(Bloomberg) — Exxon Mobil Corp.’s ambitious plan to storm the world of energy trading is getting a skeptical reaction from seasoned market observers who say the oil giant could be a formidable f...
Tag: Exxons
A Fresh Reading Of Exxon’s Predictions Of Global Warming And Climate Change From 40 Years Ago.
ExxonMobil gas station in February 2022 in Houston, Texas. Getty Images An Exxon study done in 1982 focused on global warming by increasing greenhouse gas (GHG) emissions. Remarkably, thirty-seven yea...
Exxon’s US Workers Get Inflation-Busting Pay Hike as Profit Hits Record
(Bloomberg) — Exxon Mobil Corp. is awarding US employees above-inflation pay increases just weeks after the Texas oil giant posted its highest quarterly profit, underlining how strong 2022 has b...
Does Exxon’s Departure From Russia Signal Higher Oil Prices?
The Molikpaq offshore oil platform, which produces up to 70,000 barrels a day stands off Sakhalin … [+] island, Far Eastern Russia, 27 April 2003. On June 11, the first drilling spoil is due to ...
‘We Were Wrong’ About Exxon’s Prospects, Analyst Says
Text size Scott Olson/Getty Images A former bear on Exxon Mobil has changed his tune, and acknowledged that he underestimated the company’s comeback last year. RBC Capital Markets analyst Biraj Borkha...
There’s something missing in Exxon’s net-zero target for 2050
Exxon Mobil Corp (NYSE: XOM) on Tuesday said it was targeting net-zero greenhouse gas emissions by 2050. Shareholders responded well to the announcement, resulting in a close to 3.0% gain in the stock...
Exxon’s Investments Are Paying Off. Expect Big Dividends, Buybacks.
Text size Exxon has been investing in its refining business while others in the industry have been holding back. Eric Thayer/Getty Images Exxon Mobil has zigged where other giant energy companies have...