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The Latest Breaking News from ExxonMobil

ExxonMobil Expects Global Oil Demand Near Current Levels In 2050

Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US oil and gas giant ExxonMobil said Monday, pointing to rising population and demand for energy worldwide.

International Business Times

When “recyclable” isn't truly recyclable

The plastics industry is working to make the public feel OK about using products virtually guaranteed to be trashed

Salon

ExxonMobil Profits Up After Pioneer Deal, Chevron Earnings Dip

US oil and gas giant ExxonMobil reported higher profits Friday as it pointed to the benefits of its acquisition of Pioneer Natural Resources, while earnings at rival Chevron dipped on lower refining results.

International Business Times

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Gas Prices Spike In Chicago After Tornado Hits Exxonmobil Refinery

Gas prices surge in Chicago and Midwest post-tornado, impacting top US metro areas.

Top News

3 Undervalued Energy Stocks With Strong Upside Potential

With strong global demand, OPEC supply cuts, and resilient economic growth, the energy market is positioned for continued growth in the long run. Amid this, fundamentally solid energy stocks Valero Energy (VLO), HF Sinclair (DINO), and MRC Global (MRC), trading at a discount, could be poised for significant growth. Read…

StockNews.com

Goldman Sachs raises banker pay and bonuses after 150% surge in quarterly profit

Wall Street firm says it spent $4.2bn on compensation and benefits for its 45,300 staff in the three months to June

The Guardian - UK

Guyana banks on future as a ‘new Qatar’ in high-stakes gamble over oil production

With newfound oil wealth reshaping the economy, can the country balance growth with sustainable development?

The Guardian - UK

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Over 200 ad campaigns from oil and gas firms shown on TfL network since Sadiq Khan set out 'zero carbon' goal

The data comes as the UN Secretary-General urges world leaders to ban adverts from fossil fuel companies

Evening Standard

Delusion of advanced plastic recycling

The world is drowning in plastic. But the plastics industry is peddling a “solution” that works like magic

Salon

Climate technology forgot the consumer is still king

We can’t blame consumers for climate change until we give them better options.

Fortune

1 Top Energy Stock to Profit from Shale Industry Consolidation

Merger and acquisition activity in the U.S. oil and gas sector has surged to almost $200 billion in the past year. Not surprisingly, the country’s richest shale area - the Permian Basin - has been the focus of much of the activity over the past five years - and with…

Barchart

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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International Business Times

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.

Barchart

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.

The Guardian - US

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’

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news in one place.

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Barchart

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.

International Business Times

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.

Tom’s Hardware

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.

The Guardian - US

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

Top News

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...

Latin Times

Venezuela says it will keep armed forces near the coast as long as the dispute with Guyana continues

The Maduro government said it won't be "intimidated" by the international community's calls for restraint

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