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News Articles: Exxon Mobil

In this aerial picture taken on Aug. 21, a vehicle drives through floodwaters following heavy rains from Tropical Storm Hilary in Thousand Palms, Calif.

Tagged as: 

  • Climate

California's lawsuit says oil giants downplayed climate change. Here's what to know

California accuses oil companies of misleading the public on the dangers of fossil fuels for decades. The state demands they help fund recovery efforts after climate change-fueled disasters.

September 17, 2023
|
By:
  • Juliana Kim and
  • Michael Copley
Internal Exxon documents obtained by <em>The Wall Street Journal</em> span Rex Tillerson's tenure as the company's chief executive from 2006 until 2016.

Tagged as: 

  • Climate

Exxon minimized climate change internally after conceding that fossil fuels cause it

The Wall Street Journal reported Thursday that as recently as 2016, Exxon executives were privately pushing back on the idea that humans need to cut their use of oil and gas to limit global warming.

September 15, 2023
|
By:
  • Michael Copley
A seawall stretches for hundreds of miles along the coast of Guyana, in northern South America. It protects the low-lying coastal lands where the majority of Guyana's population lives. The region is acutely threatened by rising sea levels, as well as other symptoms of climate change, yet Guyana is embracing the oil industry.

Tagged as: 

  • Business

Guyana is a poor country that was a green champion. Then Exxon discovered oil

Guyana, one of South America's poorest countries, is under severe threat by rising seas. That had made it a champion of climate action, but it all changed when ExxonMobil found oil off its waters.

November 07, 2021
|
By:
  • Camila Domonoske and
  • Ryan Kellman
The energy industry was shaken by a trio of events this week that could help shape the future of oil and gas. Here, the sun sets behind two under-construction offshore oil platform rigs in Port Fourchon, La., in 2010.

Tagged as: 

  • Business

The Week That Shook Big Oil

A set of events shook the oil world this week: A tiny shareholder won a battle with Exxon, investors put pressure on Chevron and a Dutch court ordered Shell to slash emissions.

May 28, 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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