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The Latest Breaking News from ExxonMobil

Why the US oil majors may end up doing more for the green transition than their (slightly) more progressive European rivals

The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant’s climate targets. Shell had planned to cut its “net carbon intensity” by 20% by 2030 and 45% by 2035, but now…

The Conversation

Corporations invested in carbon offsets that were ‘likely junk’, analysis says

Analysis of the carbon offset projects used by top corporations including Delta, Gucci and ExxonMobil raises concerns around their emission cuts claims

The Guardian - US

ExxonMobil and Chevron gather investors after latest big oil mega deal

Energy giants hold annual meetings as ConocoPhillips announces plan to buy Marathon Oil in $17.1bn deal

The Guardian - US

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ConocoPhillips To Buy Marathon For $22.5 Bn In Latest Big Oil Deal

US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.

International Business Times

Exxon Plays Hardball Against Climate NGOs. Will Investors Care?

ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change.

International Business Times

1 Dividend Aristocrat to Scoop Up While It's Cheap

This oil giant, trading at an appealing valuation, offers attractive dividends in a volatile market.

Barchart

Top oil firms’ climate pledges failing on almost every metric, report finds

Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’

The Guardian - US

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Up 33% YTD, This Energy Dividend Stock Is Still a Top Offshore Pick

Discover why TechnipFMC has become Barclays' top offshore pick, and how its impressive performance and strategic advantages make it a standout dividend stock.

Barchart

‘Pretending to care’: Walkley Awards face renewed boycott after doubling down on fossil fuel sponsors

The Walkley Foundation is forcing journalists to pick between industry recognition and self-respect.

Crikey

US Clears ExxonMobil Deal, Bars Pioneer Ex-chief From Board

US antitrust authorities cleared ExxonMobil's acquisition of Pioneer Natural Resources under the condition that the shale producer's former CEO be barred from the company's board, regulators announced Thursday.

International Business Times

US Oil Giants' Profits Dip As Exxon Deal Nears Finish Line

ExxonMobil and Chevron both reported a dip in profits Friday on lower refining margins and natural gas prices, but ExxonMobil's big takeover appears on track to close before Chevron's.

International Business Times

Intel and ExxonMobil working on advanced liquid cooling — laying groundwork for 2000W TDP Xeon chips

Intel and ExxonMobil have announced they will collaborate to develop advanced liquid cooling technology. The companies will work closely during their multi-year collaboration to 'develop and certify next-generation, energy-efficient, liquid-based cooling technologies' writes the oil giant.

Tom’s Hardware

Louisiana’s flagship university lets oil firms influence research – for a price

Louisiana State University allowed Shell to influence studies after a $25m donation and sought funds from other fossil fuel firms

The Guardian - US

Senators And Congressmen Evaluate Oil Company Consolidations For Antitrust Concerns

Regulatory bodies evaluating pending oil company consolidations for antitrust and climate concerns, with lawmakers debating impact on competition, consumer...

Top News

Guyana Gas-To-Power Project Accelerates Oil Output, Boosts Revenue

ExxonMobil's gas-to-power project in Guyana accelerates oil production, boosts revenue, and promotes sustainability in the energy sector.

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The Street

Analysts revamp ExxonMobil stock price targets after oil surges

Here's what could happen to ExxonMobil's shares next.

Latin Times

Venezuela's Maduro Claims the U.S. Has Secret Bases in Disputed Territory with Guyana

The president added that "aggressions" are being prepared against the people of "Tumeremo," the Venezuelan city designated as capital of the territtory

International Business Times

Venezuela Says US Building 'Secret' Bases In Disputed Essequibo

Venezuelan President Nicolas Maduro on Wednesday accused the United States of building "secret military bases" in Essequibo, an oil-rich region of Guyana that Caracas claims as its territory.

The Guardian - UK

Just 57 companies linked to 80% of greenhouse gas emissions since 2016

Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal

The Texas Tribune

Texas energy companies are betting hydrogen can become a cleaner fuel for transportation

Supporters say developing hydrogen as a fuel is critical to slowing climate change. Critics are concerned that producing it with fossil fuels will prop up the oil and gas industry.

StockNews.com

ExxonMobil (XOM) vs. Energy Transfer (ET) - Which Energy Stock Is the Better Buy Amidst Oil Price Volatility?

Amid the anticipated escalation in oil prices owing to geopolitical challenges and strategic supply adjustments, which of the two energy stocks, Exxon Mobil (XOM) and Energy Transfer (ET), is well positioned to navigate a volatile energy market? Read more to find out….

Barchart

2 Dividend Aristocrats Within the Energy Sector to Buy as Oil Prices Rise

Chevron and ExxonMobil stand out as formidable dividend aristocrats within the energy sector, offering compelling investment opportunities as they capitalize on global demand and strategic expansion initiatives.

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