Exxon Mobil

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Exxon Wins Closely Watched Climate Case

New York state accused it of misleading investors on the related costs

(Newser) - ExxonMobil has prevailed in a rare legal situation: a climate change case that made it to trial. This one was more about alleged fraud than pollution, however, reports NPR . New York state Attorney General Letitia James accused the company of misleading investors about the potential cost of climate change, but...

Exxon Mobil Profit Falls 49%
Profits Plunge for Exxon Mobil
Nov 2, 2019 10:00 AM CDT

Profits Plunge for Exxon Mobil

But the Texas oil giant still reported over $3B in profits for the third quarter

(Newser) - Exxon Mobil's profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil and natural gas, the AP reports. The Texas oil giant reported $3.17 billion in profits in the third quarter Friday, down 49% from the same time last year....

This Company Has a -5% Corporate Tax Rate

GE tops WalletHub's list of companies with lowest corporate tax rates; Caterpillar has the highest

(Newser) - To best understand how President Trump's plan to cut the corporate tax rate from 35% to 20% would affect companies, it's necessary to determine a company's effective tax rate. WalletHub is on the case. The outlet reviewed annual reports for the top 100 companies on the S&...

Exxon Fined $2M for Sanctions Breach Under Tillerson

Company says it did nothing wrong

(Newser) - Exxon Mobil Corp. must pay a $2 million fine for showing "reckless disregard" for US sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's CEO, the Treasury Department said Thursday. Exxon sued the US government to stop the fine. The Treasury said that Exxon...

10 Highest Paying Internships in US
Here, Interns Can
Earn $96K a Year
May 2, 2017 11:17 AM CDT

Here, Interns Can Earn $96K a Year

Facebook's interns are a lucky bunch

(Newser) - Contrary to popular belief, it is possible to keep a rewarding internship and a roof over your head . If you're prepared for a fight, you can find a great internship that also pays well—$8,000 per month in the case of Facebook. Here are the companies offering the...

Trump Administration Says Exxon Can't Drill in Russia

Treasury Department denies waiver from Russian sanctions

(Newser) - The US government won't be granting Exxon Mobil a waiver from Russian sanctions, Politico reports. It had been reported this week that the oil and gas company was seeking a waiver to allow it to drill in the Black Sea. The refusal of that waiver came Friday in the...

Rex Tillerson Used Email Alias 'Wayne Tracker' at Exxon

At least in missives about climate change, says New York attorney general

(Newser) - An investigation into whether Exxon Mobil misled investors regarding its knowledge of climate change has revealed that former CEO and current Secretary of State Rex Tillerson used an alias email address to discuss the subject, says New York's attorney general. In a letter to a New York judge on...

White House Press Release Copies ExxonMobil's

Both releases contained identical paragraph

(Newser) - The White House and ExxonMobil were literally on the same page Monday when a White House statement on the oil giant's investment plan lifted an entire paragraph from an Exxon press release issued around 30 minutes earlier. Both statements praised how the company is "strategically investing in new...

Rex Tillerson Makes $240M Exit From Exxon

He'll sell stock, with value of deferred stock put in trust

(Newser) - Rex Tillerson will take a $180 million retirement deal and make a complete break from ExxonMobil if confirmed as secretary of state. In a deal announced Tuesday, Exxon says the former oil executive who resigned on Dec. 31 will sell his 611,000 shares of Exxon, worth about $55.5...

Leak Reveals Another Tillerson-Russia Tie

He headed Exxon's Russian subsidiary

(Newser) - Documents leaked to a German newspaper have revealed that Rex Tillerson has even stronger ties to Russia than first thought, the Guardian reports. The ExxonMobil CEO spent years as a director of Exxon Neftegas, Exxon's Russian subsidiary based in the Bahamas for tax purposes, according to corporate documents leaked...

