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Exxon agreed to buy rival Pioneer in an all-stock deal valued at $59.5bn that would make it the biggest producer in the largest US oilfield.
LGIM and CBIS have co-filed a shareholder resolution, calling on Exxon Mobil to provide more climate disclosures.
Exxon boss Darren Woods has enjoyed a hefty 52 per cent hike in his pay packet - rising to $35.9m last year.
Exxon posted $59bn (£47.9bn) in adjusted profit for 2022 in its results today, taking home more than $6.7m (£5.4m) per hour last year.
ExxonMobil has filed a lawsuit against the EU in a bid to overturn the trading bloc’s plans to impose a windfall tax on energy companies. The US oil major is seeking to challenge the EU’s authority to impose a 33 per cent levy on energy companies’ profits during the fiscal year 2022. Two of [...]
Exxon Mobil is expected unveil another quarter of monster profits powered by high natural gas prices next week.
Oil giant Exxon had record quarterly profits of almost $9.5bn, with Russia’s war in Ukraine ramping up production and the price of oil. America’s largest oil firm cashed in as the conflict pushed up oil to $114 per barrel, a seven-year high, and a 45 per cent increase from the previous quarter. Its record profits [...]
HP and Microsoft are some of the best Fortune 500 firms to work for, with high average earnings despite eye-watering sums going to those at the top. Chief executives for some of the world’s leading companies earn up to 840 times the average employee according to a new report released this week. Ranked number one [...]
Motorists could soon face fuel shortages as workers at the UK’s largest refinery have voted in favour of strike action over salaries. Around 100 workers at Exxon’s Fawley refinery will walkout starting from April after the oil giant decided offered a 2.5 per cent raise in salaries over the next two years, even though inflation [...]
ExxonMobil is cutting costs amid activist pressure, in a bid to boost returns and accelerate its transition to a greener future.
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