Exxon to Take Record Writedown, Slash Spending
The "high-grading" of Exxon's asset base will enable it to "manage future commodity price cycles while working to maintain a reliable dividend."
Exxon Posts $610M Loss Amid Oil Price Dive
“COVID-19 has significantly impacted near-term demand, resulting in oversupplied markets and unprecedented pressure on commodity prices and margins."
Credit Quality: Downgrades Keep Coming
While all eyes are on the equity markets, credit is the lifeblood of corporations. Which companies are facing headwinds?
Exxon Cleared in Landmark Climate Change Trial
A judge rejected New York state claims that Exxon misled investors about the potential costs of future climate regulations.
Exxon Mobil Profits Dip on Natural-Gas Glut
Lower prices due to abundant supply helped drive Exxon's natural-gas profits down by about half.
New York A.G. Sues Exxon Over Misstating Climate Risks
The suit alleges the oil giant did not adequately address the costs of climate regulations.
Is Sustainability Fading from Board Agendas?
If news events in 2017 swayed directors to more highly value sustainability disclosures, the effect has apparently worn off in 2018, a study suggests.
Proposals to Separate Joint CEO-Board Chair Roles Go Nowhere
Each year dozens of shareholder proposals seek to quash potential conflicts of interest by calling for an independent chair. But they hardly ever pass.
Exxon Shares Drop 3.7% on Another Profit Miss
In the first quarter, the benefits of higher oil prices were offset by weakness in Exxon's chemicals and refining businesses.
Exxon Settles Air Pollution Case for $303M
The settlement requires Exxon to spend $300 million on plant upgrades but activists call the $2.5 million fine "a slap on the wrist."
$2B Asset Writedown Hits Exxon’s Q4 Earnings
"Financial results for the year were negatively impacted by the prolonged downturn in commodity prices and the impairment charge," CEO Darren Woods says.