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Oil turbulence could last five years, ExxonMobil boss warns
Oil turbulence could last five years, ExxonMobil boss warns Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic. Energy markets have been roiled by the Ukraine war as Russia has reduced some exports and faced sanctions while Europe […]
Exxon Mounts Feeble Walkback After Lobbyist Caught on Camera Telling Truth About Anti-Climate Agenda
Exxon Mounts Feeble Walkback After Lobbyist Caught on Camera Telling Truth About Anti-Climate Agenda The oil giant would like you to know that statements from its “Senior Director for Federal Relations” in no way represent its position on federal climate policy One of ExxonMobil’s top lobbyists has been caught on camera revealing what many critics […]
ExxonMobil wants you to feel responsible for climate change so it doesn’t have to
ExxonMobil wants you to feel responsible for climate change so it doesn’t have to A new study reveals how the oil company used “cutting-edge propaganda” to focus on fossil fuel consumption. Andrii Zorii To understand why ExxonMobil has been so effective at shaping the US narrative about climate change in the US for some 40 […]
Exxon Dumps Tar Sands/Oil Sands Holdings, Slashes Estimate of Recoverable Reserve
EXXON DUMPS TAR SANDS/OIL SANDS HOLDINGS, SLASHES ESTIMATE OF RECOVERABLE RESERVES Greenpeace / Jiri Rezac Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its inventory, in what Bloomberg News […]
THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered
THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered ExxonMobil, the largest oil company in the U.S. and a direct descendant of John D. Rockefeller’s Standard Oil, days are numbered. The once-great profitable oil giant is now borrowing money just to pay dividends. How long can this charade go on? Good question. Now, […]
Big Oil Needs to Pay for the Damage It Caused
Big Oil Needs to Pay for the Damage It Caused Environmental activists rally for accountability for fossil fuel companies outside of New York Supreme Court on October 22, 2019, in New York City. New York’s attorney general, Letitia James, is taking on ExxonMobil in a landmark case that accuses the oil corporation of misleading investors […]
TROUBLE AT MIGHTY EXXONMOBIL: Record Number Of Shale Wells While Permian Oil Production Remains Flat
TROUBLE AT MIGHTY EXXONMOBIL: Record Number Of Shale Wells While Permian Oil Production Remains Flat There’s trouble brewing in the U.S. largest oil company while most investors remain in the dark. ExxonMobil added a record number of wells in the Permian during the first three quarters of 2019, only to see the company’s oil production […]
Massachusetts Sues ExxonMobil For Climate Disinformation, Greenwashing
Massachusetts Sues ExxonMobil For Climate Disinformation, Greenwashing Massachusetts filed a lawsuit against ExxonMobil today over the company’s misinformation campaign to delay action to address climate change. Attorney General Maura Healey told reporters in a press conference today that “Exxon has fought us every step of the way,” and was “completely uncooperative,” noting that the company failed to comply […]
ExxonMobil Looks To Exit UK North Sea Oil & Gas
ExxonMobil Looks To Exit UK North Sea Oil & Gas ExxonMobil has recently discussed with operators selling part or all of its assets in the UK North Sea in a move that could raise up to US$2 billion for Exxon and mark another major U.S. exit from the area, Reuters reported on Tuesday, quoting three industry sources […]
Climate Change was No Accident
Climate Change was No Accident Years ago, tobacco companies discovered the link between their products and lung cancer. Did they warn their customers? No — they denied the link entirely, misleading the public for decades while killing their customers. Similarly, ExxonMobil scientists made startlingly accurate predictionsabout climate change as early as 1982 — and then spent millions […]
LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil
LOUSY SHALE ECONOMICS: Financial Troubles Continue At ExxonMobil After reporting lower than expected earnings, ExxonMobil’s stock price sold off on Friday. The company blamed poor performance on reduced production volumes and a weaker oil price. However, the real culprit will turn out to be Exxon’s big move into the Great U.S. Shale Oil Ponzi Scheme. […]
‘They Have Lied for Decades’: European Parliament To Scrutinise Exxon’s Climate Science Denial
‘They Have Lied for Decades’: European Parliament To Scrutinise Exxon’s Climate Science Denial With millions of students taking to the streets and oil majors increasingly facing litigation, the fossil fuel industry is finally being held to account for its contribution to the climate crisis. This week, the EU is taking this accountability up a notch, with ExxonMobil’s decades-long denial of climate […]
Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different?
Fracking 2.0 Was a Financial Disaster, Will Fracking 3.0 Be Different? Two years ago, the U.S. fracking industry was trying to recover from the crash in the price of oil. Shale companies were promoting the idea that fracking was viable even at low oil prices (despite losing money when oil prices were high). At the time, no one was […]
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy in 2009, a […]
Supreme Court Blocks ExxonMobil’s Effort to Conceal Decades of Documents in Probe of Oil Giant’s Climate Deception
Supreme Court Blocks ExxonMobil’s Effort to Conceal Decades of Documents in Probe of Oil Giant’s Climate Deception The high court’s ruling means the company must hand over records to the Massachusetts attorney general for her ongoing investigation In a win for climate campaigners and Massachusetts’ Democratic Attorney General Maura Healey on Monday, the U.S.Supreme Court rejected […]
