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...Ingosstrakh said it maintains higher standards on vetting clients than many rivals....
...These are small numbers by Opec standards, but Exxon’s production was a significant proportion of Equatorial Guinea’s total output of 52,000 b/d....
...“We believe the weakening of corporate governance standards is more likely to lower the reputation of these markets over time,” she said....
...Just as with any other area of corporate law, it will be up to the courts to apply a reasonable standard of expected behaviour....
...“All ExxonMobil employees, officers and directors are accountable for observing the highest standards of integrity and code of conduct in support of the company’s business and otherwise,” the statement added...
...Follow This then thought right, well, we definitely can’t afford to fight this suit with Exxon. We withdraw the shareholder resolution. But Exxon then interestingly said, OK, fine, you can do that....
...[MUSIC PLAYING] Sources told the FT that Standard Chartered is shortlisting Sajid Javid to be its next chair. It’s one of the most senior jobs in the British banking sector....
...A 1978 Exxon memo summarised the scientific consensus as “man has a time window of five to 10 years” before tough decisions about energy strategies were critical....
...And the big oil majors (Exxon, Conoco, Chevron) don’t look very cheap relative to the profit and revenue growth the street expects right now....
...Ngozi Okonjo-Iweala, WTO director-general, said the projected slowdown was “cause for concern, because of the adverse implications for the living standards of people around the world”....
...The Canadian province of British Columbia in December published new, stricter low-carbon fuel standards that will hit the aviation sector....
...You can go to FT.com/briefingsale to get half off a standard digital subscription. Again, that’s FT.com/briefingsale. We’ll have a link to that in the show notes....
...Ultimately, Exxon may have amounted to a pyrrhic victory given the expectations that followed it....
...And the IEA — once viewed as the gold standard in oil forecasting — has been turned on by many devout believers in the sector....
...The GRI’s focus on double materiality dates to its creation in 1997, on the back of the prolonged outcry over the Exxon Valdez oil spill....
...Contacted for comment, the EU Commission said the reporting standards would serve as a “key tool to combat greenwashing”....
...But less obviously, the top 20 list also includes the likes of General Motors, General Electric, Exxon and Chevron....
...The warning still puts Exxon on track for one of its most profitable quarters on record....
...In the US, the Financial Accounting Standards Board has made efforts to close this loophole, requiring scores of American companies to disclose their supply chain finance programmes for the first time in...
...Exxon’s is closer to 26 per cent....
...UK equities are cheap by international standards. When Shell considered a possible move, its valuation gap with its US-quoted rivals must have been a significant consideration....
...“We are relying on a hodgepodge of voluntary codes, voluntary standards, and the markets,” says Kyte at Tufts....
...Exxon’s market valuation has now overtaken that of Meta (or if you are old like me you might still call it Facebook)....
...But Exxon has a distinctly superior long-term financial record. The UK has few listed technology companies, but one example is accounting software company Sage, on 30 times earnings....
...When Exxon initially rejected this, the firm advised on the proxy battle that secured three seats on Exxon’s board in 2021....
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