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The Latest Breaking News from ExxonMobil

TotalEnergies accelerates refinery wage talks as fuel supply shrinks

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.

Reuters

There's a Better Pick Over Exxon Mobil in the Energy Sector

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….

StockNews.com

Criticism intensifies after big oil admits ‘gaslighting’ public over green aims

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

The Guardian - US

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Republicans plan legal assault on climate disclosure rules for public companies

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

The Guardian - US

How to invest in oil

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.

Evening Standard

How to invest in natural gas

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.

Evening Standard

Oil and gas firms’ green investments fail to match promise of publicity – study

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

The Guardian - UK

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Pony therapy business hope as West Dunbartonshire council provide new site

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

Glasgow Live

Bad economics trumps good environmental outcomes

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

Newsroom.co.nz

Global fossil fuel subsidies almost doubled in 2021, analysis finds

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

The Guardian - UK

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

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

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Asharq Al-Awsat

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…

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

Al Jazeera

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.

The Independent UK

Climate disinformation leaves lasting mark as world heats

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

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Benzinga

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.

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.

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.

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…

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…

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