ExxonMobil

Business, Fuel

Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year

Exxon station Richard Drew/Associated Press

NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.

Cathy Bussewitz | Associated Press
April 30, 2021
Business, Fuel

Exxon CEO Eyes Money-Making Potential of Low-Carbon World

Exxon CEO Darren Woods at the World Gas Conference in Washington, D.C., in 2018. (Bloomberg News) Exxon CEO Darren Woods at the World Gas Conference in Washington, D.C., in 2018. (Bloomberg News)

ExxonMobil Corp. sees multiple money-making opportunities in a low-emissions world and is targeting partnerships with venture funds to help finance growth in its carbon capture business, CEO Darren Woods said.

Kevin Crowley and Alix Steel | Bloomberg News
March 4, 2021
Business, Fuel

Exxon Defends Giant Dividend After First Annual Loss in Decades

Exxon logo Spencer Platt/Getty Images

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February 2, 2021
Business, Fuel

Exxon Announces New Emissions Targets After Investor Criticism

Exxon logo Andrew Harrer/Bloomberg

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

Kevin Crowley | Bloomberg News
December 14, 2020
Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. (Luke Sharrett/Bloomberg News)

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

Kevin Crowley | Bloomberg News
October 7, 2020
Business, Technology, Fuel

ExxonMobil to Distribute Renewable Diesel

Exxon sign Luke Sharrett/Bloomberg News

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.

August 14, 2020
Business, Fuel

Exxon Says 20% of Oil, Gas Reserves Threatened by Low Prices

Exxon station Andrew Harrer/Bloomberg

ExxonMobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.

August 5, 2020
Business, Fuel

Exxon Profits Drop as Most of World Stays Home

Exxon logo Richard Drew/AP

NEW YORK — Profits fell at ExxonMobil as the global pandemic began to erode oil demand.

Cathy Bussewitz | Associated Press
May 1, 2020
Government, Business, Technology, Safety, Fuel

Exxon Outlines Steps to Reduce Harmful Methane Emissions

ExxonMobil Richard Drew/Associated Press

NEW YORK — ExxonMobil on March 3 outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.

Cathy Bussewitz | Associated Press
March 3, 2020
Business, Fuel

Exxon Mobil Prevails in Lawsuit Over Climate Regulations

Exxon pump Rogelio V. Solis/AP

NEW YORK — Exxon Mobil won Dec. 10 in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business.

Jennifer Peltz | Associated Press
December 11, 2019

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