Exxon Mobil Archives - CFO

Exxon Warns Assets at Risk From Climate Change

Exxon Warns Assets at Risk From Climate Change

The warning is “a remarkable admission of climate change risks from one of the most recalcitrant oil giants."

By Matthew Heller | November 4, 2021

Exxon Turns to Outsider Mikells as New CFO

Exxon Turns to Outsider Mikells as New CFO

Kathryn Mikells's appointment "is clearly a first move for what will be a change in management and tone."

By Matthew Heller | July 20, 2021

Exxon to Take Record Writedown, Slash Spending

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."

By Matthew Heller | December 1, 2020

Exxon Posts $610M Loss Amid Oil Price Dive

Financial Performance

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."

By Matthew Heller | May 1, 2020

Credit Quality: Downgrades Keep Coming

Credit & Capital

Credit Quality: Downgrades Keep Coming

While all eyes are on the equity markets, credit is the lifeblood of corporations. Which companies are facing headwinds?

By Vincent Ryan | March 17, 2020

Exxon Cleared in Landmark Climate Change Trial

Risk & Compliance

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.

By Matthew Heller | December 11, 2019

Exxon Mobil Profits Dip on Natural-Gas Glut

Financial Performance

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.

By Matthew Heller | August 2, 2019

New York A.G. Sues Exxon Over Misstating Climate Risks

Risk Management

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.

By William Sprouse | October 25, 2018

Is Sustainability Fading from Board Agendas?

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.

By David McCann | October 1, 2018

Exxon Shares Drop 3.7% on Another Profit Miss

Financial Performance

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.

By Matthew Heller | April 27, 2018

Exxon Settles Air Pollution Case for $303M

Risk & Compliance

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."

By Matthew Heller | October 31, 2017

$2B Asset Writedown Hits Exxon’s Q4 Earnings

$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.

By Matthew Heller | February 1, 2017

Battles Brew over Climate Risk Disclosure

Risk Management

Battles Brew over Climate Risk Disclosure

With Exxon Mobil and Peabody Energy in the crosshairs over their lack of disclosure, how much exposure do other companies face?

By David McCann | April 8, 2016

N.Y. Probing Exxon Mobil Over Climate Research

Risk & Compliance

N.Y. Probing Exxon Mobil Over Climate Research

The state's attorney general is looking into whether the company failed to disclose the risks that climate change could pose to its business.

By Katie Kuehner-Hebert | November 6, 2015