Judge tosses Exxon Mobil lawsuit against activist shareholder Arjuna over climate proposal
A federal judge in Texas dismissed Exxon Mobil's controversial lawsuit against Arjuna Capital over a climate proposal.
10 hours ago - CNBC
US judge dismisses Exxon case against activist investor over proxy filing
A U.S. judge on Monday dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company's annual meetings.
11 hours ago - Reuters
Nigeria's Seplat says NNPC has withdrawn challenge to $1.3 bln Exxon deal
Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil's Nigerian shallow water oil assets, it said on Friday after being notified that NNPC had halted a legal cha...
3 days ago - Reuters
Commodity Stocks Caught Fire. Now, It's Time to Get Out.
Investors have gotten ahead of themselves. These names have big gains, then big losses.
Other symbols: CVXFCXSCCOXLE
4 days ago - Barrons
These 4 S&P 500 stocks are helping to tame U.S. market volatility
Far from being a source of concern, the U.S. stock market's extremely low volatility is something to celebrate. The CBOE Volatility Index VIX, or VIX, which is a measure of the S&P 500's SPX expected ...
Other symbols: JPMLLY
4 days ago - Market Watch
Craig Morford to Retire as Vice President, General Counsel and Secretary; Jeff Taylor Elected as Vice President, General Counsel and Secretary
SPRING, Texas--(BUSINESS WIRE)--Craig Morford, Vice President, General Counsel and Secretary for Exxon Mobil Corporation (NYSE: XOM), has announced his retirement effective July 1, 2024. The Board of ...
5 days ago - Business Wire
Exxon Mobil's stock could fall behind its peers — so stop buying, analyst says
Shares of Exxon Mobil Corp. fell Friday, as Truist Securities backed away from its bullish call, citing a number of concerns, such as the belief that the oil giant's free-cash-flow yield will trail th...
10 days ago - Market Watch
Technip Energies and Turner Industries Awarded Contract by ExxonMobil for Louisiana Carbon Capture and Sequestration Project
Technip Energies (PARIS:TE), in consortium with Turner Industries, has been awarded the Engineering, Procurement, and Construction (EPC) contract by ExxonMobil Low Carbon Solutions Onshore Storage LLC...
12 days ago - GlobeNewsWire
Vanguard says it backed Exxon board, but cites investor rights concerns
Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited lingering concerns about the energy company's lawsuit again...
12 days ago - Reuters
Exxon, Chevron, Conoco Stocks Extend Declines Along With Oil Prices
The OPEC announcement over the weekend was widely seen as a plan to add back production from members' current coordinated cuts.
Other symbols: BNOCOPCVXDBOGUSHIEOOIH
13 days ago - Barrons
Three Buys and a Bail: AMD, Duke Energy, Exxon & Starbucks
Jeff Kilburg, founder and CEO of KKM Financial, joins CNBC's 'The Exchange' to discuss trades on four stocks: AMD, Duke Energy, Exxon, and Starbucks.
Other symbols: AMDDUKSBUX
14 days ago - CNBC Television
The Dow Dumped Exxon in 2020. Adding Salesforce Was a Losing Move.
The call, meant to make the benchmark better represent the economy, has left investors tracking the average with less money than they would have had otherwise.
Other symbols: CRM
17 days ago - Barrons
Oil giants Exxon, Chevron lean on big-ticket deals to build bigger reserves
Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come.
Other symbols: CVX
17 days ago - Reuters
Did FTC Over-Reach In Prohibiting Scott Sheffield From ExxonMobil's Board
The Federal Trade Commission (FTC) has taken an unprecedented step as part of the biggest shale oil and gas merger ever: ExxonMobil buying Pioneer Natural Resources Pioneer Natural Resources for the h...
17 days ago - Forbes
Strike could resume Wednesday at ExxonMobil complex in France
A strike by chemical unit workers set to lose their jobs at an ExxonMobil petrochemical complex in northern France will remain suspended through June 4 while talks are held over severance packages, th...
17 days ago - Reuters
Senate Democrats accuse oil companies of collusion with OPEC, demand DOJ investigation
Nearly two dozen Democratic senators, led by Majority Leader Chuck Schumer, D-N.Y., wrote a letter to the Justice Department urging a probe of alleged collusion between the oil industry and OPEC.
18 days ago - Fox Business
Schumer and 22 fellow Senate Democrats urge Justice Department to crack down on oil-price fixing
WASHINGTON (AP) — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged co...
Other symbols: CVX
18 days ago - Market Watch
Schumer Urges Big Oil, Gas Investigation
Senate Majority Leader Chuck Schumer and other Democrats are calling the justice department to investigate possible collusion or price fixing at oil and gas companies. Bloomberg's Kailey Leinz has the...
Other symbols: CVX
18 days ago - Bloomberg Markets and Finance
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago
Exxon Mobil was replaced by Salesforce as Dow component in August 2020, a shakeup seen a sign of the energy sector's weakness and tech's strength. But the oil major's stock has gained nearly 170% sinc...
18 days ago - CNBC
Schumer asks DOJ to investigate FTC claim oil exec colluded with OPEC
U.S. Senate Majority Leader Chuck Schumer and 22 other Democratic Senators on Thursday asked the Attorney General to investigate allegations of collusion and price fixing between the oil industry and ...
18 days ago - Reuters
Exxon moves to smaller offices as it cuts back Nigerian operations
ExxonMobil is not renewing a 33-year-old lease on its expansive offices in Lagos's upscale Lekki district which expires on Friday, three sources inside the company told Reuters, as it looks to scale d...
18 days ago - Reuters
Efforts To Oust ExxonMobil Chairman, Board Members Run Aground
ExxonMobil ExxonMobil chairman and CEO Darren Woods and lead independent board member Joseph Hooley sailed to easy re-elections to the Board of Directors Wednesday at the company's annual shareholder ...
18 days ago - Forbes
U.S. Chamber's Tom Quaadman on Exxon activist lawsuit: Exxon had no alternative but to go to court
Tom Quaadman, U.S. Chamber of Commerce EVP for capital markets competitiveness, joins 'Squawk Box' to discuss news of CalPERS voting against Exxon Mobil at the company's annual meeting today, why the ...
19 days ago - CNBC Television
Why CalPERS Opposes Entire Slate of Exxon Directors
Marcie Frost, CEO of California Public Employees Retirement System (CalPERS), cites "an absolute governance failure" when explaining why CalPERS is voting against the entire slate of Exxon Mobil direc...
19 days ago - Bloomberg Markets and Finance
CalPERS CEO Marcie Frost on voting against Exxon Mobil board and Elon Musk's pay package
CalPERS CEO Marcie Frost joins 'Squawk Box' to discuss why the agency is voting in opposition to all of Exxon's 12 director nominees and CEO Darren Woods at the company's annual shareholder meeting, E...
19 days ago - CNBC Television