Tillerson&#39;s Confirmation Could Be Tricky
Trump Picks Rex Tillerson,
but Path Will Be Tricky
THE RUNDOWN
Dec 13, 2016 5:42 AM CST

Trump Picks Rex Tillerson, but Path Will Be Tricky

Secretary of state hearings likely to focus on Russia, conflicts of interest

(Newser) - Donald Trump confirmed Tuesday morning that Rex Tillerson is his pick to be secretary of state—but the ExxonMobil chief's path to confirmation is not expected to be an easy one. The Washington Post reports that some GOP senators may be unwilling to support Tillerson because of his ties...

Multiple Reports: Tillerson Is Pick for Secretary of State

Trump expected to name ExxonMobil chief his nominee on Tuesday

(Newser) - It's Tillerson: Multiple outlets were reporting Monday night that Donald Trump has settled on ExxonMobil chief Rex Tillerson to be his secretary of state. Among those reporting the news in advance of a formal announcement Tuesday were the New York Times , the Washington Post , the AP , and CNN . All...

Trump Picks Exxon CEO for Sec of State: Reports

Rex Tillerson is now the expected nominee

(Newser) - NBC News , the Washington Post , and other outlets are reporting that Exxon Mobil CEO Rex Tillerson will be the next secretary of state. Two sources close to Donald Trump say the president-elect is going to nominate Tillerson, likely next week—though nothing is official until he does. Tillerson apparently...

One of South America's Poorest Countries Has Struck Oil

Find excites but worries Guyana

(Newser) - Guyana has long been one of the hemisphere's poorest places, a sparsely populated nation on South America's northern shoulder that relies heavily on exports of sugar, rice, and gold. But these days, there's a surge of excitement about an anticipated windfall from major oil-and-gas deposits found in...

ExxonMobil CEO: World Needs Our Oil, 'Like It or Not'

Cutting oil production 'not acceptable to humanity': Rex Tillerson

(Newser) - Keep the oil taps flowing for the good of the people, the CEO and chair of ExxonMobil appealed to shareholders at what the Guardian says was a "long and fractious" annual meeting in Dallas on Wednesday. Rex Tillerson told attendees the oil giant had already pumped $7 billion into...

Exxon Investigated for Alleged Climate Lies

NY AG has subpoenaed 2 energy companies

(Newser) - New York's attorney general is examining statements by Exxon Mobil and Peabody Energy to determine whether they deceived investors about the causes and impacts of climate change, an official familiar with the investigations said Thursday. A subpoena was sent Wednesday to Dallas-based Exxon after a yearlong review of shareholder...

Scientist: Exxon Knew of Climate Change in 1981, Lied

'Guardian' explores explosive claims in newly uncovered email

(Newser) - Exxon was ahead of the game on climate change. According to Lenny Bernstein, who spent 20 years there as a climate expert, the company knew about the link between fossil fuels and climate change in 1981—seven years before the issue truly became public. But for the next 27 years,...

Christie Rep Settled Exxon Suit for 3 Cents on Dollar

A former state official alleges the office 'cut the deal favorable to Exxon'

(Newser) - It's been quite the legal saga: In 2004, New Jersey's Department of Environmental Protection sued Exxon Mobil over what it said was a century's worth of pollution spewed by two refineries. The state alleged that contamination dating as far back as 1870 at the northern Bayonne and...

Exxon CEO Hops on Suit to Stop ... Fracking Activity

Rex Tillerson wants to keep a water tower out of his backyard

(Newser) - Lots of people wouldn't want fracking-related activities taking place near their homes—but when one of those people is the CEO of Exxon Mobil, it raises some eyebrows. The Wall Street Journal last week revealed that Exxon chief Rex Tillerson has joined a lawsuit spearheaded by former House Majority...

Carbon Tax Looming, Big Business Gets Ready to Pay Up

Dozens of US companies factoring price into financial plans

(Newser) - First came news that 90 companies are to blame for the majority of greenhouse gas emissions. Now, more than two dozen big US corporations are planning for a future that involves paying for their pollution. A survey by green-data firm CDP shows that 29 companies, including Exxon, Chevron, and Walmart,...

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