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...Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...arguing it has the right of first refusal over Hess’s stake in the Guyanese development.On Monday, Exxon chief Darren Woods insisted the conflict would not undermine the companies’ ability to work together...
...Exxon has begun an arbitration process against Chevron over the latter’s $53bn deal for Hess, arguing it has the right of first refusal over Hess’s stake in the oil-rich Stabroek Block off the coast of Guyana...
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”....
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”. Read more here...
...Exxon did not immediately respond to a request for comment....
...Last year both companies notched their second-highest annual profits in a decade, with respective net income of $36bn for Exxon and $21.4bn at Chevron....
...Exxon is leading a fightback by the petrochemicals industry against UN plans to limit the production of plastics....
...Last year was Exxon’s second-most profitable on record, with profits of $36bn, only behind 2022....
...Equatorial Guinea wanted a foreign company to take over the assets from Exxon and has been wooing international oil companies including Eni, the Italian producer, and several Nigerian companies, according...
...Hess would then revert to a standalone company, albeit without an embedded takeover premium owing to the confirmed Exxon overhang....
...But Woods said on Monday that the company had no interest in acquiring Hess itself....
...The outlook for a deal warrants scepticism for a few straightforward reasons, argues CreditSights: 1) Regulators may not be eager for a tie-up of two companies with overlapping presences: Optimum Cable,...
...Follow This, backed by thousands of small investors, has used shareholdings in oil and gas companies to file climate resolutions at oil companies in Europe and the US for years....
...., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...Kathryn Mikells told the Financial Times that Exxon’s operations had not been disrupted by the escalating tensions in the Middle East, including retaliatory strikes between Israel and Iran, but the company...
Industry faces 2039 deadline on the dirtiest energy source but existing gas plants escape present standards
...Any company in our position would do the same thing.”...
...Chevron, the second-biggest US oil company, has been “engaged in discussions” with Exxon and Cnooc — joint owners of the Stabroek Block project — “regarding a right of first refusal provision in the joint...
...In 2021 Exxon was defeated in a shareholder rebellion from activist hedge fund Engine No. 1, which despite a tiny stake in the company won three seats on the board with a demand that it make more serious...
...He’s the co-founder of Time Doctor, a software company that allows employers to monitor their employees. She works for Tech8 USA, which manufactures gadgets known as mouse movers....
...Companies rarely go to court to block shareholder motions, and Exxon’s case marks the first time it has done so....
...Follow This has repeatedly tried to use its tiny holding as a lever to force Exxon to expand pledges to cut greenhouse gas emissions. This year the oil company has had enough....
...The excess supply led to a 60-per-cent slide in the price of lithium and drove bankruptcies of companies including Alita and Nemaska in Australia and Canada, respectively....
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