Billionaire Kjell Inge Rokke’s Aker BP Plc and two private equity-backed companies are in talks to buy stakes in oil fields off Norway from Exxon Mobil Corp. that are valued at about $1 billion, according to people with knowledge of the matter.
At a March conference where 20 state attorneys general met to strategize on environmental issues, New York’s Eric Schneiderman said "morally vacant forces" were opposing President Barack Obama’s green agenda. Exxon Mobil Corp. wants those words to haunt him.
Exxon Mobil Corp. is negotiating with Chad’s government about a record $74 billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.
InterOil said today that ExxonMobil was still committed to buying the Papua New Guinea focused firm, despite a Canadian court’s decision to block the $2.5billion deal.
Exxon Mobil Corp. warned it may be facing the biggest reserves revision in its history as production sank to a seven-year low and profit slid amid a prolonged slump in energy markets.
At ExxonMobil's annual shareholders meeting in May, Rex Tillerson, the silver-haired chief executive officer and chairman of the biggest oil company in the world, did something he hadn't before in his last 10 such presentations: He addressed climate change head-on.
ExxonMobil asked a federal court on Monday to throw out a subpoena from New York state which would force the firm to handover decades of documents as part of a wide-ranging inquiry into whether it misled investors about climate change risks.
Exxon Mobil Corp. was ordered to pay a record $74 billion fine in Chad for underpaying royalties in the central African nation where the company has been drilling for 15 years, according to a court document.
Environmentalists have filed the first civil lawsuit against ExxonMobil for allegedly not accounting for climate change in maintaining oil storage facilities in the US.
The Attorney General of New York is investigating ExxonMobil's accounting practices and why they company hasn't written down the value of its assets, despite a steep drop in oil prices, according to reports.