In December, Engine No. 1 bought just 0.02% of the company and sent a letter to the board with a simple request: Invest in clean energy, or else.
The win by Engine No. 1 highlighted a growing appetite among investors for corporations to tackle climate change and green energy initiatives head-on.
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After a historic year of loss, Exxon is cutting jobs and reorganizing its workforce. Follow this story for updates.
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Exxon Mobil on Monday announced a new business focused on low-emissions technologies. The business will initially focus on carbon capture, a technology Exxon has been developing for years. The announcement follows mounting pressure from investors who have been pushing the company to do more to address climate change. Visit Business […]
The CEOs of Exxon and Chevron discussed merging the two largest US oil companies, the Wall Street Journal reported. The talks came in the early days of the pandemic, which battered the energy sector. Visit Business Insider’s homepage for more stories. Exxon and Chevron discussed merging the oil companies last […]
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Exxon faced a difficult 2020. The oil titan saw profit evaporate as oil prices crashed, and it was forced to slash spending and cut jobs. Behind those tough decisions is what some employees have referred to as the God Pod, Exxon’s executive suite. At the top are CEO Darren Woods […]
S&P put Chevron, Exxon and others on downgrade watch as green push grows. The ratings agency said the whole industry was now higher risk. BlackRock yesterday urged firms to plan to reach net-zero by 2050. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . S&P […]
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Exxon has cut costs and is shrinking its workforce after one of the worst years in the company’s history. Here’s everything we know about the cuts, from layoffs to reduced employee benefits. Do you have information about Exxon? Reach out to this reporter at
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Zoom Video has surpassed Exxon Mobil in market capitalisation, according to data from YCharts.com. Zoom Video has surged 658% year-to-date as the video chat software company saw a boom in business amid the COVID-19 pandemic. Meanwhile, Exxon Mobil has lost 55% in value so far in 2020 as a significant […]
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