Energy supermajor’s bet on production comes after US rival Chevron announced cut to capital expenditure
Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023
Allegations arrive as plastics play a growing role in supporting oil demand
Also in today’s newsletter, buzzkill for coffee pod users
Also in today’s newsletter, climate scientist Michael Mann on Exxon’s global outlook
Plan for world’s largest low-emission plant of its kind in limbo over push for US subsidies
Bullish forecast from US supermajor contrasts with predictions of rapid transition form fossil fuel
The drive to replace Russian gas has led to surging global demand but American export projects face growing hurdles
Delay of arbitration hearing until next year exacerbates tensions between leading US oil companies
But critics fear the oil bonanza will turn Guyana into a victim of the ‘resources curse’
Wall Street bank stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge
A divisive case over climate change and shareholder rights winds down after shareholder agrees to drop effort
Oil major’s slate of directors gains wide approval despite activist-led revolt over greenhouse gas emissions
Also in this newsletter: BHP’s £39bn pursuit of Anglo American collapses, German workers in largest real-terms pay rise since 2008, orange juice producers feel the squeeze
Plus, Musk reveals AI fundraising after all
Scott Sheffield slams ‘personal attack’ by US regulators who barred him from Exxon’s board
Taking Arjuna Capital to court has prompted an even bigger shareholder revolt
In today’s newsletter, we give both sides a chance to have a say in the debate
Pension fund accuses oil major of ‘anti-speech effort’ in suing climate-focused shareholders
US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved
Sovereign wealth fund to oppose re-election of energy company’s lead director
Oil major is persisting with legal action against activists even after their emissions cutting resolution was dropped
Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISS
Calpers concerned oil supermajor is seeking to muzzle activist shareholders
CEOs weighing mergers may think twice after US regulator bars industry veteran from Exxon’s board
