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
Business, Fuel

Exxon Profit Plummets With Plenty of Oil to Go Around

Mobil gas pump Rogelio V. Solis/AP

IRVING, Texas — Exxon Mobil’s profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped.

November 1, 2019
Government, Business, Fuel

Exxon Is Discouraging Witnesses in Climate Suit, N.Y. Says

Exxon gas station as sun sets Exxon says the New York Attorney General's office is taking too long to disclose its list of third-party witnesses. (Luke Sharrett/Bloomberg News)

New York accused Exxon Mobil Corp. of trying to discourage potential witnesses in a state lawsuit alleging the oil and gas company misled investors about the financial impact of climate change.

Erik Larson | Bloomberg News
August 8, 2019
Government, Business, Safety, Fuel

Amazon, ExxonMobil Among Corporations Called Out Over Climate Transparency

Czarek Sokolowski/Associated Press

Amazon.com, Exxon Mobil Corp. and Volvo are among more than 700 companies being targeted in a campaign backed by a large group of investors advocating for greater transparency when it comes to environmental impact.

Eric Roston | Bloomberg News
June 17, 2019
Government, Business, Technology, Fuel

Exxon, Saudis Bet on Plastic, Chemicals With Coastal Texas Plant

Exxon Luke Sharrett/Bloomberg News

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.

June 14, 2019
Business, Fuel

Exxon, Chevron to Face Climate Change Pressure From Investors

Daniel Acker/Bloomberg News

Exxon Mobil Corp. and Chevron Corp.’s unwillingness to venture beyond their core oil and gas business will face a test May 29 when shareholders vote on climate change proposals at both oil companies’ annual meetings.

Kevin Crowley | Bloomberg News
May 28, 2019