ExxonMobil

  • ExxonMobil reports huge loss amid collapse of oil prices

    The oil market plunged back in April due to numerous restrictive measures and lockdowns, which halted many industries across the world, significantly lowering demand for fuel. Oil giant Exxon Mobil on Friday reported a loss of $610 million in the first quarter, compared to $2.35 billion in profits over the same period last year. The…

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  •   New York Attorney General Barbara Underwood sued ExxonMobil on Wednesday, accusing the oil company of misleading investors about the risk climate change regulations posed to the business. A complaint filed New York’s Supreme Court said ExxonMobil for years told investors it was preparing for the probability of increasingly stringent regulations on its effects on greenhouse gas emissions.…

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