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The Retreat of Exxon and the Oil Majors Won't Stop Fossil Fuel - Governors' Wind Energy Coalition governorswindenergycoalition.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governorswindenergycoalition.org Daily Mail and Mail on Sunday newspapers.
Publishing date: Jun 09, 2021 • 1 hour ago • 9 minute read • Article content (Bloomberg) When Exxon Mobil Corp. decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon’s supermajor peers, including arch-rival Chevron Corp. There weren’t any takers. That left Iraq with narrowed options: sell to one of China’s state-backed oil majors, or else buy back Exxon’s stake itself. The sale process remains unresolved but either outcome would stand as a powerful indicator of what’s become of the global oil market. With supermajors from the U.S. and Europe in retreat around the world, national oil champions are set to fill the void. ....
The Straits Times The retreat of Exxon and the Oil Majors won t stop fossil fuels Even Exxon, which hasn t set a net-zero target, has severely curtailed its ambitious growth plans to save money and reduce debt.PHOTO: REUTERS Updated1 hour ago https://str.sg/3Znn They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. ....