The Latest Breaking News from ExxonMobil

The country’s total refinery output has been reduced by more than 60% over the past two weeks

TotalEnergies on Sunday offered to bring forward wage talks, in response to union demands, as it sought to end a strike that has disrupted supplies to almost a third of French petrol stations and led the government to tap strategic reserves.

While higher price realizations and significant market demand should bode well for energy companies, including Exxon Mobil (XOM) and Marathon Petroleum (MPC), we think MPC is better positioned to capitalize on the industry tailwinds given its solid fundamentals and growth attributes. Read on to learn more….

Fury as ‘explosive’ documents reveal largest oil companies contradicted public statements and wished bedbugs upon critical activists

The SEC’s proposed new rules, which would require public corporations to disclose climate-related information, have been criticized by industry groups

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

BP, Chevron, ExxonMobil, Shell and TotalEnergies spend $750m a year burnishing climate credentials but only 12% of capital on low-carbon development

The council are using compulsory purchase powers to take over the existing site, but have now agreed to provide owner Susan Dick alternative grazing land

Whether pumping petrol or fouling streams, sometimes environmental regulations make it just seem easier to go with the flow.

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency