Big oil had one of its biggest years ever in 2022

Jan 3, 2023
Both Exxon Mobil and Chevron reported their most profitable quarters of all time during the calendar year. Sustaining that growth is more complicated.
Chevron posted its most profitable quarter of all time after the war in Ukraine broke out.
Mario Tama/Getty Images

Rising oil prices fuel a windfall for the industry

Apr 29, 2022
Outsize profits and stock buybacks are inviting more scrutiny from policymakers and environmental advocates.
Exxon Mobil reported quarterly profits of $5.5 billion and plans significant stock buybacks. Above, prices at a Southern California gas station in 2008.
David McNew/Getty Images

Hedge fund Engine No. 1 wins at least 2 Exxon board seats in climate push

It's the first time climate change activists have succeeded in challenging a big oil company, says business professor Erik Gordon.
The activist hedge fund Engine No. 1 yesterday won enough support from other shareholders to get at least two seats on the board of the oil company Exxon Mobil.
Logan Cyrus/AFP via Getty Images

Exxon's job cuts are another sign that the oil industry is still in a slump

Oct 30, 2020
Demand for oil has come back a bit, but it's still lower than it was before the pandemic.
Bruce Bennett/Getty Images

Courts play growing role in fight over climate change

Oct 25, 2018
New York has sued Exxon, alleging it defrauded investors by misrepresenting the costs of climate change regulations.
An Exxon gas station in Burbank, California. 
David McNew/Getty Images

Courts play growing role in fight over climate change

Oct 25, 2018
New York has sued Exxon, alleging it defrauded investors by misrepresenting the costs of climate change regulations.
An Exxon gas station in Burbank, California. 
David McNew/Getty Images

Oil execs in meetings with pope

Jun 8, 2018
Pope Francis has called the world’s leading oil execs to the Vatican. Meetings are today and tomorrow, and will include leaders from companies like BP and ExxonMobil. They’re gathering to talk about how their businesses can tackle climate change. Click the audio player above to hear the full story. 

For public good, not for profit.

Exxon's public statements about climate change were misleading, Harvard study shows

Aug 23, 2017
Harvard University researchers say a review of Exxon Mobil documents show the company misled investors and the public about how much it knew about climate change. That’s already the subject of investigations by the attorneys general in New York and Massachusetts. Their report says that the internal communication between scientists at Exxon Mobile was drastically […]

Where Trump's Secretary of State falls on climate change

Jan 10, 2017
An oil CEO may seem dire for climate change, but he has some moderate leanings.
Exxon Mobil chairman and CEO Rex Tillerson gestures while speaking at a discussion organized by the Economic Club of Washington on the energy innovations that have led to a new era of energy abundance for North America in Washington, DC on March 12, 2015. 

 
NICHOLAS KAMM/AFP/Getty Images

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