Category: Exxon Mobil Corp

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.
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.
Wages and Hiring Weigh on Minds of Company Executives

Some executives said they were not expanding their payrolls as quickly as they had, while others were more concerned about wage growth, which has remained robust.
Exxon Reports Leaner Earnings in Second Quarter

The company’s record profit a year earlier was driven by a surge in oil prices after Russia’s invasion of Ukraine.
Markets Rise as Debt Ceiling Deal Moves to the Senate

Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.
Reassessing Engine No. 1’s Fight Against Exxon Mobil

As investors press Exxon Mobil on climate issues, activists say that a hedge fund’s eco-focused victory over the oil giant two years ago has achieved little.
Climate Shareholder Activists Rethink Their Fight Amid Setbacks

Climate-focused shareholder activists have scored only a few victories in their efforts to push oil giants to adopt cleaner business strategies.
Investors See Hope for a Debt Limit Deal

Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.
JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors

Revelations about rivals’ plans may prompt the bank’s shareholders to ask about who will replace Jamie Dimon at an annual investor gathering on Monday.
First Republic Struggles to Find a Deal as Biden Officials Weigh a Response

The troubled lender is working on a lifeline, but time is running out.
Exxon and Chevron Report More Modest Profits as Oil Prices Ease

The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.
What Bank Earnings Reveal About the Health of the Economy

JPMorgan Chase and Wells Fargo reported solid earnings on Friday, but big questions remain about the sector’s health and a potential recession.