Latest Exxon Mobil Corp News

Charleston sues Big Oil for climate change adaptation costs

Sep. 9, 2020 3:18 PM EDT

COLUMBIA, S.C. (AP) — Charleston is now the first city in the American South to sue major oil companies in an attempt to hold them accountable for the “daunting” costs of climate change, city officials announced Wednesday. The 24 defendants in the city’s lawsuit in state court include...

Exxon, Tesla fall; Nikola, Beyond Meat rise

Sep. 8, 2020 4:22 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Apple Inc., down $8.14 to $112.82. Italy’s competition watchdog launched an investigation into Apple and other technology companies over their cloud storage services. Walt Disney Co., up $2.21 to $134.20. Disney released a...

A man walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Wednesday 26, 2020. Asian shares were mostly lower Wednesday after a lackluster session on Wall Street following talks between the United States and China on the status of a deal meant to work as truce in their trade war. (AP Photo/Vincent Yu)

Asian shares lower as investors await Fed chair's speech

Aug. 25, 2020 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after a lackluster session on Wall Street following talks between the United States and China on the status of a deal meant to work as truce in their trade war. The market has meandered recently on snippets of news about the coronavirus, developments...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Aug. 25, 2020. Shares were mostly higher Tuesday apart from in Hong Kong as investors hung onto hopes the coronavirus pandemic may come under control as treatments get developed. (AP Photo/Vincent Yu)

Asia stocks rise, spurred by hopes for COVID treatment

Aug. 24, 2020 11:48 PM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday as investors hung onto hopes the coronavirus pandemic may come under control as treatments get developed. “The positive coverage on potential COVID-19 vaccines and treatments opens the door wide open to a rotating carousel of stocks,” said...

In this Friday, Aug. 14, 2020, photo New Hampshire Rep. Nancy Murphy, D-Merrimack, poses for a photo outside the Saint-Gobain plastics factory in Merrimack, N.H. (AP Photo/Charles Krupa)

Thousands allowed to bypass environmental rules in pandemic

Aug. 24, 2020 5:43 PM EDT

Thousands of oil and gas operations, government facilities and other sites won permission to stop monitoring for hazardous emissions or otherwise bypass rules intended to protect health and the environment because of the coronavirus outbreak, The Associated Press has found. The result: approval for less...

Norwegian fund drops Exxon, Chevron over climate lobbying

Aug. 24, 2020 5:44 AM EDT

BERLIN (AP) — A Norwegian pension fund said Monday that it is divesting over $47 million from 27 companies, including Exxon and Chevron, as part of its commitment to combating climate change. The fund warned other major oil and gas companies it might drop them as well. Storebrand, which manages assets...

FILE - In this Jan. 14, 2015, file photo, former state attorney Slade Gorton, who is also a former U.S. senator, listens as former Gov. Dan Evans speaks in the Washington state Senate chamber in Olympia Wash. Gorton, a three-term U.S. senator who was the rare Republican in Democratic Washington state, died Wednesday, Aug. 19, 2020. He was 92. (AP Photo/Rachel La Corte)

Slade Gorton, former Washington US senator, dies at 92

Aug. 19, 2020 7:46 PM EDT

SEATTLE (AP) — Slade Gorton, a patrician and cerebral politician from Washington state who served as a U.S. Senate Republican leader before he was ousted by the growing Seattle-area liberal electorate in 2000, has died. He was 92. Gorton died Wednesday in Seattle, said J. Vander Stoep, his former chief of...

Cyprus' foreign minister Nikos Christodoulides, left, and Under Secretary of the United States of America, for Political Affairs, David Hale touch elbows following their meeting at Larnaca international airport, Cyprus, Sunday, Aug. 16, 2020. Hale's brief stop in Cyprus comes amid heightened tensions over Turkey's hydrocarbons search in waters Greece and Cyprus claim as their own. (Christos Avraamides/Press and Information Office of Cyprus via AP)

US supports Cyprus, wants closer east Med gas cooperation

Aug. 16, 2020 4:32 PM EDT

LARNACA, Cyprus (AP) — The U.S. wants tighter cooperation on developing gas finds in the “strategically significant” eastern Mediterranean and supports Cyprus’ right to exploit hydrocarbon deposits discovered in its waters, a senior U.S. State Department official said Sunday. U.S....

Mozambique's leader blames 'war' in north on wealth-seekers

Aug. 14, 2020 8:07 AM EDT

JOHANNESBURG (AP) — The “war” in northern Mozambique is the fault of people who want to divide the country for its wealth, President Filipe Nyusi said Friday during a visit to the region, days after Islamic extremists seized a key port there. The president’s comments, posted on social...

FILE - In this March 12, 2020, file photo, the sun shines through clouds above a shale gas drilling site in St. Mary's, Pa. President Donald Trump's administration is expected to undo Obama-era rules designed to limit greenhouse gas emissions from oil and gas fields and pipelines, formalizing the changes in the heart of the nation's most prolific natural gas reservoir and in the premier presidential battleground state of Pennsylvania. (AP Photo/Keith Srakocic, File)

Trump's EPA dumps methane emissions rule for oil, gas fields

Aug. 13, 2020 8:00 PM EDT

HARRISBURG, Pa. (AP) — President Donald Trump's administration is undoing Obama-era rules designed to limit potent greenhouse gas emissions from oil and gas fields and pipelines, formalizing the changes Thursday in the heart of the nation's most prolific natural gas reservoir and in the premier...