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The Latest Breaking News from Exxon

Big Oil backs out of climate promises

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

Salon

Is It Time To Buy XOM Stock As Exxon Mobil Restructures To Save Billions?

Exxon stock hit an all-time high on Friday. The stock is up almost 7% for the year, but does it have room to run?

Investors Business Daily

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

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‘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

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

The Independent UK

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

Investors Business Daily

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.

Tribune News Service

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Exxon reports record profits

The White House responds with renewed calls to boost production

Salon

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

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

Daily Mirror

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 Independent UK

Dow Jones Reverses Lower Ahead Of Fed Meeting; Caterpillar, Exxon, Pfizer, McDonald's Fall On Earnings

The Dow Jones reversed lower Tuesday, as the Fed's two-day meeting kicks off today. Caterpillar, Exxon and Pfizer dropped on earnings.

Investors Business Daily

Exxon Mobil Stock, Fueled By 'Favorable Market,' Sees Record 2022 Profits, White House Responds

XOM shares edged lower Wednesday after the company reported mixed Q4 earnings Tuesday.

Investors Business Daily

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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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news in one place.

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The Guardian - UK

Exxon and the 1970s climate predictions that were ignored

Letters: Dr Kimon Roussopoulos and Lynn Malpas on unheeded warnings about global heating

Axios

UN leader attacks fossil fuel companies in Davos for sowing doubt on climate change

"Some in big oil peddled the big lie," he said.

Investors Business Daily

Dow Jones Futures Fall After Market Rally Clears Resistance; Tesla China Sales Get Bump

Futures fell after the market rally cleared resistance last week. Time to act, carefully. Tesla China sales rose post-price cuts.

The New Daily

ExxonMobil ignored accurate global warming studies by its scientists for decades, research finds

ExxonMobil, one of the world's largest fossil fuel companies, predicted global warming, but chose to downplay climate change for decades.

The Guardian - AU

Afternoon Update: were factional feuds behind Perrottet’s revelation?; Lisa Marie Presley dies; and Covid cases drop

NSW premier refuses to engage with suggestions Liberal party feuds led to his Nazi costume revelation, but that hasn’t stopped speculation

Al Jazeera

ExxonMobil predicted climate change while downplaying risk

US-based company’s own scientists accurately predicted global warming as far back as the 1970s, study says.

Tribune News Service

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