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The Latest Breaking News from Exxon

ExxonMobil takes EU to court in bid to block ‘counter-productive’ windfall tax

Oil and gas giant has accused the EU of overreaching its authority with move to tax profits amid energy crisis

The Independent UK

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

Stock Market Rally Falls On Recession Fears; Tesla Plunges On China News: Weekly Review

The market rally suffered significant weekly losses as recession fears mounted. Tesla stock dived on China demand concerns.

Investors Business Daily

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Exxon Mobil Stock Advances With More Buybacks Through 2024, Chevron Increases Spending

Exxon Mobil advanced 0.6% Thursday after it announced its five-year business plan.

Investors Business Daily

The Best Energy ETFs to Buy

Energy ETFs can help investors earn income, hedge against inflation or speculate on commodity prices. Here are five we like.

Kiplinger

A former Florida congressman is arrested on charges of lobbying for Venezuela

A newly unsealed grand jury indictment alleges that former Rep. David Rivera, a well-connected Florida Republican, illegally acted on Venezuela's behalf.

WEKU

Dow Jones Futures Fall: Market Rally Wipes Out Powell Gains As Apple, Exxon, Tesla Skid

Futures fell after the market rally erased gains from Fed chief Jerome Powell's Nov. 30 speech. Apple, Exxon broke below key levels.

Investors Business Daily

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Ex-Miami congressman Rivera arrested in Venezuela probe

A former Miami Republican congressman who signed a $50 million consulting contract with Venezuela’s socialist government has been arrested in connection to an ongoing federal criminal investigation

The Independent UK

Time is running out. We must call out the vested interests propelling the climate crisis

It is not enough to professionally communicate the science of climate change. This is not a matter of rationality.

The Guardian - AU

How US climate lawsuits could hold Big Oil accountable

If successful, a growing wave of lawsuits could force companies to pay for climate adaptation, experts say.

Al Jazeera

Biden feud with Big Oil ratchets up just as world needs more US oil

As October drew to a close, the White House saw another potential energy flash point on the horizon.

Tribune News Service

Industry Threatens Water Supplies and Coastal Ecology Near Corpus Christi

Environmentalists have seized on water supply as a “chokehold” to block fossil fuels on the rugged South Texas coast.

Texas Observer

Corpus Christi sold its water to Exxon, gambling on desalination. So far, it is losing the bet.

Concerns over ecological damage to Corpus Christi Bay have delayed plans to convert sea water to drinking water for years in this booming Gulf Coast city, where environmentalists see water supply as a “chokehold” to block new fossil fuel infrastructure.

The Texas Tribune

Oil Producer Stocks Exxon, Chevron Advance After Biden Calls For Tax On Profits

Exxon and Chevron edged up Tuesday after the president called on Congress to tax the oil industry.

Investors Business Daily

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Benzinga

Exxon Mobil, Chevron Shares Continue Rally Following Q3 Earnings, But Which Oil Stock Do Wall Street Analysts Prefer?

U.S. oil majors Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reported impressive third-quarter numbers last week, with each company beating consensus earnings estimates by roughly 15%.

Tribune News Service

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.

Investors Business Daily

Stock Market Rally Resilient As Apple Bucks Megacap Meltdown: Weekly Review

The market rally was volatile but ultimately rallied broadly. Amazon, Meta, Google and Microsoft sold off on earnings, as Apple jumped on results.

The Guardian - UK

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

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Benzinga

Occidental Petroleum Is The Most Shorted Stock In The Energy Sector: How Do Exxon Mobil And Chevron Compare?

Occidental Petroleum Corporation (NYSE: OXY) has been the best-performing stock in the S&P 500 in 2022 and has inflicted major pain on short sellers.

Investors Business Daily

Exxon Mobil Stock Advances On Record Profits, Chevron Tops Views

Exxon Mobil stock and Chevron shares jumped Wednesday. The energy giants report Q3 earnings this week with big profits and less spending expected.

Benzinga

Want To Play The Energy Sector Bullish Into Exxon Earnings? This ETF Offers 2X Returns

Direxion Energy Bull 2X Shares (NYSE: ERX) was trading slightly lower in consolidation on Tuesday, after momentum within an uptrend caused the ETF to rally over 14% between Oct. 19 and Monday.

Financial Times

‘Put up or shut up’: can Big Oil prove the case for carbon capture?

Lavish US tax breaks are transforming the case for technology that traps and stores CO₂. Critics say it is still a green boondoggle

Benzinga

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

Businessweek

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.

Radio France Internationale

French government ready to 'intervene' to break fuel depot strike

The French government has called for the immediate lifting of fuel depot blockage and has threatened to intervenue to break the deadlock. This as workers from TotalEnergies and Esso-Exxon Mobil pursue their strike action for better salaries.

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