WASHINGTON, July 26 (Reuters) - Iraq's Prime Minister Mustafa al-Kadhimi said on Monday he wants another American company to replace Exxon Mobil Corp (XOM.N) when it exits Iraq. Exxon, which in 2019 had looked poised to move ahead with a $53 billion project to boost Iraq's oil output, has been seeking to sell its 32.7% stake in one of Iraq's biggest oilfields, West Qurna 1.
(New throughout, adds details, quotes) By Jessica Resnick-Ault, Sabrina Valle and Devika Krishna Kumar July 19 (Reuters) - Exxon Mobil Corp's new chief financial officer Kathyrn Mikells is the first woman and external hire to join the oil major's management committee, as energy firms search to diversify their workforce in response to investor pressure.
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A vacant Las Colinas block that has been up for sale since last year may be the site of a new apartment community. Exxon Mobil Corp. decided to sell five blocks of surplus land surrounding its Irving headquarters in early 2020. Commercial property firm JLL has been marketing the properties, which are near State Highway 114 in Las Colinas.
Firms eyeing long-term energy transition challenge Investors remain focused on near-term returns Spending could rise next year if oil recovery continues LONDON, July 12 (Reuters) - Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said.
The Independent’s journalism is supported by our readers. When you purchase through links on our site, we may earn commission. ‘I’m so glad the filibuster is here to fix this, oh wait,’ says Democrat of climate failures Heavy rain floods New York subway station as Storm Elsa nears
Climate activists protest on the first day of the Exxon Mobil trial outside the New York State Supreme Court building on October 22, 2019 in New York City. - Charges that Exxon Mobil misled investors on the financial risks of climate change will be heard in court after a New York judge gave the green light for a trial.
Exxon Mobil is on the defensive after a lobbyist's description of the energy giant's activities, captured on covertly recorded video, created a public uproar and drew condemnation from lawmakers. Video clips released by Greenpeace U.K. last week show a gaping chasm between the oil giant's stated support for reducing the use of fossil fuels and its lobbyist's private statements about the company's efforts to water down climate-change legislation.
LONDON, July 5 (Reuters) - HydrogenOne Capital Growth plc said on Monday it plans to list on the London Stock Exchange to raise 250 million pounds ($345.85 million) for investing in clean hydrogen projects. HydrogenOne Capital was launched by JJ Traynor, a former Royal Dutch Shell executive, and Richard Hulf, who has worked at Exxon Mobil and been an energy fund manager at Artemis.
A recently leaked draft report written by some of the world’s top climate scientists blamed disinformation and lobbying campaigns — including by Exxon Mobil — for undermining government efforts to reduce greenhouse gas emissions and increasing the dangers of global warming to society. The draft report, which has been reviewed by POLITICO and other news organizations in recent days, is part of an upcoming review of climate science by the Intergovernmental Panel on Climate Change, a body that brings together scientists from around the globe to examine the state of climate research.
Environmental groups weigh in on whether they get the same sort of treatment. Exxon Mobil says it has regular access to Sen. Joe Manchin (D-W.Va.) and his staff, according to leaked comments by a senior lobbyist for the oil giant. The remarks came from Keith McCoy, Exxon’s senior director of federal relations in Washington.
Now, a wave of activism is forcing them to pay closer attention. What's happening: Shareholders approved a record number of resolutions in 2021 on issues related to climate and social topics such as diversity — signaling they increasingly view inaction on these fronts as a major financial risk.
By Jessica Resnick-Ault, Arathy S Nair and Shariq Khan July 1 (Reuters) - Royal Dutch Shell Plc plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp, four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp and its stake in a Houston-area refining joint venture to Petroleos Mexicanos as it shifts new investments to renewables and power.
Undercover investigation reveals ExxonMobil ‘working with’ Democrats to kneecap Biden’s infrastructure bill
The DC lobbyist says that Exxon is talking with Senator Joe Manchin’s office ‘every week’ ExxonMobil is working to kneecap President Joe Biden’s landmark initiative to tackle the climate crisis, according to company executives captured on camera in an undercover investigation. Over Zoom calls, Keith McCoy, a senior lobbyist for the oil giant, told an undercover reporter with Greenpeace that it is using key Democrats to achieve its goal of weakening the president’s American Jobs Plan, the faltering $973bn bipartisan package which faces a rocky road in Congress.
June 30 (Reuters) - Oil major Exxon Mobil Corp said on Wednesday it would sell its Santoprene business, which makes elastic polymers used in automotive, industrial and consumer products, to chemical maker Celanese Corp for $1.15 billion. The deal comes as Exxon is looking to improve profit and slash debt by culling lower margin operations.
Clean energy is the future – so why are some investors still supporting the dying fossil fuel economy?
Institutional forces continue to prop up the fossil fuel economy, while both the market and public opinion are leaving it behind. This is as foolish as it is dangerous, writes Tom Steyer As far as climate action goes, May 2021 was a big deal. The trend towards clean energy and away from fossil fuels exploded.
App Clips are miniature versions of apps that often forgo the need to install the full app or create an account in order to do something, especially if that "something" involves a payment. This was actually my second App Clip encounter in a week. I had just scanned an Exxon Mobil QR code to pay for gas instead of dipping my credit card into the slot at the pump.
LONDON, June 22 (Reuters) - Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. "There is quite a chance to reach $100 but we could see again in the coming years some lows as we have been accustomed to volatility," TotalEnergies Chief Executive Patrick Pouyanne said at the Qatar Economic Forum.
BEIJING, June 22 (Reuters) - Dutch oil storage firm Vopak (VOPA.AS) won a contract for storage and services of a liquid products terminal as part of Exxon Mobil (XOM.N)'s planned Huizhou chemical complex project in southern China. Located in Huizhou city in Guangdong, approximately 100 km (62 miles) from Hong Kong, the terminal will have storage capacity of 560,000 cubic metres, Vopak said in a statement on Tuesday.
NEW YORK, June 15 (Reuters Breakingviews) - The drumbeat to overturn Donald Trump-era rules that favored corporate America has started. High equity prices, which typically keep investors silent, are small solace for the country’s biggest chieftains. On Tuesday a group of investors sued the U.S. Securities and Exchange Commission over changes that make it harder for individual investors to call for corporate reforms read more .