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Exxon is shelling out $60B to double its Permian production. Why there?

Oct 12, 2023
The Permian Basin, which runs through West Texas and New Mexico, produces more oil than most countries.
If the Permian Basin were its own country, it would be among the top five oil producers in the world, said Karr Ingham with the Texas Alliance of Energy Producers. Above, an oil pumpjack in Odessa, Texas.
Joe Raedle/Getty Images

Oil earnings bubbling up

Oct 27, 2017
Exxon and Chevron report earnings today. Yesterday ConocoPhillips reported income that beat analysts’ estimates. Earlier in the week oil services firm Halliburton delivered strong earnings, with revenue up 10 percent. The earnings indicate the energy industry is in a minor rebound — after years of slump. Click the audio player above to hear the full […]

Exxon investors want a bank-style stress test for climate change

Jun 29, 2017
Shareholders have voted for transparency on climate risk.

Shareholders want Exxon to report on climate change risk

May 30, 2017
Exxon Mobil’s investors will vote Wednesday on a proposal demanding that the company produce a “meaningful” plan to address risks to its business from climate change and climate change regulation. Exxon has faced allegations that it’s underplayed climate change, though its leadership does support the U.S. staying in the Paris Agreement to cut carbon emissions. […]

What does it mean to have the ExxonMobil CEO as secretary of state

Dec 13, 2016
The multinational oil company has what amounts to its own foreign policy, which can be contrary to U.S. policy.
Chairman and CEO of US oil and gas corporation ExxonMobil, Rex Tillerson, speaks during the 2015 Oil and Money conference in central London on October 7, 2015. 
Sorry, Exxon.
SAUL LOEB/AFP/Getty Images

Now Big Oil's refinery profits start to shrink

Jan 20, 2016
Big oil companies have been buffered a bit by higher profits from refining oil into gas.

For public good, not for profit.

Exxon target of climate change probe

Nov 6, 2015
What did the company know about the issue and what did it tell shareholders?

25 years after the Exxon Valdez crisis, we've learned...?

Mar 24, 2014
It was a dramatic disaster to call attention to environmental risks, and 25 years later it stands out as an stark reminder of continuing environmental risks.

How much climate change will cost Exxon

Mar 21, 2014
Exxon the first big energy company to respond to shareholders’ concerns about the cost of climate change.