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SEC Launches Probe of Exxon Mobil on Permian Basin Asset Valuation

2021-01-15 18:15:00| OGI

Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.

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Exxon versus BP: Managing Reputation Risk in the Era of ESG

2021-01-08 16:00:00| OGI

Heres a look at the different reputational risks oil and gas companies are facing as they chase ESG goals in an effort to address increasing pressures from environmentalists and investors.

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Exxon Mobil Discloses Emissions Data for First Time

2021-01-06 23:05:00| OGI

Exxon Mobil, the largest U.S. oil producer, said the emissions from its product sales in 2019 were equivalent to 730 million metric tons of CO, higher than rival oil majors.

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Exxon Mobil Signals Up to $20 Billion Write-down to Overwhelm Fourth-quarter Gains

2020-12-31 11:20:00| OGI

Exxon Mobil signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.

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Exxon Mobil Considers Investing Over $240 Million in Louisiana Refinery

2020-12-17 11:25:00| OGI

Exxon Mobil is carrying out a multibillion-dollar expansion of its Beaumont, Texas, refinery to run crude oil coming from the Permian Basin in Texas.

Tags: million mobil louisiana investing

 

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