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The Latest Breaking News from ExxonMobil

Lower Profits At US Oil Giants Still Mighty Enough For Big Investor Payouts

ExxonMobil and Chevron reported lower but still strong profits Friday as they push ahead with hefty shareholder payouts and major acquisitions.

International Business Times

ExxonMobil blocks green activists’ attempt to seek strategy vote

Climate group drops petition for shareholder vote on targets following oil company’s court complaint

The Guardian - UK

Moves for Investors Ahead of XOM and CVX Earnings Reports

Energy giants Chevron (CVX) and Exxon Mobil (XOM) are scheduled to release their fourth-quarter financials on February 2. We assess the two energy giants’ fundamentals to determine how investors should position themselves before their numbers are reported. Read on….

StockNews.com

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BP under pressure from hedge fund to ditch clean energy strategy

Bluebell Capital Partners says strategy has depressed share price and is ‘unrealistic’ about decline in oil and gas demand

The Guardian - UK

First Thing: Trump-Biden rematch increasingly inevitable after New Hampshire primary

Trump edges closer to Republican nomination, but Haley says ‘this race is far from over’. Plus, nuclear power output expected to break records in 2025

The Guardian - UK

ExxonMobil’s attempt to silence activist investors should be a warning to shareholders

The US oil company is off to court to try to block a green activist motion aimed at accelerating the company’s attempts to cut emissions

The Guardian - UK

US oil company ExxonMobil sues to block investors’ climate proposals

Motion by Follow This called on energy firm to accelerate attempts to cut greenhouse gas emissions

The Guardian - UK

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Big five oil companies to reward shareholders with record payouts

BP, Shell, Chevron, ExxonMobil and TotalEnergies to distribute more than $100bn despite public outrage

The Guardian - UK

Venezuela, Guyana Agree Not To 'Use Force' To Settle Land Dispute

Venezuela's Nicolas Maduro and Guyana's Irfaan Ali shook hands after a two-hour meeting on the Caribbean island nation of Saint Vincent and the Grenadines.

Latin Times

Venezuela, Guyana Leaders Meet To 'De-escalate' Tensions

The presidents of Venezuela and Guyana met Thursday in the Caribbean for talks that analysts said could "de-escalate" tensions but would do little to resolve their countries' long-standing -- and now reheating -- territorial dispute.

International Business Times

ExxonMobil says it will stay in Guyana for the long term despite territorial dispute with Venezuela

Oil giant ExxonMobil says it will keep ramping up production in offshore Guyana despite the escalation of a territorial dispute with neighboring Venezuela, which claims that oil-rich region as its own

The Independent UK

Making oil is more profitable than saving the planet. These numbers tell the story

Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.

WEKU

Revealed: more than 160 representatives with climate-denying track records got Cop28 access

UN organizers allow groups that have obstructed fossil fuel regulations and other climate action to attend, watchdog finds

The Guardian - US

Revealed: over 160 representatives with climate-denying track records got Cop28 access

UN organizers allow groups that have obstructed fossil fuel regulations and other climate action to attend, watchdog finds

The Guardian - US

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The Guardian - UK

The Observer view: Maduro’s land grab in Guyana is a cynical ploy to hang on to power in Venezuela

The Independent UK

Tensions are soaring between Guyana and Venezuela over century-old territorial dispute

A century-old territorial dispute is boiling over between neighbors Guyana and Venezuela

International Business Times

Oil At The Root Of Guyana-Venezuela Border Row

The discovery of vast oil deposits is blamed for reigniting a decades-old territorial dispute between Venezuela and Guyana that fast worsened as Guyana started granting licenses to multinationals to exploit crude in waters claimed by both countries.

Fortune

‘Greedflation’ study finds many companies were lying to you about inflation

Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.

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Latin Times

Calls Mount For Calm As Guyana-Venezuela Border Tensions Soar

The United States, through National Security Council spokesman John Kirby, urged the sides to find a diplomatic solution to the territorial dispute, saying "we don't want to see this come to blows."

International Business Times

Chevron, Exxon Responses Diverge Amid Venezuela-Guyana Border Buildup

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

International Business Times

Venezuela-Guyana Tensions Soar, US Mounts Military Exercises

The United States announced joint military flight drills in Guyana on Thursday as soaring tensions over a contested oil-rich region with neighbor Venezuela prompted the UN Security Council to call an urgent meeting.

Latin Times

Guyana Army Helicopter Missing Near Tense Border With Venezuela

The long-running dispute over Essequibo, which comprises some two-thirds of Guyanese territory, has intensified since ExxonMobil discovered oil there in 2015.

The Guardian - UK

Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows

Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

The Independent UK

Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Security filings show the Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades

International Business Times

US Antitrust Regulators Probe ExxonMobil's Pioneer Deal

US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for about $60 billion, according to a securities filing Tuesday.

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