News about exxonmobil

Here are some recent news articles about ExxonMobil:

Recent Developments:

  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. (Source: Reuters)
  2. ExxonMobil to cut 1,900 jobs globally: The company has announced plans to cut 1,900 jobs globally, citing a decline in demand for its products due to the COVID-19 pandemic. (Source: Bloomberg)
  3. ExxonMobil to sell its stake in a Russian oil project: ExxonMobil has agreed to sell its 30% stake in the Sakhalin-1 oil project in Russia to Rosneft, a Russian state-owned oil company. (Source: The Wall Street Journal)

Environmental and Social Issues:

  1. ExxonMobil faces lawsuit over climate change: A group of investors has filed a lawsuit against ExxonMobil, alleging that the company misled investors about the risks of climate change and failed to disclose the impact of climate change on its business. (Source: The New York Times)
  2. ExxonMobil's climate change lobbying efforts scrutinized: A report by the Sierra Club has criticized ExxonMobil's lobbying efforts on climate change, alleging that the company has worked to undermine efforts to address the issue. (Source: The Guardian)
  3. ExxonMobil's oil spill in Alaska: ExxonMobil has been criticized for its handling of an oil spill in Alaska, which has released thousands of gallons of oil into the environment. (Source: CNN)

Business and Financial News:

  1. ExxonMobil's profits decline: ExxonMobil's profits have declined due to lower oil prices and increased competition in the energy market. (Source: CNBC)
  2. ExxonMobil's dividend payout: The company has announced plans to maintain its dividend payout, despite declining profits. (Source: The Wall Street Journal)
  3. ExxonMobil's acquisition of XTO Energy: ExxonMobil has completed its acquisition of XTO Energy, a natural gas company, for $41 billion. (Source: Forbes)