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
Government, Business, Fuel

Cyprus: ExxonMobil Finds Third-Biggest Gas Deposit in Two Years

Larnaca port in Cyprus A man sits on a beach at Larnaca port in Cyprus with a drilling platform offshore. (Petros Karadjias/AP)

NICOSIA, Cyprus — ExxonMobil has made the world’s third-biggest gas find in the past two years off the cost of Cyprus, the country’s government said Feb. 28.

Menelaos Hadjicostis | Associated Press
February 28, 2019
Business, Fuel

Exxon Puts $1 Million Into Hunt for Carbon Tax and Rebate

ExxonMobil Luke Sharrett/Bloomberg News

Exxon Mobil Corp. is putting $1 million into a political campaign that, if successful, would effectively spawn a tax tied to the company’s core products.

October 9, 2018
Business, Fuel

Exxon Quits Lobbying Group Backed by Fossil Fuel Interests

Exxon Mobil Corp. signage in Richmond, Ky, Luke Sharrett/Bloomberg

Exxon Mobil Corp. quit the American Legislative Exchange Council, a lobbying group bankrolled by fossil fuel companies, after a disagreement over climate change policy.

July 13, 2018
Business, Technology, Equipment, Fuel

ExxonMobil Launches New Synthetic Engine Oils to Meet Expected Growth

ExonMobil synthetic oils ExxonMobil

ExxonMobil introduced three Mobil Delvac 1 synthetic heavy-duty diesel engine oils for use in on-highway and off-highway applications, with the expectation that the oils’ promised improvements in fuel efficiency and maintenance will spur greater industry adoption.

Roger Gilroy | Senior Reporter
December 6, 2017