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The Latest Breaking News from Darren Woods

Editorial: Why we shouldn’t shame US oil companies for making money

In the run-up to the midterm elections, President Joe Biden couldn’t resist taking a shot at one of the Democratic Party’s favorite scapegoats. As Americans continued to face high prices at the pump, Biden blasted oil and gas companies for “war profiteering” off Russia’s invasion of Ukraine.

Chicago Tribune

Oil Producer Stocks Exxon, Chevron Advance After Biden Calls For Tax On Profits

Exxon and Chevron edged up Tuesday after the president called on Congress to tax the oil industry.

Investors Business Daily

Biden Threatens Big-Oil 'Windfall Tax' as Profits Surge

“It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break," said President Biden

The Street

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Exxon, Chevron reap $31 billion profit from energy crunch

Exxon Mobil Corp. and Chevron Corp. amassed more than $30 billion in combined net income as politicians blast Big Oil for raking in massive profits at a time when consumers are struggling with soaring inflation and energy shortages worldwide.

Tribune News Service

Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture

The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing.

Businessweek

Oil Companies Prioritize Buybacks Over Production Gains

Oil companies are focusing on returning money to investors over increasing oil production.

Investors Business Daily

Warburton man fronts Kalgoorlie court over sexual assault and aggravated burglary charges

A Warburton man accused of breaking into three Kalgoorlie homes early Monday morning and sexually assaulting or indecently assaulting a woman at each of the properties is refused bail.

ABC News

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XOM Stock Of The Day, Clears Key Resistance On Record Earnings

XOM stock topped an early entry Friday, advancing after the energy giant reported record earnings in the second-quarter.

Investors Business Daily

Profits at ExxonMobil, Chevron skyrocket with oil prices

New York (AFP) - US oil giants ExxonMobil and Chevron -- targets of White House criticism over soaring gasoline costs -- reported record quarterly profits Friday amid the war in Ukraine that sparked a steep rise in energy prices.

AFP

Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

Exxon Stock Higher As Q2 Profits Near $18 Billion Amid Crude Price Surge

“Strong second-quarter results reflect ... the investments we put in motion several years ago and sustained through the depths of the pandemic,” said CEO Darren Woods.

The Street

Petrol price investigation: who owns the UK’s oil refineries?

As the competition watchdog investigates profit margins, here are six of the largest refiners and the corporate interests behind them

The Guardian - UK

Oil turbulence could last five years, ExxonMobil boss warns

Doha (AFP) - Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.

AFP

Qatari emir and Elon Musk speak on day 2 of Qatar Economic Forum

Delegates at the economic forum discussed diversifying economies, while Musk gave updates on Twitter acquisition.

Al Jazeera

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Benzinga

Stock Wars: Chevron Vs. ExxonMobil

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Reason

No, Gas Prices Didn't Spike Because of 'Corporate Greed'

Corporations were just as greedy when prices fell in 2019 and early 2020.

The Street

Exxon Stock Slides As Russia Exit Trims $3.4 Billion From Q1 Earnings

“Earnings increased modestly, as strong margin improvement and underlying growth was offset by weather and timing impacts," said CEO Darren Woods.

The Independent UK

Democrats accuse oil companies of 'rip off' on gas prices

House Democrats are accusing oil companies of “ripping off the American people” and putting profits before production as Americans suffer from higher gasoline prices amid the war in Ukraine

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Roll Call

Executives due at gas price hearing gave $1 million to parties, candidates

One CEO called to testify about high gas prices at a hearing Wednesday gave $469,000 since 1993, public records show.

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Tamim bin Hamad Al Thani

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