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The Latest Breaking News from Exxon

US gasoline tops $5 a gallon on average in new inflation marker

Gasoline topped an average of $5 per gallon in the U.S. for the first time, signaling the latest pain point for American consumers and President Joe Biden’s efforts to curb inflation.

Tribune News Service

Biden says ExxonMobil 'made more money than God'

Los Angeles (AFP) - President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and the US leader's popularity ahead of midterm elections.

AFP

Traders Expect Exxon Mobil Rally To Continue

Shares of Exxon Mobil Corp (NYSE: XOM) has risen by almost 63% year to date.

Benzinga

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Industrial water use threatens Louisiana capital’s drinking water

Unchecked water use by companies like Exxon risks saltwater intrusion and undrinkable tap water

The Guardian - US

Why Exxon Mobil Looks Set For All-Time Highs As Gas Prices Soar

Exxon Mobil Corp (NYSE: XOM) was shooting up more than 4% higher on Tuesday after two analysts raised their price targets on the stock.

Benzinga

Gazprom Suspends Gas Deliveries to Dutch Trader GasTerra

GasTerra will no longer receive gas from Russia's Gazprom from May 31 after refusing to agree to Moscow's demands for payment in roubles, the two companies said on Monday. GasTerra, which buys and trades gas on behalf of the Dutch government, said it had contracted elsewhere for the 2 billion…

Asharq Al-Awsat

Oil And Gas Producer Equinor, IBD Stock Of The Day, Flashes Buy Signal

IBD Stock Of The Day Equinor is benefiting from hot energy prices. The Norwegian oil and gas company reclaimed a key level and flashed an early buy signal on Wednesday.

Investors Business Daily

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ExxonMobil loses bid to nix climate change lawsuit

Massachusetts’ highest court has rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its products play in causing climate change

The Independent UK

Exxon must go to trial over alleged climate crimes, court rules

The ruling, and another crucial court decision this week, will force the company to face charges it lied about global heating

The Guardian - US

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the SP 500 ESG Index has set off a roiling debate over the value of ESG ratings.

The Conversation

Elon Musk continues push back against ESG

Documenting ESG pushback

Ballotpedia

Stocks Slide, Snap Plunges, Zoom, Nordstrom, Exxon In Focus - Five Things To Know

Stock futures slide on renewed growth worries; Snap plummets on profit warning, social media stocks tumble; Zoom shares surge after Q1 earnings beat, outlook boost; Nordstrom slips lower ahead of retail earnings parade and Exxon shareholders urged to split CEO, chairman role

The Street

Dow Jones Falls, Tech Stocks Sell Off To Kick Off Week

The Dow Jones Industrial Average dropped Monday, as the stock market paused after a two-day bounce off correction lows.

Investors Business Daily

Dow Jones Rallies; Twitter Plunges After Elon Musk Says Deal 'On Hold'

The Dow Jones Industrial Average rallied 250 points Friday. Twitter plunged after Elon Musk tweeted the deal is "temporarily on hold."

Investors Business Daily

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The Guardian - US

Largest oil and gas producers made close to $100bn in first quarter of 2022

Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn

Investors Business Daily

Dow Jones Cuts Losses After New Inflation Data; Disney Tumbles On Earnings

The Dow Jones Industrial Average dropped after inflation data Thursday, as the market correction worsens. Disney tumbled on earnings results.

The Guardian - UK

‘We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza

Multibillion-dollar deal promising to lift country out of poverty may be false dawn with dire impact on climate, warn campaigners

The Guardian - US

Exxon doubles down on ‘advanced recycling’ claims that yield few results

The petroleum company is under investigation for misleading the public while exacerbating the global plastic pollution crisis

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news in one place.

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The Independent UK

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

Investors Business Daily

Dow Jones Dives As Stock Market Correction Worsens; Bitcoin Tumbles And Yields Climb

The Dow Jones Industrial Average dived 500 points Monday morning. Bitcoin tumbled to its lowest level since July 2021.

WEKU

The good times are rolling for Big Oil. 3 things to know about their surging profits

Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.

Benzinga

6 Best-Performing Robinhood Stocks Of 2022

The SPDR S&P 500 ETF Trust (NYSE: SPY) is off to a brutal start to 2022, down 12.1% year-to-date. Robinhood Markets Inc (NASDAQ: HOOD) has been one of the worst performers of all so far this year, dropping 43.3%.

Investors Business Daily

Dow Jones Sells Off After Jobs Report As Treasury Yields Hit New High

The Dow Jones Industrial Average dropped Friday morning after the key April jobs report. The 10-year Treasury yield hit a new high.

Investors Business Daily

Dow Jones Sells Off After Big Stock Market Rally; Elon Musk Receives New Financing For Twitter

The Dow Jones Industrial Average dropped Thursday after Wednesday's big gains. Elon Musk received more financing for his Twitter deal.

Investors Business Daily

Dow Jones Futures Fall After Fed's Powell Fuels Big Market Rally; Apple, Exxon Flash Buy Signals

The stock market soared as Fed chief Jerome Powell signaled no supersize rate hikes. Apple, Exxon flashed buy signals. What should investors do now?

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