Exxon news today

Here are some recent news articles and updates about ExxonMobil:

Recent News

1. ExxonMobil to invest $20 billion in Permian Basin: ExxonMobil has announced plans to invest $20 billion in the Permian Basin, a major oil-producing region in the US, over the next five years. The investment will focus on increasing production and improving efficiency in the region. (Source: Reuters)
2. ExxonMobil to sell stake in Iraqi oilfield: ExxonMobil has agreed to sell its 32.7% stake in the West Qurna-1 oilfield in Iraq to the state-owned oil company, Basra Oil Company. The deal is valued at around $500 million. (Source: Bloomberg)
3. ExxonMobil to develop new oil sands project in Canada: ExxonMobil has announced plans to develop a new oil sands project in Alberta, Canada, which is expected to produce around 200,000 barrels of oil per day. The project is expected to start production in the mid-2020s. (Source: CBC News)

Recent Financials

1. ExxonMobil reports quarterly profit: ExxonMobil reported a quarterly profit of $3.4 billion, down from $4.7 billion in the same period last year. The company's revenue fell 14% to $65.5 billion due to lower oil prices. (Source: CNBC)
2. ExxonMobil's dividend payout ratio: ExxonMobil's dividend payout ratio has been criticized by some analysts, who argue that the company is paying out too much of its profits in dividends and not investing enough in its business. (Source: The Motley Fool)

Environmental and Social Issues

1. ExxonMobil faces lawsuit over climate change: ExxonMobil is facing a lawsuit from the New York Attorney General's office, which alleges that the company misled investors and the public about the risks of climate change. (Source: The New York Times)
2. ExxonMobil's environmental record: ExxonMobil has faced criticism for its environmental record, including a series of oil spills and pipeline ruptures. The company has also been accused of contributing to climate change through its production and sale of fossil fuels. (Source: The Guardian)