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ExxonMobil

  • Friday, 2 August, 2024
    Oil & Gas industry
    ExxonMobil and Chevron deepen rift over lucrative Guyana project

    Delay of arbitration hearing until next year exacerbates tensions between leading US oil companies

    A pipe leads from a ship to anartificial island
  • Tuesday, 25 June, 2024
    The Big Read
    The giant Exxon project that could create the world’s last petrostate

    But critics fear the oil bonanza will turn Guyana into a victim of the ‘resources curse’

    Montage image of Exxon’s logo, barrels of oil, production equipment and bar charts
  • Monday, 24 June, 2024
    Goldman Sachs
    Goldman names Hess chief to its board as it guides oil company sale

    Wall Street bank stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge

    John Hess
  • Tuesday, 18 June, 2024
    US judge ends Exxon lawsuit against shareholder over climate activism

    A divisive case over climate change and shareholder rights winds down after shareholder agrees to drop effort

    Darren Woods
  • Wednesday, 29 May, 2024
    Exxon prevails over dissident shareholders in board battle

    Oil major’s slate of directors gains wide approval despite activist-led revolt over greenhouse gas emissions

    Exxon chief executive Darren Woods
  • Wednesday, 29 May, 2024
    Disrupted Times
    Megadeals reshape the US oil industry

    Also in this newsletter: BHP’s £39bn pursuit of Anglo American collapses, German workers in largest real-terms pay rise since 2008, orange juice producers feel the squeeze

    An oil rig in Texas in front of a sunset
  • Wednesday, 29 May, 2024
    Due Diligence
    The Exxon problem plaguing Chevron’s Hess takeover Premium content

    Plus, Musk reveals AI fundraising after all

    Due diligence logo
  • Tuesday, 28 May, 2024
    Energy sector
    Ex-Pioneer CEO says he was ‘scapegoated’ in Opec collusion case

    Scott Sheffield slams ‘personal attack’ by US regulators who barred him from Exxon’s board

    Scott Sheffield
  • Tuesday, 28 May, 2024
    Lex
    ExxonMobil’s scorched earth lawfare is tempting fate Premium content

    Taking Arjuna Capital to court has prompted an even bigger shareholder revolt

    a pumpjack
  • Tuesday, 28 May, 2024
    Energy Source
    Exxon vs Calpers: Inside the clash over shareholder rights and fiduciary duty Premium content

    In today’s newsletter, we give both sides a chance to have a say in the debate

    ExxonMobil sign
  • Tuesday, 28 May, 2024
    Exxon chief lashes out at Calpers for stoking shareholder revolt

    Pension fund accuses oil major of ‘anti-speech effort’ in suing climate-focused shareholders

    Darren Woods
  • Monday, 27 May, 2024
    Oil & Gas industry
    Guyana’s president welcomes Chevron’s bid to buy into $150bn oil project

    US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved 

    Irfaan Ali giving a speech
  • Friday, 24 May, 2024
    Norway’s oil fund to vote against ExxonMobil in clash over shareholder rights

    Sovereign wealth fund to oppose re-election of energy company’s lead director

    An Exxon refinery
  • Monday, 20 May, 2024
    Calpers to vote against Exxon board and CEO over ‘reckless’ lawsuit

    Oil major is persisting with legal action against activists even after their emissions cutting resolution was dropped

    California Public EmployeesÍ Retirement System (CalPERS) offices, in Sacramento, California
  • Monday, 13 May, 2024
    Chevron Corp
    Blow to $53bn Chevron-Hess deal as investors advised to abstain

    Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISS

    Chevron and Hess logos
  • Friday, 10 May, 2024
    US pension giant weighs vote against Exxon CEO over climate lawsuit

    Calpers concerned oil supermajor is seeking to muzzle activist shareholders

    Darren Woods, chief executive and chair of ExxonMobil
  • Friday, 3 May, 2024
    Oil & Gas industry
    Opec collusion claim sends tremor through US shale oil patch

    CEOs weighing mergers may think twice after US regulator bars industry veteran from Exxon’s board

    Pump jacks
  • Thursday, 2 May, 2024
    Pioneer Natural Resources Co
    FTC accuses ex-Pioneer boss of seeking to collude with Opec

    ExxonMobil agrees to bar Scott Sheffield from board after federal regulator’s allegations

    Scott Sheffield, former chief executive of Pioneer Natural Resources
  • Sunday, 28 April, 2024
    Turkey
    Turkey in talks with ExxonMobil over multibillion-dollar LNG deal

    Ankara wants ‘new supply portfolio’ to make it less reliant on a single source, minister says

    A liquefied natural gas terminal in Tekirdağ, Turkey
  • Friday, 26 April, 2024
    Oil & Gas industry
    Exxon and Chevron profits dragged down by weaker natural gas prices

    Quarterly results signal pullback from bumper earnings in past two years

    A sign marks the entrance to an ExxonMobil fuel storage and distribution facility in Irving, Texas
  • Monday, 22 April, 2024
    Climate change
    Exxon leads industry fight against UN plans to limit plastic

    Petrochemical companies oppose global agreement that would cut production to curb pollution

    Plastic waste piles up on the bank of the Buriganga River in Dhaka, Bangladesh on April 21.
  • Thursday, 11 April, 2024
    Exxon chief earns four times as much as bosses at Shell and BP

    The $40mn pay packet for Darren Woods comes amid debate in London about transatlantic valuation gap

    Darren Woods, ExxonMobil chief executive
  • Tuesday, 19 March, 2024
    Energy Source
    Exxon’s exit marks reversal of fortune for Equatorial Guinea Premium content

    The tiny central African country was once a hotbed of promise

    The ExxonMobil logo
  • Monday, 18 March, 2024
    Interview
    Exxon chief says Guyana clash will not hurt relationship with Chevron

    Darren Woods explains ‘business is business’ as US supermajor pursues case that threatens $53bn Hess deal

    Darren Woods
  • Wednesday, 6 March, 2024
    Oil & Gas industry
    ExxonMobil seeks arbitration over Guyana oil find in Chevron’s sights

    Top US supermajor says it wants to protect rights to 30% Hess stake in valuable offshore field

    A ship creates an artificial island by extracting offshore sand to create a coastal port for offshore oil production at the mouth of the Demerara River in Georgetown, Guyana
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