Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has filed a court case against two of its investors in an attempt to block a climate proposal from reaching the company’s annual general meeting. Follow This and Arjuna Capital were sued by the oil giant in a Texas court on Sunday, after calling on Exxon to set targets for reducing carbon emissions. Exxon argued the investors were “driven by an extreme agenda” however, with the case marking the first time the oil firm has gone to court to block a shareholder motion. "Th ...

Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court.It says the investors are “driven by an extreme agenda” and that adopting stricter emission goals would be detrimental to its business and share value.Investors led by Arjuna Capital and shareholder activist group F ...

imaginimaNationalized industries are notorious for their inability to operate at a profit. -J. Paul Getty The transition from a carbon-based economy to one based on renewables is underway, but it is also incredibly contentious. It should not surprise folks that the world's formerly most powerful industry resisted external efforts to endanger its viability. No firm symbolized that resistance more than Exxon. While it angered activists, its contrarian upstream strategy makes it an excellent candidate to d ...

Exxon Mobil Corporation (XOM) , the U.S.-based energy giant, signed an agreement to purchase an additional 1.2 million metric tons per year (MMtpa) of Liquefied Natural Gas (LNG) from Mexico Pacific on a free-on-board basis.This 20-year supply deal with ExxonMobil paves the way for Mexico Pacific to reach a final investment decision to expand its Saguaro Energia LNG Plant, situated on the west coast of Mexico.Mexico Pacific stated that, with this deal, it has finalized the necessary sales needed to make a f ...

Shares of ExxonMobil (XOM 1.30%) slumped 9.4% in 2023, according to data provided by S&P Global Market Intelligence. Because of that, the oil giant significantly underperformed the S&P 500, which rallied 24.2% in 2023. The main factor weighing on the oil stock was slumping crude oil prices. ExxonMobil tried to capitalize on that situation by going on a shopping spree. Going shoppingOil and gas prices cooled off last year. Crude oil was down about 10% on the year, marking its first decline since the pandemic ...

ExxonMobil Corporation (XOM) has opened up about its recent interactions with Algerian oil company Sonatrach to begin exploration and production (E&P) opportunities in the country. According to Sonatrach, Algeria currently produces one million barrels of oil per day and 106 billion cubic meters of natural gas per year.The details of the deal have been discussed between the delegation of ExxonMobil and Algerian energy minister Mohammad Arkab. The deal is expected to be finalized in the coming days.The U.S. e ...

ToplineFormer President Donald Trump blamed New York Attorney General Letitia James for driving Exxon out of New York while speaking to reporters outside of his Manhattan civil fraud trial Thursday—even though the company moved its headquarters out of New York City more than 30 years ago.Former US President Donald Trump speaks to the press as he departs closing arguments in his civil ... [+] fraud trial in Manhattan. (Photo by TIMOTHY A. CLARY/AFP via Getty Images)AFP via Getty Images Key FactsTrump equated ...

Exxon Mobil (XOM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this oil and natural gas company have returned +1.3%, compared to the Zacks S&P 500 composite's +3.5% change. During this period, the Zacks Oil and Gas - Integrated - International industry, which Exxon falls in, has gained 1.9%. The key question now is: What could be t ...

Exxon Mobil (XOM) closed the latest trading day at $99.67, indicating a -1.24% change from the previous session's end. This change lagged the S&P 500's 0.15% loss on the day. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.09%.The the stock of oil and natural gas company has risen by 1.3% in the past month, lagging the Oils-Energy sector's gain of 2.64% and the S&P 500's gain of 3.5%.The upcoming earnings release of Exxon Mobil will be of great interest to investors. The company's ...

Exxon Mobil Corporation (XOM) , along with Koch Industries and the American Petroleum Institute, faced a notable setback on Monday as the U.S. Supreme Court dismissed their request to shift a climate change lawsuit filed by Minnesota Attorney General Keith Ellison from state court to federal court, per media reports.The lawsuit, filed by Minnesota in 2020, asserts that the energy industry, including ExxonMobil, Koch and the American Petroleum Institute, employed deceptive marketing practices over several de ...