Reuters reports: The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp’s record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices and soaring demand, pushing their combined take to …
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Reuters reports: The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia’s invasion of Ukraine with buoyant earnings likely to roll through 2023. Flush with cash, BP Chevron, Exxon Mobil, Shell and TotalEnergies also delivered shareholders unprecedented returns …
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Bloomberg News reports: Exxon Mobil Corp. plans to prohibit the LGBTQ-rights flag from being flown on the corporate flagpole outside its offices during Pride month in June, prompting a furious backlash from Houston-based employees. Exxon updated company guidance on what flags can be displayed outside its offices, banning “external position flags” such as PRIDE and Black Lives Matter, according to …
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Courthouse News Service reports: One of the world’s biggest oil and gas companies appeared to be running on fumes Wednesday in its bid to avert liability for publicly downplaying both the risks of climate change and how its business contributes to global warming. The steady disintegration of the appeal began only moments into oral arguments at the Supreme Judicial Court …
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