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The Latest Breaking News from ExxonMobil

French government orders workers to ensure fuel supplies

The French government has moved to requisition workers operating petrol depots of ExxonMobil’s French branch Esso in an attempt to ensure that service stations around the country are supplied with badly needed fuel amid an ongoing strike

The Independent UK

France orders striking fuel refinery employees back to work

Energy ministry says it has requisitioned staff at a depot in Normandy as showdown with CGT union escalates.

Al Jazeera

Fears French fuel crisis could spread amid plans to order strikers to work

Union vows to fight government in court as workers at ExxonMobil and TotalEnergies demand pay rise and share of profits

The Guardian - UK

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Workers at France’s refineries and fuel depots vote to continue strikes

Striking French oil refinery employees voted Wednesday to maintain blockades now in their third week, despite a government order for some of them to return to work in a bid to get fuel supplies flowing.

France 24

French PM to requisition workers amid refineries strike

French Prime Minister Elisabeth Borne has announced a decision to requisition workers operating petrol depots of the ExxonMobil’s French branch Esso and threatened to do the same for those of Total group, amid strikes that have led fuel pumps to run dry in the country

The Independent UK

France’s oil strikes push on as petrol station queues worsen

The country’s total refinery output has been reduced by more than 60% over the past two weeks

The Guardian - UK

TotalEnergies accelerates refinery wage talks as fuel supply shrinks

TotalEnergies on Sunday offered to bring forward wage talks, in response to union demands, as it sought to end a strike that has disrupted supplies to almost a third of French petrol stations and led the government to tap strategic reserves.

Reuters

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There's a Better Pick Over Exxon Mobil in the Energy Sector

While higher price realizations and significant market demand should bode well for energy companies, including Exxon Mobil (XOM) and Marathon Petroleum (MPC), we think MPC is better positioned to capitalize on the industry tailwinds given its solid fundamentals and growth attributes. Read on to learn more….

StockNews.com

Criticism intensifies after big oil admits ‘gaslighting’ public over green aims

Fury as ‘explosive’ documents reveal largest oil companies contradicted public statements and wished bedbugs upon critical activists

The Guardian - US

Republicans plan legal assault on climate disclosure rules for public companies

The SEC’s proposed new rules, which would require public corporations to disclose climate-related information, have been criticized by industry groups

The Guardian - US

How to invest in oil

Soaring energy prices have dominated the headlines over the last year. In the oil sector, the wholesale price of Brent crude oil (a key oil industry measure), is almost five times higher now than in April 2022, and motorists have faced record petrol prices at the pumps.

Evening Standard

How to invest in natural gas

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

Evening Standard

Oil and gas firms’ green investments fail to match promise of publicity – study

BP, Chevron, ExxonMobil, Shell and TotalEnergies spend $750m a year burnishing climate credentials but only 12% of capital on low-carbon development

The Guardian - UK

Pony therapy business hope as West Dunbartonshire council provide new site

The council are using compulsory purchase powers to take over the existing site, but have now agreed to provide owner Susan Dick alternative grazing land

Glasgow Live

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Newsroom.co.nz

Bad economics trumps good environmental outcomes

Whether pumping petrol or fouling streams, sometimes environmental regulations make it just seem easier to go with the flow.

The Guardian - UK

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

The Independent UK

Cyprus says new gas discovery aids Europe's energy search

Cyprus’ Energy Ministry says a new gas discovery off the island’s southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon helps bolster Europe’s efforts to secure alternative energy sources

The Independent UK

Oil giant Esso wins High Court injunction to stop protesters disrupting pipeline construction

Activist tunnelled underground near M25 – named in court order – accuses firm of ‘pouring fuel onto the flames’ of a world ‘on fire’

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Al Jazeera

ExxonMobil bid to end Indonesia lawsuit found ‘meritless’

US judge dismisses oil and gas giant’s arguments for avoiding trial over alleged human rights abuses in Indonesia.

The Guardian - UK

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

Asharq Al-Awsat

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

The Guardian - US

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

Al Jazeera

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.

The Independent UK

Climate disinformation leaves lasting mark as world heats

Wildfires, floods and soaring temperatures have made climate change real to many Americans

Benzinga

Will Chevron's (CVX) Q2 Earnings Reverse The Previous Miss?

Chevron Corporation (NYSE: CVX) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $5.01 per share on revenues of $55.8 billion.

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