, the recent big drop in crude has made Big Oil a buy. How to position to profit from continued consolidation in XOM stock.

WEKU

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

AFP

'Greenwashing': a new climate misinformation battleground

Paris (AFP) - Fossil fuel firms are misleading the public about their moves to cut greenhouse gases and curb climate change -- and social media are hosting ads that perpetuate this "greenwashing", researchers say.

WEKU

How a massive refinery shortage is contributing to high gas prices

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.

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news in one place.

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The National (Scotland)

LGBT+ Greens threaten to pull out of Edinburgh Pride due to ExxonMobil sponsorship

THE LGBT+ wing of the Scottish Greens has threatened to pull out of the Edinburgh Pride march if the organisers don’t make a public apology for…

AFP

Biden summons Big Oil to meet on gas prices

New York (AFP) - The Biden administration has called oil giants to Washington Thursday to discuss what can be done to address runaway gasoline prices that are tanking the president's approval rating.

Asharq Al-Awsat

Emir of Qatar Says Global Economy to Shrink by a Third

Emir of Qatar Sheikh Tamim bin Hamad Al Thani warned on Tuesday of a wave of global economic stagnation and inflation that the world has not seen in 45 years, citing a slowdown of growth in the global economy by about a third this year. Speaking at the opening of…

The National (Scotland)

Oil giant's sponsorship of Edinburgh Pride event sparks furious backlash

ONE of Scotland’s largest Pride events is battling fury from the LGBT community after it was revealed the bash was sponsored by a climate…

AFP

Oil turbulence could last five years, ExxonMobil boss warns

Doha (AFP) - Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.

Al Jazeera

Qatari emir and Elon Musk speak on day 2 of Qatar Economic Forum

Delegates at the economic forum discussed diversifying economies, while Musk gave updates on Twitter acquisition.

The Guardian - US

Is the US heading for a recession? Here’s what you need to know

Many signs point in that direction. We have answers to questions that might be on your mind

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