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The Latest Breaking News from ExxonMobil

Court: Lone Star State Violated Emissions Limits on Gulf Coast

Judges argued that the Texas Commission on Environmental Quality illegally enabled Port Arthur LNG to avoid emission control requirements.

Texas Observer

Oil, gas giants could pay climate damage and still profit: report

Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday.

Radio France Internationale

Exxon Mobil is drilling for lithium in Arkansas and expects to begin production by 2027

Exxon Mobil is drilling for lithium in Arkansas and expects to begin production of the critical material for electric vehicles by 2027

The Independent UK

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The world is awash in plastic. Oil producers want a say in how it's cleaned up

Groups connected to the fossil fuel industry are trying to shape an international treaty to cut plastic pollution. And oil- and gas-producing nations are at the negotiating table.

WEKU

McKinsey & Company pushes fossil fuel interests as advisor to UN climate talks, whistleblowers say

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources…

France 24

Report pokes holes in fuel company plans for net zero

An analysis of net-zero plans released by petrol companies have questioned their green claims, including their reliance on 'dirty' hydrogen and carbon offsets.

AAP

New Mexico’s Wild Hydrogen Days

State hydrogen projects promoted, killed; governor goes to Australian hydrogen conference with oil and gas reps.

Capital & Main

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Ignore Wall Street and Buy Chevron Stock on Guyana Growth Prospects

Chevron is buying Hess because of its crown jewel assets in the oil-producing powerhouse of Guyana, which could fuel longer-term growth in CVX for years to come.

Barchart

Fossil fuel firms spent millions on US lawmakers who sponsored anti-protest bills

About 60% of oil and gas operations protected from protest due to money spent on lobbying, says Greenpeace USA report

The Guardian - US

3 Mega-Cap Stocks To Buy Before They're Worth $1 Trillion

Meta Platforms, Berkshire Hathaway, and ExxonMobil could be among the next crop of mega-cap corporations to join the trillion-dollar club, alongside corporate heavyweights like Apple, Microsoft, and Nvidia.

Barchart

3 Energy Stock Picks for Steady Long-Term Momentum

The energy sector’s outlook looks bright amid rising oil prices fueled by constrained supplies and robust demand for crude oil and natural gas worldwide. Thus, Exxon Mobil (XOM), Shell (SHEL), and Imperial Petroleum (IMPP), with solid long-term momentum, could be ideal stock picks now. Keep reading….

StockNews.com

How oil companies put the responsibility for climate change on consumers

The political response to the climate crisis remains largely inadequate in the face of heat waves, hurricanes, floods and forest fires that are accelerating and intensifying.

The Conversation

Exxon reinforces support for fossil fuels with deal to buy shale giant for $60bn

Deal to buy Pioneer Natural Resources shows Exxon’s confidence that fossil fuel output will not be hampered in years to come

The Guardian - US

This Permian Basin Energy Stock Could Be the Next Big Oil Takeover Target

Large oil companies in the U.S. are making barrels of cash, and Exxon's bid to buy Pioneer could set off a flurry of similar acquisitions in the Permian Basin.

Barchart

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The Independent UK

Exxon oil executive faces sexual assault charge in Texas

David Scott, 49, who manages Exxon’s shale oil and gas production dealings, was arrested last Thursday at a budget hotel

Fortune

Meet the CFOs on Fortune’s list of the Most Powerful Women in Business

One hundred women leaders across industries earned a spot on the 2023 list, including several finance chiefs.

WEKU

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides

The administration's proposal seeks to strike a balance between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling.

The Independent UK

Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sides

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

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The Independent UK

ExxonMobil loses bid to truck millions of gallons of crude oil through central California

ExxonMobil has lost a court bid to truck millions of gallons of crude oil through central California — a crucial part of its efforts to restart offshore oil wells that were shut in 2015 after a pipeline leak caused the worst coastal spill in 25 years

The Guardian - UK

First Thing: ‘Defining moment’ as auto workers strike after talks fail with car giants

Deadline expires with sides still far apart on union’s contract priorities. Plus, Hunter Biden indicted on federal charges

The Independent UK

Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production

The government of Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production

StockNews.com

3 Energy Stocks With Strong Momentum Behind Them in September

Expectations of higher global demand and constrained supplies amid extended voluntary cuts by Saudi and Russia will likely put upward pressure on oil and gas prices, providing solid tailwinds for the energy sector. Hence, let’s take a look at quality energy stocks Exxon Mobil (XOM), Shell (SHEL), and Baker Hughes…

Barchart

Riding the Crude Oil Surge: An Option Play for Potential Profits as Prices Approach $90

In the dynamic world of energy markets, a seismic shift is underway. Crude oil, often regarded as the lifeblood of the global economy, has been making waves as it surges towards the $90 mark.

Capital & Main

Despite Setbacks, Activists Score Victories in Texas Fight Over Tax Breaks for Fossil Fuel Industry

Following watchdog's advice, senators shrink tax giveaway program for oil and gas.

The National (Scotland)

Around 100 Mossmorran workers withdraw labour over safety fears

HUNDREDS of workers at ExxonMobil’s petrochemical plant in Mossmorran have withdrawn their labour in a dispute over health and safety concerns,…

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Michelle Lujan Grisham

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