ExxonMobil Corporation (XOM) and QatarEnergy’s $11 billion Golden Pass LNG project has encountered significant hurdles, leading to a delay in its expected startup by at least six months. According to a Reuters report on Thursday, the project, which was expected to bolster the supply of liquefied natural gas (LNG) within the next year, is now facing uncertainty due to construction setbacks.The Golden Pass LNG facility, located at the Sabine Pass site, was initially designed to convert a former gas-import ter ...

BEVERLY HILLS, CALIFORNIA - MAY 6: The CEO of Exxon Mobil Corporation, Darren Woods speaks at the ... [+] Milken Institute's Global Conference at the Beverly Hilton Hotel, on May 6, 2024 in Beverly Hills, California. Woods and the rest of the company's Board members were overwhelming re-elected by shareholders at the company's annual meeting on May 29. (Photo by Apu Gomes/Getty Images)Getty ImagesExxonMobil ExxonMobil chairman and CEO Darren Woods and lead independent board member Joseph Hooley sailed to ea ...

ExxonMobil's chemical recycling plant on October 11, 2023, in Baytown, Texas. ExxonMobil's facility ... [+] is one of only 11 US chemical recycling plants constructed, according to an October report by Beyond Plastics. (Photo by Sergio FLORES / AFP) (Photo by SERGIO FLORES/AFP via Getty Images)AFP via Getty ImagesExxonMobil is under fire, again, from activist shareholders and investment advisors. CalPERS, the State of New York, proxy advisory firm Glass Lewis, and others are lining up to vote against nomine ...

Exxon Mobil Corporation (XOM) is facing significant backlash from major investors due to its recent legal actions against climate activist investors.The fund, managed by Norges Bank Investment Management (“NBIM”), announced that it would vote against the reappointment of ExxonMobil’s directors due to the company's lawsuit targeting climate activist investors.This decision comes in response to XOM’s lawsuit targeting two small investor groups advocating for the company to take stronger measures to reduce gre ...

Exxon Mobil (XOM) has been volatile since a failed breakout and the oil giant reported its latest earnings results on April 26. Can XOM stock reclaim the throne of the energy industry? Or has the stock peaked?X The stock is back below its 50-day moving average. Shares also fell beneath the bottom of a base.Exxon completed its acquisition of Pioneer Natural Resources on May 3. The purchase is expected to more than double Exxon's Permian production volume to 1.3 million barrels of oil equivalent per day.Energ ...

FILE - The U.S. Securities and Exchange Commission on Wednesday, March 6, 2024, approved a rule that ... [+] will require some public companies to report their greenhouse gas emissions and climate risks. The rule passed 3-2, with three Democratic commissioners supporting it and two Republicans opposed. The rule has been paused pending the resolution of multiple legal challenges. (AP Photo/Andrew Harnik, File)Copyright 2023 The Associated Press. All rights reserved.The upcoming Exxon Mobil annual shareholder ...

Exxon Mobil Chairman & CEO Darren Woods speaks during the CERAWeek oil summit in Houston, Texas, on ... [+] March 18, 2024. (Photo by Mark Felix / AFP) (Photo by MARK FELIX/AFP via Getty Images)AFP via Getty ImagesIn the corporate world, efforts to oust board members by investors are a regular occurrence, to normally be expected when a company is experiencing hard financial times. But in a bit of irony, ExxonMobil ExxonMobil CEO Darren Woods and the company’s lead independent director, Joseph Hooley, find t ...

Energy stocks have been strong performers this year.The S&P 500 is having a strong year. It recently closed at another all-time high, the 24th time it closed at a record in 2024. The broad market index is up more than 10% on the year and over 25% in the past 12 months. Several catalysts have helped fuel the S&P 500 Index's record-setting performance this year. One factor that many investors might have overlooked is the effect that energy stocks are having on the index. Energy stocks listed in the S&P 500 ha ...

A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future impact on shareholder resolutions.U.S. District Judge Mark Pittman for the Northern District of Texas ruled that Exxon's lawsuit can proceed against Boston-based Arjuna Capital, but dismissed the oil major's claim against a second activist shareholder, Follow This, because the firm is based in the Netherlands.Exxon sued the two investo ...

ExxonMobil Corporation (XOM) and Production Suriname, an affiliate of ExxonMobil, alongside Petronas Suriname E&P, a subsidiary of Malaysia’s Petronas, have announced a significant hydrocarbon discovery in Block 52 offshore Suriname. This marks the third significant find in the block since 2020, further solidifying the potential of the Suriname-Guyana basin for substantial oil and gas reserves.Details of the DiscoveryThe Fusaea-1 exploration well, located approximately 170 kilometers offshore and 9 kilomete ...