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Chevron, Exxon Report Plunging Profits in 3rd-Quarter Results
2015-11-02 16:29:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Exxon Mobil and Chevron reported plunging revenue and profits on Friday, but their fortunes would have been even worse had it not been for a boom in their refining and chemical businesses. Still, those gains were not enough to stanch further job losses at Chevron, which said it planned to cut up to 10 percent of its work force. Exxon Mobil, the largest American oil company, reported a profit for the third quarter of $4.2 billion compared with $8.1 billion a year earlier. The plunge came with a 37...
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exxon
Even Hillary Clinton Thinks It's Time to Investigate Exxon
2015-11-01 01:32:14| Energy - Topix.net
ExxonMobile, one of the largest and most powerful companies in the world, is facing mounting calls for a federal investigation of its role in promoting climate-change skepticism. On Thursday, Hillary Clinton joined fellow presidential candidates Bernie Sanders and Martin O'Malley, along with a number of members of Congress , in calling for an inquiry.
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Exxon Mobil accused of misleading public on climate change risks
2015-10-31 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: More than 40 of the nations leading environmental and social justice groups demanded a federal investigation of Exxon Mobil on Friday, accusing the huge oil and gas company of deceiving the American public about the risks of climate change to protect its profits. In a letter to Attorney General Loretta Lynch, the groups, citing recent news reports, suggested that Exxon Mobil might be guilty of the same kind of fraud that the tobacco companies were found to have perpetrated when they hid the risks...
Tags: public
change
mobil
risks
Exxon, Chevron beat earnings forecasts
2015-10-31 09:42:30| Chemicals - Topix.net
Despite a plunge in oil prices, both Exxon Mobil and Chevron turned in better-than-expected results, lifting their stocks. Bobbi Rebell reports.
Tags: beat
earnings
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exxon
Exxon 3rd quarter profit falls by nearly half amid low oil prices
2015-10-31 08:42:30| Chemicals - Topix.net
Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States.
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