Exxon Mobil Tops Earnings Forecast Amid Activist Investor Pressure
Exxon said there is growing public and private sector support for carbon capture as a critical enabling technology to reduce emissions and help meet society s net-zero ambitions.â
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Exxon Mobil (
XOM) - Get Report posted stronger-than-expected first quarter earnings Friday, and held its capital spending plans in place, as it faces pressure from activist shareholders to accelerate its transition to lower-carbon markets.
Exxon said adjusted earnings for the three months ending in March were pegged at 64 cents per share, up from a 14 cents per share loss from the same period last year and 5 cents ahead of the Street consensus forecast. Group revenues, Exxon said, rose 5.3% to $59.15 billion, topping analysts estimates of $54.6 billion.
BENGALURU: All vaccination centers in India’s financial capital of Mumbai were shut for three days starting Friday due to a shortage of vaccines, said authorities, as the country posted another record daily rise in coronavirus cases.
India reported 386,452 news cases on Friday, while deaths from COVID-19 jumped by 3,498 over the last 24 hours, according to health ministry data.
However, medical experts believe actual COVID-19 numbers in the world’s second-most populous nation may be five to 10 times greater than the official tally.
India has added about 7.7 million cases since the end of February, when its second wave picked up steam, according to a Reuters tally. In contrast, it took India nearly six months to add the previous 7.7 million cases.
LONDON: Rights group Reprieve has accused the British government of failing young girls trafficked to Syria by Daesh members, and is urging London to facilitate their return.
An investigation by the charity found that “hundreds of women and girls” were “forced into marriage, sexual slavery, domestic servitude and other forms of exploitation.”
Reprieve also found that 63 percent of British women currently detained in Kurdish camps in northeast Syria are victims of trafficking.
“After years of exploitation, including forced marriage, rape and domestic servitude, these British women and their children managed to escape ISIS (Daesh) territory and make their way to the North of the country held by the Kurdish authorities, where they are now detained indefinitely without charge or trial in desert camps,” the report said, describing conditions in the camps as “dire.”
China s factory activity growth slows in April Japan s April manufacturing expands at fastest pace since 2018 India infections top 18 million
SINGAPORE, April 30 (Reuters): Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the Covid-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.
Brent crude fell 31 cents, or 0.5%, to $68.25 a barrel by 0630 GMT, the last day s trading for the front-month June contract. US West Texas Intermediate crude for June was at $64.59 a barrel, down 42 cents, or 0.7%.
Prices also came under pressure after China s factory activity growth slowed and missed forecasts in April, although a private sector survey showed that Japan s factory activity expanded in April at the fastest pace since early 2018.