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Inside the new climate assault on the oil majors
Multnomah County, Oregon, is suing the global fossil fuel industry for US$50 billion ($76.2 billion) It is accusing defendants, including ExxonMobil, Shell, BP, the American Petroleum Institute, Koch Industries and McKinsey & Co of executing a scheme to rapaciously sell fossil fuel products.
Inside the new climate assault on the oil majors Multnomah County, Oregon, is suing the global fossil fuel industry for US$50 billion ($76.2 billion) It is accusing defendants, including ExxonMobil, Shell, BP, the American Petroleum Institute, Koch Industries and McKinsey & Co of executing a scheme to rapaciously sell fossil fuel products.
ExxonMobil Vs. Google: Profits, Taxes, & Perceptions Explained ExxonMobil's income tax was $20.2 billion in 2022, higher than Google's $11.4 billion. Public perception is more critical of ExxonMobil's profits compared to Google's.
Climate activists targeted by hacking scheme say public is real victim Climate activists targeted by hacking scheme say it had a "completely detrimental, chilling effect" on their work. Aviram Azari, 52, of Kiryat Yam, Israel, was sentenced to six years and eight months in prison for his role in a global computer-hacking network. Azari used hackers to steal emails from activists campaigning against US oil company ExxonMobil.
Top companies' lobbying undermines their climate pledges, study finds Glencore, ExxonMobil and Stellantis are among companies lobbying for policies that conflict with their own pledges to cut carbon emissions. Of those with a net-zero emissions or similar climate target, nearly 60% are at risk of 'net zero greenwash' due to their lobbying.
Exxon To Start Producing Lithium In Arkansas To Become "Major" EV Battery Supplier Exxon hopes to become a major U.S. supplier for EV battery makers by 2030. The company bought drilling rights on 120,000 acres in southwest Arkansas for more than $100 million in May. lithium prices have dropped by over 60% this year due to increased market supply.
Joe Manchin Wants One Thing and It’s Disgusting Joe Manchin announced today that he will not be running to keep his West Virginia Senate seat. Since his first run for the Senate in 2010, he’s accepted $1.4 million worth of campaign contributions from the oil and gas industry. In 2021, an ExxonMobil lobbyist bragged that he spoke to Manchin every week.
The latest news, headlines, and business stories for November 9 The actors' union SAG-AFTRA announced a tentative deal with Hollywood studios. ExxonMobil surpassed Tesla as the most-shorted stock in the S&P 500.
Everyone is going bankrupt The actors' union SAG-AFTRA announced Wednesday that it had secured a tentative deal with Hollywood studios to end a strike. ExxonMobil surpassed Tesla as the most-shorted stock in the S&P 500.
SBM Offshore upgrades annual revenue, profit outlook... SBM Offshore upgrades annual revenue, profit outlook after ExxonMobil sale. Shares up 6.76% at 12.47 euros at 0811 GMT, on track for their best day in over two years.
Pioneer Natural Resources' profit falls, but tops... Pioneer Natural Resources' profit falls, but tops analysts estimates. U.S. shale producer agreed to be acquired by oil major ExxonMobil.
Schumer and other Senate Democrats call for a federal probe of huge oil deals by Exxon and Chevron Democratic senators say Exxon and Chevron mergers could harm competition. They say the deals could lead to higher prices at the gas pump. The FTC said the agency had received the letter but declined further comment.
Schumer and other Senate Democrats call for a federal probe of huge oil deals by Exxon and Chevron Exxon's proposed $60 billion acquisition of Pioneer Natural Resources is one of the largest petroleum deals in U.S. history. Chevron’s proposed $53 billion purchase of Hess Corp. could violate antitrust law, lawmakers say. The FTC said the agency had received the letter but declined further comment.
Exxon scraps plan to replace pipelines from 2015 oil spill - Los Angeles Times ExxonMobil has scrapped plans to replace miles of pipeline through Santa Barbara County. The oil giant has raised fresh concerns, saying it is instead exploring the possibility of repairing existing, damaged pipeline.
Chevron buys rival Hess for £43bn The US oil giant will pay £43bn for Hess, with American firms doubling down on bets that demand for fossil fuels will remain robust for years to come. ExxonMobil recently acquired Pioneer Natural Resources for £52bn.
How Chevron and Exxon's Latest Fossil Fuel Deals Compare To Their Green Spending Chevron spent five times more on its single Hess acquisition this year than it budgeted for carbon reduction investments from 2021-2028. Exxon spent more than triple its carbon reduction Investments budget for the next five years on its one giant carbon-spewing middle finger to the IEA and its peak-oil projections.
'Americans have other priorities than fighting climate change, and candidate Biden knows it' Joe Biden announced huge investment in hydrogen, a windfall that will also benefit oil companies. ExxonMobil announced the purchase of a shale oil and gas heavyweight for nearly $60 billion. US President Joe Biden pledged $7 billion in federal hydrogen credits.
ExxonMobil's $60 billion Pioneer deal signals era of 'extreme consolidation' for oil industry ExxonMobil's acquisition of Pioneer Natural Resources highlights Big Oil's continued appetite for shale producers. Big Oil players have increasingly turned to the Permian Basin for oil and gas, where technological advancements and infrastructure have led to lower extraction costs.
Why ExxonMobil is paying $60bn for Pioneer | Mint Consolidation will transform America’s fragmented shale industry. ExxonMobil has said it would buy Pioneer for $60bn in one of the biggest oil mergers ever.
Why ExxonMobil is paying $60bn for Pioneer | Mint ExxonMobil said it would buy Pioneer for $60bn in one of the biggest oil mergers ever. The deal would nearly double ExxonMobil’s domestic oil output in an instant. It is also likely to prompt more consolidation in what remains a fragmented industry.
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