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The Latest Breaking News from Darren Woods

Exxon’s Potential Pioneer Deal: Short-Term Gains for Long-Term Pain

Exxon Mobil is hunting for more Permian Basin assets. That’s why informal talks with Pioneer Natural Resources are happening. The move might seem like a natural for XOM, but it could turn out to be one acquisition too many. Here’s why.

Barchart

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Los Angeles Times

Exxon reports record profits

The White House responds with renewed calls to boost production

Salon

From analysis to the latest developments in health,
read the most diverse news in one place.

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.

WEKU

Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

The Independent UK

Exxon’s predictions about the climate crisis may have increased its legal peril

Several US states say news that Exxon scientists predicted global heating accurately strengthens their lawsuits against company

The Guardian - US

Oil firms have internally dismissed swift climate action, House panel says

Documents show the fossil fuel industry ‘has no real plans to clean up its act’ and took steps to continue business as usual

The Guardian - US

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Editorial: Why we shouldn’t shame US oil companies for making money

In the run-up to the midterm elections, President Joe Biden couldn’t resist taking a shot at one of the Democratic Party’s favorite scapegoats. As Americans continued to face high prices at the pump, Biden blasted oil and gas companies for “war profiteering” off Russia’s invasion of Ukraine.

Chicago Tribune

Exxon, Chevron reap $31 billion profit from energy crunch

Exxon Mobil Corp. and Chevron Corp. amassed more than $30 billion in combined net income as politicians blast Big Oil for raking in massive profits at a time when consumers are struggling with soaring inflation and energy shortages worldwide.

Tribune News Service

Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture

The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing.

Businessweek

Warburton man fronts Kalgoorlie court over sexual assault and aggravated burglary charges

A Warburton man accused of breaking into three Kalgoorlie homes early Monday morning and sexually assaulting or indecently assaulting a woman at each of the properties is refused bail.

ABC News

Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

Petrol price investigation: who owns the UK’s oil refineries?

As the competition watchdog investigates profit margins, here are six of the largest refiners and the corporate interests behind them

The Guardian - UK

Qatari emir and Elon Musk speak on day 2 of Qatar Economic Forum

Delegates at the economic forum discussed diversifying economies, while Musk gave updates on Twitter acquisition.

Al Jazeera

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Benzinga

Stock Wars: Chevron Vs. ExxonMobil

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Reason

No, Gas Prices Didn't Spike Because of 'Corporate Greed'

Corporations were just as greedy when prices fell in 2019 and early 2020.

The Independent UK

Democrats accuse oil companies of 'rip off' on gas prices

House Democrats are accusing oil companies of “ripping off the American people” and putting profits before production as Americans suffer from higher gasoline prices amid the war in Ukraine

Roll Call

Executives due at gas price hearing gave $1 million to parties, candidates

One CEO called to testify about high gas prices at a hearing Wednesday gave $469,000 since 1993, public records show.

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