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