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News Articles: exxon

The ExxonMobil Baton Rouge complex, pictured in 2016, was the site where five nooses were found, the EEOC alleges.

Tagged as: 

  • Business

A U.S. federal agency is suing Exxon after 5 nooses were found at a Louisiana complex

The U.S. Equal Employment Opportunity Commission filed a lawsuit against ExxonMobil saying the company failed to take action to prevent a racially hostile work environment.

March 05, 2023
|
By:
  • Giulia Heyward
Gas prices are displayed at a Mobil gas station in Los Angeles on Oct. 28, 2022. ExxonMobil posted record earnings in 2022, benefitting from a surge in oil prices.

Tagged as: 

  • Business

Exxon announced record earnings. It's bound to renew scrutiny of Big Oil

Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit.

January 31, 2023
|
By:
  • Camila Domonoske
Climate activists protest on the first day of the ExxonMobil trial outside the New York State Supreme Court building on Oct. 22, 2019, in New York City. ExxonMobil was found not guilty of misleading investors about how climate change would affect its finances.

Tagged as: 

  • Climate

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.

January 13, 2023
|
By:
  • Jeff Brady
Pictured are pumps at an Exxon gas station in Charlotte, N.C. A tiny fund got two board members elected to the oil giant's board, delivering a historic defeat to ExxonMobil.

Tagged as: 

  • Business

A Tiny Fund Has Scored A Historic Win Against ExxonMobil Over The Future Of Oil

A brand-new hedge fund wants ExxonMobil to take climate change more seriously. And despite Exxon's intense opposition, it managed to fill at least two seats on the oil giant's board of directors.

May 26, 2021
|
By:
  • Camila Domonoske
An Exxon station in Hicksville, N.Y., in March. Exxon Mobil Corp. announced up to $20 billion in write-downs of natural gas assets, the biggest such action ever by the company.

Tagged as: 

  • Business

Exxon Writes Off Record Amount From Value of Assets Amid Energy Market Downturn

Exxon, which usually avoids writing down assets, has announced its largest-ever impairment after canceling plans for natural gas projects in the Americas.

December 02, 2020
|
By:
  • Camila Domonoske
Exxon joined the Dow Jones Industrial Average in 1928, as Standard Oil, one of companies descended from John D. Rockefeller's world-transforming oil monopoly.

Tagged as: 

  • Business

Exxon Mobil Exits: The Dow Drops Its Oldest Member

Apple's stock split is the cause of the shake-up at the Dow Jones Industrial Average. But the symbolic shift also represents how Exxon, once a corporate titan, has diminished in stature.

August 25, 2020
|
By:
  • Camila Domonoske

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