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The Latest Breaking News from ExxonMobil

ExxonMobil predicted climate change while downplaying risk

US-based company’s own scientists accurately predicted global warming as far back as the 1970s, study says.

Al Jazeera

News briefs

New ‘kraken’ mutation of the COVID-19 virus is most contagious subvariant yet

Tribune News Service

ExxonMobil publicly denied global warming for years but quietly predicted it

In perhaps one of the most cynically ironic twists in the field of climate science, new research suggests ExxonMobil may have had keener insight into the impending dangers of global warming than even NASA scientists but still waged a decades-long campaign to discredit research into climate change and its connection…

Los Angeles Times

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Exxon climate predictions were accurate decades ago. Still it sowed doubt

Exxon's climate research decades back painted an accurate picture of global warming, according to a new scientific paper. Still, the oil company continued climate-denying policy efforts.

WEKU

This oil giant accurately predicted global warming — and still lied about it

New research finds ExxonMobil's internal research accurately projected global warming, even as their public messaging downplayed climate change.

Inverse

ExxonMobil to sell stake in Thai business for $603m

Bangchak says purchase of controlling stake in Esso Thailand to be completed in second half of 2023.

Al Jazeera

Bangchak acquires most of Esso Thailand

SET-listed Bangchak Corporation Plc (BCP) has acquired a 65.99% stake worth 55 billion baht in Esso Thailand mainly from ExxonMobil Asia Holdings Pte.

Bangkok Post

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ExxonMobil takes EU to court in bid to block ‘counter-productive’ windfall tax

Oil and gas giant has accused the EU of overreaching its authority with move to tax profits amid energy crisis

The Independent UK

Cyprus: Plant to process Israeli gas for export an option

Cyprus’ energy minister says a pipeline conveying Israeli natural gas to the island nation where it would be liquefied for export by ship is an option the government is weighing on how to get east Mediterranean gas to Europe and elsewhere amid the energy crisis prompted by Russia’s war in…

The Independent UK

Big Oil Steps Up To The Climate Change Plate

Achieving “carbon neutrality” is the crucial step along the road to “net zero” which includes the removal from Earth’s atmosphere of all “greenhouse gases”, including methane, nitrous oxide and other hydrofluorocarbons. Indispensable to creating sustainable environments, the health of the planet and the survival of the human race depend on…

Bangkok Post

Vanguard announces exit from net zero climate investment alliance

On December 2, the Federal Reserve’s board of governors released its proposed rule on climate risks for big banks, including its proposed environmental stress tests. The board asked for public comments:

Ballotpedia

Algeria Jails Ex-Sonatrach Head for 15 Years for Graft

An Algerian court on Tuesday handed a 15-year prison sentence to the former head of state energy giant Sonatrach in a corruption case. Abdelmoumen Ould Kaddour had been on trial over the 2018 purchase of the Sicilian Augusta oil refinery. According to Algerian media, the state oil and gas firm…

Asharq Al-Awsat

Esso posts £151m profit amid regulatory concern over pump prices

Owner of Fawley oil refinery near Southampton bounces back after losses of £379m in 2020

The Guardian - UK

Mossmorran workers to be balloted on strike action as bonus row boils over

The Mossmorran chemical plant in Fife could face strike action by contracted workers

The National (Scotland)

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StockNews.com

3 Big Reasons Why Oil Stocks Are No Longer a Buy

Oil stocks have been one of the few bright spots in the S&P 500 (SPY), during the doom and gloom of the 2022 bear market. However, that party could soon be coming to an end. Below I lay out 3 reasons why oil stocks are no longer a buy, plus…

The Texas Tribune

Corpus Christi sold its water to Exxon, gambling on desalination. So far, it is losing the bet.

Concerns over ecological damage to Corpus Christi Bay have delayed plans to convert sea water to drinking water for years in this booming Gulf Coast city, where environmentalists see water supply as a “chokehold” to block new fossil fuel infrastructure.

The Guardian - US

‘A renewed sense of urgency’: climate on the ballot in US midterm elections

From senate and governor races to industry-regulating board contests, outcomes could influence policy for years to come

StockNews.com

A New Way To Profit From Pops And Pullbacks With Lower Risk Pairs Trades

How to add a paired trade methodogy to your trading toolbox to make money even as stocks continue to consolidate.

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The Guardian - UK

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

The Conversation

Corporate spending in state politics and elections can affect everything from your wallet to your health

Political spending by corporations is big business.

The Guardian - US

New Jersey latest state to sue oil companies over climate misinformation

The state is going after five oil companies – ExxonMobil, Shell Oil, Chevron, BP and ConocoPhillips – for their role in the climate crisis

Salon

The oil industry has a talent vacuum

Who wants to work for the brands that brought you climate change?

The Guardian - UK

French ministers urge oil giant to raise wages as strikes continue

One in three petrol stations struggling for fuel as striking workers call for share of oil companies’ high profits

The Independent UK

French government orders workers to ensure fuel supplies

The French government has moved to requisition workers operating petrol depots of ExxonMobil’s French branch Esso in an attempt to ensure that service stations around the country are supplied with badly needed fuel amid an ongoing strike

Al Jazeera

France orders striking fuel refinery employees back to work

Energy ministry says it has requisitioned staff at a depot in Normandy as showdown with CGT union escalates.

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