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...The world’s largest sovereign wealth fund has sharply criticised ExxonMobil’s decision to sue two shareholders that filed a climate proposal at the US oil major, pursuing the litigation even after they dropped...
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...ExxonMobil and Chevron reported double-digit falls in first-quarter profits on Friday in a sign that two years of bumper earnings driven by Russia’s full-scale invasion of Ukraine in 2022 may be coming to...
...“Now that we have withdrawn, the company has no reason to continue the lawsuit.”...
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...Any company in our position would do the same thing.”...
...between companies and environmental activists....
...Surging US oil production has helped ExxonMobil and Chevron notch their second-biggest annual profits in a decade despite a slide in prices that tempered earnings from the records hit in 2022....
...“With this remarkable step, ExxonMobil clearly wants to prevent shareholders using their rights,” responds Mark van Baal of Follow This....
...Investors have withdrawn a climate resolution at ExxonMobil after the oil supermajor sued them, in a retreat likely to have a chilling effect on similar forms of shareholder activism....
...This year the oil company has had enough....
...Karen McKee, the head of product solutions for ExxonMobil, one of the world’s largest producers of plastic, told the Financial Times: “The issue is pollution. The issue is not plastic.”...
...ExxonMobil is one of the world’s largest oil and gas companies. It has invested more than €20bn in Europe over the past ten years....
...The company, which made record profits in 2022 on surging prices following Russia’s invasion of Ukraine, is betting that strong oil demand will continue for decades....
...ExxonMobil plans to drive up capital spending over the next four years, increasing oil and gas production and raising outlays for its low-carbon energy division after a period of self-imposed austerity following...
...ExxonMobil has agreed to join the UN’s flagship methane emissions reporting programme as it seeks to present a more transparent image after years of resisting external monitoring of its approach to climate...
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday as it reported profits that fell short of Wall Street expectations....
...ExxonMobil’s chief executive collected a pay packet last year worth almost four times that of bosses at rivals BP and Shell, underlining the vast disparity between European and US remuneration in the booming...
...If it purchased Pioneer, it would be the company’s biggest acquisition since it bought Mobil in 1998 for $81bn. Neither company has commented on the speculation....
...companies.”...
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday, as it and rival Chevron reported profits that fell short of Wall Street expectations...
...ExxonMobil is buying it for about $64.5bn including debt, or $253 a share....
...The company’s assets will be transferred to GEPetrol, the national oil company....
...Senior ExxonMobil executive Karen McKee said in an interview that the US oil major had $20bn set aside for decarbonisation projects between 2022 and 2027, but that it was likely to prioritise “other parts...
...The rivalry between ExxonMobil and Chevron has plumbed a new depth. On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
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