Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector’s Q2 2021 revenue growth rate of 24.9% came in […]
ExxonMobil has announced estimated second-quarter 2021 earnings of $4.7 billion, or $1.10 per share assuming dilution, compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the […]
Companies with histories of environmental abuses and alleged labor violations, backed by private equity and with ties to foreign governments, stand to profit from North Sea oil and gas, new data shows. Campaigners say the […]
ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 021, which it aims to increase by 40,000 boe/d in Q3 through continued operating efficiencies, the company said July 30. Jack Williams, […]
Clay Sell was drifting off to sleep at home in Dallas when the phone rang. It was Alexander “Andy” Karsner, who reported to Sell at the Energy Department during President George W. Bush’s administration and […]
One of the newest faces at Exxon Mobil Corp., Kaisa Hietala, wants to make sure she’s not misunderstood as she’s propelled to sudden fame in a battle between climate activists and the oil industry. The 50-year-old […]
Exxon announced Wednesday that a third new member has been appointed to the company’s board, following a week of vote counting after the company was caught by surprise by a shareholder insurrection last week led by activist investor Engine […]
Exxon Mobil Corp. activist investor Engine No. 1 expanded its presence on the oil giant’s board to three seats, according to preliminary vote tallies, cementing a victory that has reverberated across the energy industry. The initial […]
It was a stunning moment for Exxon Mobil Corp. and the wider corporate world: a tiny activist fund had succeeded in changing the company’s board. But in the hours leading up to this week’s annual shareholders meeting, Exxon went […]
Dissident shareholders of ExxonMobil have won two seats on the company’s board of directors. The election “will likely force it to alter its fossil-fuel focused strategy and more directly confront growing shareholder concerns about climate change,” according […]
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