Engine No. 1, the hedge fund that bested ExxonMobil in a fight over its approach to climate change, is teaming up with the supermajor’s rival Chevron to build fossil fuel plants to meet soaring ...

Activist investor Engine No.1 is now teaming up with Chevron to build natural gas-fired power plants to meet soaring ...

The venture comes four years after Engine No. 1 launched one of Wall Street’s most audacious proxy wars against Exxon, arguing that the oil major faced an “existential business risk” by ...

ExxonMobil is a major integrated energy company, principally engaged in the exploration and production of crude oil and natural gas, as well as the transportation and marketing of petroleum products.

ExxonMobil is currently producing about 650,000 barrels per day of oil from Stabroek via the Liza Destiny, Liza Unity and Prosperity floating production, storage and offloading vessels in the Liza ...

Shares of the No. 1 U.S. oil producer declined 1.7% to $107.72 in afternoon trading, which was in line with a drop in the broader S&P 500 Energy Sector index. Exxon's adjusted profit for the ...

The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology ...

HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though it beat Wall Street's profit estimate with higher oil ...

Exxon’s full-year refining earnings dropped to $4 billion from $12.1 billion in 2023, according to a statement Friday. As for Chevron, its global fleet of plants earned just $1.7 billion last ...