The Permian Basin, which runs through West Texas and New Mexico, produces more oil than most countries.
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 […]
Shareholders have voted for transparency on climate risk.
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. […]
The multinational oil company has what amounts to its own foreign policy, which can be contrary to U.S. policy.
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.