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The Latest Breaking News from Exxon

Oil giants report record results amid petrol and energy price hikes

Exxon Mobil, Chevron and Shell all came out on top in second quarter financials

Evening Standard

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Bangkok Post

Indonesian ExxonMobil accusers get day in court after 21 years

US judge clears way for trial over alleged human rights abuses by the oil giant during the late 1990s and early 2000s.

Al Jazeera

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Summer 2022: Dawn of the apocalypse

We've been warned for decades about the death march of climate change. But global elites have done almost nothing

Salon

Big Oil V the World review – how can these climate crisis deniers sleep at night?

This shocking documentary series reveals the lies oil lobbyists told to undercut democracy, prevent action against global heating – and bring our planet to the brink

The Guardian - UK

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

The Guardian - AU

Dumbarton pony owner's fury as council fails to secure suitable land swap

Susan Dick says her ponies face being forced off their land to make way for the new A82 relief road - with nowhere else to go.

Daily Record

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Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

Asharq Al-Awsat

I led the US lawsuit against big tobacco for its harmful lies. Big oil is next

We may be approaching a legal tipping point for fossil fuel companies, says the author Sharon Y Eubanks

The Guardian - UK

Michael Hiltzik: The GOP is now complaining about environmentally conscious investing

In May, Elon Musk went on the warpath against the investment model known by the initials ESG, short for "environmental, social and governance" principles.

Los Angeles Times

As Exxon, Chevron Continue To Plunge, Here's A Look At The Direxion Energy Bull 2X Shares ETF Chart

Direxion Energy Bull 2X Shares (NYSE: ERX) gapped down 10.42% to start the trading day on Wednesday. The ETF was erasing some of its losses in the afternoon, trading about 8% lower.

Benzinga

Biden calls on Congress to suspend federal gas tax

A three-month suspension of the tax will cost the government approximately $10 billion.

Axios

News briefs

Being 'fully vaccinated' but not boosted doesn't help against omicron, study finds

Tribune News Service

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Tribune News Service

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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.

WEKU

Biden is under pressure on gas prices. So he's putting pressure on oil companies

President Biden says he wants the biggest refiners to do more to increase gasoline supply and lower prices. He says he's ready to use emergency powers to boost capacity — but he didn't give details.

The Guardian - UK

Thinktank that briefed against XR given $30k by ExxonMobil in 2017

Report shows Policy Exchange, which called for criminalisation of climate group, previously received money from oil firm

Tribune News Service

US gasoline tops $5 a gallon on average in new inflation marker

Gasoline topped an average of $5 per gallon in the U.S. for the first time, signaling the latest pain point for American consumers and President Joe Biden’s efforts to curb inflation.

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news in one place.

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Benzinga

Traders Expect Exxon Mobil Rally To Continue

Shares of Exxon Mobil Corp (NYSE: XOM) has risen by almost 63% year to date.

The Guardian - US

Industrial water use threatens Louisiana capital’s drinking water

Unchecked water use by companies like Exxon risks saltwater intrusion and undrinkable tap water

Benzinga

Why Exxon Mobil Looks Set For All-Time Highs As Gas Prices Soar

Exxon Mobil Corp (NYSE: XOM) was shooting up more than 4% higher on Tuesday after two analysts raised their price targets on the stock.

Asharq Al-Awsat

Gazprom Suspends Gas Deliveries to Dutch Trader GasTerra

GasTerra will no longer receive gas from Russia's Gazprom from May 31 after refusing to agree to Moscow's demands for payment in roubles, the two companies said on Monday. GasTerra, which buys and trades gas on behalf of the Dutch government, said it had contracted elsewhere for the 2 billion…

The Independent UK

ExxonMobil loses bid to nix climate change lawsuit

Massachusetts’ highest court has rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its products play in causing climate change

The Guardian - US

Exxon must go to trial over alleged climate crimes, court rules

The ruling, and another crucial court decision this week, will force the company to face charges it lied about global heating

The Conversation

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the SP 500 ESG Index has set off a roiling debate over the value of ESG ratings.

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