The Latest Breaking News from ExxonMobil

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

Political spending by corporations is big business.

Energy ministry says it has requisitioned staff at a depot in Normandy as showdown with CGT union escalates.

Union vows to fight government in court as workers at ExxonMobil and TotalEnergies demand pay rise and share of profits

Striking French oil refinery employees voted Wednesday to maintain blockades now in their third week, despite a government order for some of them to return to work in a bid to get fuel supplies flowing.

French Prime Minister Elisabeth Borne has announced a decision to requisition workers operating petrol depots of the ExxonMobil’s French branch Esso and threatened to do the same for those of Total group, amid strikes that have led fuel pumps to run dry in the country

The country’s total refinery output has been reduced by more than 60% over the past two weeks

TotalEnergies on Sunday offered to bring forward wage talks, in response to union demands, as it sought to end a strike that has disrupted supplies to almost a third of French petrol stations and led the government to tap strategic reserves.

While higher price realizations and significant market demand should bode well for energy companies, including Exxon Mobil (XOM) and Marathon Petroleum (MPC), we think MPC is better positioned to capitalize on the industry tailwinds given its solid fundamentals and growth attributes. Read on to learn more….