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News Articles: ExxonMobil

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
A sign for an Exxon-branded gas station stands in Brooklyn, New York, on Oct. 28, 2016. Oil companies enjoyed a surge in profits in the first three months of 2022.

Tagged as: 

  • Business

The good times are rolling for Big Oil. 3 things to know about their surging profits

Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.

May 07, 2022
|
By:
  • Brittany Cronin
A woman passes by an Apple store at the GUM department store in central Moscow on April 27, 2021. Apple said this week that it's pausing the sale of its products in Russia.

Tagged as: 

  • Business

One by one, global companies are cutting their ties to Russia

Companies ranging from General Motors to UPS are exiting or reducing their operations in Russia as wide-ranging sanctions make it all but impossible to operate in the country.

March 02, 2022
|
By:
  • David Gura
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
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

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