Tag: Exxon Mobil

Exxon Mobil Declares $22.4b Loss
February 3, 2021 No Responses

Exxon Mobil Declares $22.4b Loss

Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge.  The firm lost $22.4bn (£16.4bn) as energy prices dropped – at one point falling below zero.  The downturn forced...
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Exxon Mobil Accused Of Misleading Investors
October 22, 2019 No Responses

Exxon Mobil Accused Of Misleading Investors

An unprecedented climate change lawsuit against American oil giant Exxon Mobil is set to go ahead in New York. The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says...
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Shell, Exxon Mobil Target Re-Entry Into Somalia’s Upstream Sector
June 29, 2019 No Responses

Shell, Exxon Mobil Target Re-Entry Into Somalia’s Upstream Sector

Shell  and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement. Shell and Exxon Mobil had a joint venture...
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