The complaint, filed in a U.S. District Court in Texas, said a proposal by activist investors calling for the oil giant to cut emissions faster would not create shareholder value.
Category: Exxon Mobil Corp
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2024 M&A Outlook After a Rough Year for Deal Makers
Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.
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Tensions Rise at the COP28 Climate Summit
Dismissive comments by the president of the climate gathering raise questions about the host country’s commitment to addressing rising global temperatures.
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In a Warming World, Clean Energy Stocks Fall While Oil Prospers
The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
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Stocks and Bonds Have Taken Losses. Invest in Them Anyway.
Most people have lost money in the markets over the last several months, but people who have held on have prospered, our columnist says.
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Exxon Mobil Reportedly Nears a Deal for Pioneer, a Shale Giant
Exxon Mobil is reportedly in talks to buy Pioneer Natural Resources, a major shale driller, in what would be the biggest takeover of the year.
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California Sues Oil Giants, Claiming Decades of Deception
Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.