Exxon-Chevron Tie-Up Not as Crazy as It Sounds
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DJ Says Exxon and Chevron Discussed Merger
The chief executive officers of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two largest U.S. oil companies, Dow Jones reported, citing people familiar with the Continue Reading
Exxon’s New Carbon Capture Plan Looks a Lot Like Its Old One
Exxon Mobil Corp. pledged to spend $3 billion on low-emission technologies through 2025 to address investor concerns over its environmental record, unveiling a plan that comprises several projects that have Continue Reading
Exxon, Chevron CEOs Discussed Merger
The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp. CVX -4.29% spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what Continue Reading
Exxon Planning Board, Other Changes Amid Activist Pressure
Exxon Mobil Corp. XOM -1.13% is preparing to make changes to its board and adopt further measures to reduce its carbon footprint as the beleaguered energy giant faces pressure from a pair of activist investors. The Continue Reading
Exxon considers capex cuts and board shake-up
ExxonMobil is considering further cuts to capital expenditure, changes to its board and more investment in sustainable technologies after it held talks with activist investors engaged in a proxy battle Continue Reading
The Activist Investor Transforming America’s Largest Oil Company
Engine No. 1, the new activist investor firm seeking long-term policy changes at Exxon, said on Wednesday it had formally nominated four independent director candidates to the supermajor’s board, continuing Continue Reading
Exxon Reveals Petroleum Product Emissions Data for First Time
Exxon Mobil Corp. disclosed emissions data on customers’ use of its fuels and other products for the first time after coming under pressure from investors. The oil giant’s so-called Scope 3 Continue Reading
Exxon Set For Fourth Loss In 2020 After $20-Billion Write-Down
ExxonMobil is on track to book another quarterly loss this year—its fourth consecutive loss in 2020—announcing that it expects to book a massive up to $20-billion write-down for Q4, the Continue Reading
Exxon and the Oil Giants Face the Carbon Future
This is a big story about what Exxon Mobil knows. But it’s also about what Exxon—and its peers in the oil industry as a whole—want investors, decision makers and the Continue Reading