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The Latest Breaking News from ExxonMobil

US county sues oil companies for $51 bn over 'Heat Dome' disaster

WASHINGTON - A county in the northwestern state of Oregon on Thursday filed a lawsuit against major fossil fuel companies seeking more than $51 billion over the 2021 "Heat Dome," one of the United States' deadliest weather-related disasters.

Bangkok Post

Be angry about the wildfire pollution – but be angry at the right people

A poisonous haze made the air over New York temporarily more hazardous than any other place on Earth. Thank fossil fuel billionaires

The Guardian - US

Over 20 Years, Texas Allowed 1 Billion Pounds Excess Emissions

So-called "excess" emissions have ballooned in Texas, thanks to an almost total lack of enforcement, report Grist and Science Friday.

Texas Observer

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This state boasts the most Fortune 500 companies in 2023

Texas retained its crown as the state with the most Fortune 500 companies thanks to a combination of legacy energy companies and an emerging tech hub.

Fortune

Oil, health care, Texas are winners on this year's Fortune 500

Oil company ExxonMobil surpassed Apple to hit No. 3 on this year's ranking of the largest U.S. companies by revenue.

Fortune

It’s Payback Time

New studies call for reparations from oil companies and governments responsible for climate change.

Capital & Main

Greenwashing: energy companies make false claims about sustainability – they should be held to account

Companies implement corporate social responsibility (CSR) as a way to present an environmentally responsible image and therefore gain legitimacy in the eyes of their stakeholders. But some companies don’t actually live up to their claims.

The Conversation

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Flying drones and chasing data, Indigenous women in Guyana join fight against climate change

A small group of Indigenous women in northern Guyana are flying drones and chasing data to help understand climate change and stop the worst of its impacts

The Independent UK

Fossil fuel firms owe climate reparations of $209bn a year, says study

Groundbreaking analysis by One Earth is first to quantify economic burden caused by individual companies

The Guardian - UK

Oil giant ExxonMobil settles long-running Indonesia torture case

The trial in the 22-year-old case brought by villagers in Aceh province was due to start next week.

Al Jazeera

Exxon Mobil settles Indonesian torture case after more than 20 years

Indonesian villagers — who allege they were subjected to torture, sexual assault, beatings and watching their loved ones being shot by Indonesian soldiers contracted by ExxonMobil in 2001 — agree to a settlement. WARNING: This story contains details some readers may find distressing.

ABC News

Exxon kills the ‘God pod,’ a 20,000-square-foot palace for its C-suite that excluded most employees

For 25 years, a handful of Big Oil execs had private chefs prepare their meals in gilded surroundings dotted with fine art. No longer.

Fortune

‘Sustainable’ pension funds accused of greenwashing over billions held in oil and gas firms

Warning comes as UK watchdog set to tighten rules for asset managers given short-term targets

The Guardian - UK

As oil boom transforms Guyana, a scramble for spoils

Guyana is poised to become the fourth-largest offshore oil producer in the world, placing it ahead of Qatar, the United States, Mexico and Norway

The Independent UK

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Barchart

Options Combination on Exxon Mobil Stock Could Provide a Nice Entry Point

Exxon Mobil (XOM) stock was down 4% today in above average volume. By using a combination of option strategies, we could potentially buy the stock for a significant discount, or achieve a healthy profit if the stock trades sideways.

The Guardian - UK

Exxon CEO’s pay rose 52% to nearly £30m amid Ukraine war, figures show

Darren Woods’ pay is ‘reflective of record company earnings and stock price performance’, says oil firm

The Guardian - UK

First Thing: US seeks to mend ties with key allies after Pentagon leaks

Defence secretary speaks to South Korean counterpart after leak suggesting US was spying on Seoul’s internal discussions on arms sales. Plus, the man who walked around the world

Salon

Noam Chomsky on savage capitalism

"If you want to stop destroying the planet and human life on Earth, you have to bribe the rich and powerful"

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The Guardian - US

Exxon’s new ‘advanced recycling’ plant raises environmental concerns

Advocates warn plants like the latest addition to the Texas complex generate hazardous pollutants and provide cover for oil giants to produce new plastic products

Glasgow Live

Fight to save 200-year-old tree under threat from West Dunbartonshire development

The tree could be knocked down to make way for the creation of a new storage and distribution centre.

ABC News

Gas giant ExxonMobil warns of rapidly reducing Bass Strait supplies

Gas giant ExxonMobil says the number of wells it operates in the Bass Strait could close to halve in the next eighteen months. But an expert says gas shortages can be avoided with the right policies.

Salon

Biden urges SCOTUS on climate suits

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

The Guardian - US

Big oil firms touted algae as climate solution. Now all have pulled funding

Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research

WEKU

A U.S. federal agency is suing Exxon after 5 nooses were found at a Louisiana complex

The U.S. Equal Employment Opportunity Commission filed a lawsuit against ExxonMobil saying the company failed to take action to prevent a racially hostile work environment.

Salon

Big Biz's "dishonest climate accounting"

Companies pledge to cut emissions caused by their production, while opposing measures to reduce emissions

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