Tag: Exxon Mobil
NY attorney general investigating truth of Exxon, Peabody climate statements
Exxon, Peabody investigated for possibly deceiving investors about causes, impacts of climate change ALBANY, N.Y. _ New York’s attorney general is examining statements by Exxon Mobil and Peabody Energy to determine whether they deceived investors about the causes and impacts of climate change, an official familiar with the investigations said Thursday. A subpoena was sent Wednesday […]
Exxon Mobil refutes environmentalist claims it lied about climate change research
Exxon Mobil says it has active research program into lower-carbon emission technologies, carbon capture and storage, advanced engines Exxon Mobil is counter attacking after months of allegations by environmental activists that it knew about climate change impacts as early as the 1980s and covered up the information. The company released a statement say that media and environmental activists’ […]
Exxon Mobil posts 2Q profit of $4.19 billion, result misses forecasts
Oil prices drop takes toll on Exxon Mobil financial performance Exxon Mobil Corp. (XOM) on Friday reported second-quarter profit of $4.19 billion. On a per-share basis, the Irving, Texas-based company said it had net income of $1. The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time […]
Exxon profit falls by half to $4.2B, but oil production soars
Exxon refining, chemical operations performed well NEW YORK – Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company’s oil and gas production, which has been generally declining in recent years, surged. The company posted net income for the second quarter of $4.19 billion, down 52 […]
Ditch coal for natural gas? American oil co.s need to join global discussion
Why are US energy giants refusing to join forces with European companies? Shale natural gas is the natural replacement for coal The European super-major energy companies are finally waking up to the threat climate change poses to their businesses, but their American counterparts are still snoozing, seemingly oblivious. A report by Bloomberg says the Euro giants are […]
Exxon Mobil Q1 profits down 46% to US$4.94B
Lowest Exxon Mobil Q1 in six years It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results still beat Wall Street expectations. Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. Lower oil prices depleted both Exxon’s top […]
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