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The Latest Breaking News from Exxon

Exxon’s new ‘advanced recycling’ plant raises environmental concerns

Advocates warn plants like the latest addition to the Texas complex generate hazardous pollutants and provide cover for oil giants to produce new plastic products

The Guardian - US

Investors Shorting Out-of-the-Money Exxon Put Options Are Still Making Good Money

Exxon stock has done well over the last month, making money for investors who shorted puts in out-of-the-money (OTM) puts. This trade still looks good with strong oil and gas prices.

Barchart

Exxon in the classroom: how big oil money influences US universities

Students at Princeton describe unease that Exxon employee had an office on campus, while dozens of universities have big oil links

The Guardian - US

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How Exxon’s climate projections fared

In the 1980s, a group of Exxon scientists predicted climate change with uncanny accuracy

Salon

Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits

The Independent UK

The Best Defensive Stocks to Buy in an Uncertain Market

If you're concerned about war, inflation, interest rates and economic growth, the best defensive stocks can help protect your portfolio.

Kiplinger

Biden urges SCOTUS on climate suits

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

Salon

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Big oil firms touted algae as climate solution. Now all have pulled funding

Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research

The Guardian - US

Biden administration sides with climate lawsuit against fossil fuel companies

DoJ brief argues that Colorado case against energy giants ExxonMobil and Suncor should be heard in state court instead of federal

The Guardian - US

Saudi Aramco’s $161bn profit is largest recorded by an oil and gas firm

Amnesty International hits out at ‘shocking’ annual figure reaped through sale of fossil fuel

The Guardian - UK

Exxon sued by US after five nooses found at Louisiana plant

The U.S. government sued Exxon Mobil Corp. for racial discrimination against a Black employee after the company allegedly failed to adequately respond to the appearance of five hangman’s nooses at a Louisiana petrochemical plant over several years.

Tribune News Service

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

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

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

The Guardian - US

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The Independent UK

ExxonMobil should ‘own up and pay up’ for heating planet, government’s climate adviser says

Lord Deben, a cabinet minister under Margaret Thatcher, says oil and gas giant is refusing to take ‘any responsibility’ for role it played in accelerating climate change

Tribune News Service

Martin Schram: Bad news — lost and found

Two big blips of downright infuriating news flashed across our news screens last week. But both vanished quickly, swamped by the next gush of made-for-TV stories.

Salon

Exxon reports record profits

The White House responds with renewed calls to boost production

WEKU

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.

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The Independent UK

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

Daily Mirror

Esso owners raked in record £44bn last year as drivers battled with soaring fuel prices

US heavyweight Exxon Mobil’s massive haul was not only more than it has ever made before but a historic high for a Western oil company

The Independent UK

Difficulty measuring methane slows plan to slash emissions

Satellites, drones and airplanes equipped with infrared cameras will likely be the backbone of a new federal policy to fine the nation’s largest methane polluters

The Conversation

Exxon scientists accurately forecast climate change back in the 1970s – what if we had listened to them and acted then?

Writers of speculative- and science-fiction often identify a key point in time and explore how a seemingly insignificant event might change the path of humanity.

The Independent UK

Guyana: Satellites will spot oil spills, not on-ship experts

The former leader of Guyana’s Environmental Protection Agency is criticizing the government's plan to use satellites to monitor oil spills in the South American nation’s waters

The Guardian - US

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

Chicago Sun-Times

Public funding for political campaigns will keep government working in public’s interest

Exxon Mobil spent millions on climate change denial and political contributions — mostly to Republicans — to block action against climate change.

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