Exxonâs activist investors spin climate dispute into a referendum on CEO Darren Woods By Kevin Crowley on 5/24/2021
Exxon Mobil CEO Darren Woods
HOUSTON (Bloomberg) An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on Chief Executive Officer Darren Woods as a decades-long struggle by climate campaigners comes to a head.
Activist investor Engine No. 1 LLC wants to replace one-third of Exxonâs board in an effort to force the Western worldâs largest oil explorer to embrace a transition away from fossil fuels and end a decade of what it calls âvalue destruction.â Shareholders are set to gather â virtually â for their annual meeting on May 26.
Robert McWhirter s Top Picks: May 13, 2021
Paul Harris Top Picks: May 12, 2021
Fed s Clarida plays down significance of rising inflation
Stocks slide for second day; treasury yields rise
The options market may be fueling the turbulence in tech shares
Bruce Campbell s Top Picks: May 11, 2021
Upstart crypto exchange FTX surges toward top of trading ranks
Rout lands on Nasdaq where shorts are massing, bulls getting out
Tech sends stocks down with inflation angst rising
Billionaire Alan Howard to return cash from secretive hedge fund
Ryan Bushell s Top Picks: May 10, 2021
Larry Berman: History of commodity cycles suggests prices don t go up forever
Bezos sells US$2.4B of Amazon shares in second wave this week
Exxon, Chevron preach prudence even as cash waterfall returns By Kevin Crowley on 5/2/2021
(Bloomberg) â Exxon Mobil Corp. and Chevron Corp. added momentum to a nascent recovery in the U.S. oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020.
The energy giants generated enough cash to cover dividends, debt payments and project spending in the first quarter, the first time theyâve managed to do that in more than a year.
The results are especially significant for Exxon because they signal a turnaround from its most difficult period in at least four decades. The gains provides breathing room for Chief Executive Officer Darren Woods as he seeks to persuade skeptical shareholders that his fossil fuel-based strategy can profitably navigate the energy transition.
ExxonMobil Pinpoints Houston Ship Channel for Massive Carbon Capture and Storage Hub
Industry Segment: Production | Word Count: 694 Words
Attachment: Houston as CCS Hub
SUGAR LAND May 3, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) There s no bones about it: The Houston, Texas, area is the ideal place for a massive buildout of carbon capture and storage (CCS) assets, Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) Chief Executive Officer Darren Woods said last week. Woods said, Houston is an ideal location for a major project. The plants along the heavily industrialized Ship Channel represent some of the hardest sectors to decarbonize. They re also relatively close together, providing project scale and reducing unit costs. Woods noted that the area s proximity to the Gulf of Mexico provided direct access to suitable storage locations, citing the U.S. Department of Energy, which says that the geology beneath the seafloor has the capacity to store 500 bill
May 04 2021, 3:15 AM
April 30 2021, 4:13 PM
May 04 2021, 3:15 AM
(Bloomberg) Exxon Mobil Corp. and Chevron Corp. added momentum to a nascent recovery in the U.S. oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020.
(Bloomberg) Exxon Mobil Corp. and Chevron Corp. added momentum to a nascent recovery in the U.S. oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020.
The energy giants generated enough cash to cover dividends, debt payments and project spending in the first quarter, the first time theyâve managed to do that in more than a year.