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The Latest Breaking News from Exxon

Investors Shorting Out-of-the-Money Exxon Put Options Are Still Making Good Money

Exxon stock has done well over the last month, making money for investors who shorted puts in out-of-the-money (OTM) puts. This trade still looks good with strong oil and gas prices.

Barchart

Exxon in the classroom: how big oil money influences US universities

Students at Princeton describe unease that Exxon employee had an office on campus, while dozens of universities have big oil links

The Guardian - US

How Exxon’s climate projections fared

In the 1980s, a group of Exxon scientists predicted climate change with uncanny accuracy

Salon

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Chad nationalizes assets by oil giant Exxon, says government

Chad's government said it was nationalizing all assets from multinational oil giant, Exxon Mobil, including hydrocarbon and exploration permits

The Independent UK

Best Defensive Stocks to Buy Now

Investors are concerned about the financial sector and the economy, but these best defensive stocks have risk-averse traits that can help calm those fears.

Kiplinger

Biden urges SCOTUS on climate suits

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

Salon

Big oil firms touted algae as climate solution. Now all have pulled funding

Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research

The Guardian - US

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Biden administration sides with climate lawsuit against fossil fuel companies

DoJ brief argues that Colorado case against energy giants ExxonMobil and Suncor should be heard in state court instead of federal

The Guardian - US

Is It Time To Buy Or Sell ExxonMobil Stock As It Breaches A Resistance Level?

ExxonMobil reclaimed a critical moving average. Is now the time to buy shares?

Investors Business Daily

Chevron, Exxon Mobil Falter As Oil Prices Skid To 15-Month Lows

U.S. oil prices dropped Wednesday to their lowest levels since December 2021 and energy stocks responded.

Investors Business Daily

Saudi Aramco’s $161bn profit is largest recorded by an oil and gas firm

Amnesty International hits out at ‘shocking’ annual figure reaped through sale of fossil fuel

The Guardian - UK

Exxon Mobil Sued For Horrifying Racial Discrimination

There were several incidences over a five year period, according to a lawsuit against the company.

The Street

Exxon sued by US after five nooses found at Louisiana plant

The U.S. government sued Exxon Mobil Corp. for racial discrimination against a Black employee after the company allegedly failed to adequately respond to the appearance of five hangman’s nooses at a Louisiana petrochemical plant over several years.

Tribune News Service

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Salon

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Investors Business Daily

Is It Time To Buy XOM Stock As Exxon Mobil Restructures To Save Billions?

Exxon stock hit an all-time high on Friday. The stock is up almost 7% for the year, but does it have room to run?

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

The Guardian - US

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

AFP

Energy majors look for mega profits to roll on

Paris (AFP) - The world's top oil and gas companies amassed record profits in 2022 after Russia's invasion of Ukraine drove prices higher -- with more high earnings, and anger, likely coming their way this year.

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The Independent UK

ExxonMobil should ‘own up and pay up’ for heating planet, government’s climate adviser says

Lord Deben, a cabinet minister under Margaret Thatcher, says oil and gas giant is refusing to take ‘any responsibility’ for role it played in accelerating climate change

Investors Business Daily

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

Tribune News Service

Martin Schram: Bad news — lost and found

Two big blips of downright infuriating news flashed across our news screens last week. But both vanished quickly, swamped by the next gush of made-for-TV stories.

Salon

Exxon reports record profits

The White House responds with renewed calls to boost production

WEKU

Exxon announced record earnings. It's bound to renew scrutiny of Big Oil

Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit.

The Independent UK

Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

Daily Mirror

Esso owners raked in record £44bn last year as drivers battled with soaring fuel prices

US heavyweight Exxon Mobil’s massive haul was not only more than it has ever made before but a historic high for a Western oil company

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