European subsidiaries of the American oil giant filed a lawsuit with a European Union court seeking to stop the tax, which Exxon Mobil said could cost it billions of dollars.
Tag: Exxon Mobil Corp
French Refineries Strike May Presage a Winter of Discontent for Europe
Bitten by inflation, workers are demanding a greater share of the surging profits of energy giants. It’s the kind of unrest leaders fear as they struggle to keep a united front against Russia.
Oil Executives Privately Contradicted Public Statements on Climate, Files Show
The documents, subpoenaed in a House investigation of climate disinformation, show company leaders contravening industry commitments.
Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds
The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.
Russia’s Moves in Ukraine Unsettle Energy Companies and Prices
Oil and gas prices are up, and Western energy giants with operations and investments in Russia could find it harder to keep doing business there.
At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters
A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.
A Week of Big Blows for Big Oil
Two victories by environmental activists added to the uncertainty surrounding the industry and Canada’s oil sands.
Exxon Mobil’s Chief Says It Is ‘Supportive’ of Zero-Emission Goals
Darren Woods, in an interview before an annual presentation to investors, also suggested there was common ground with Biden administration policies.
Suriname Could Be Latest Big Oil Find as Industry Cuts Costs
The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.
‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.
Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change.