Emissions: Percent and Exxon

emissions: Exxon successfully petitioned the Securities and Exchange Commission to block a shareholder vote on setting targets for reducing carbon emissions from burning oil and gas, according to The Japan Times. Exxon's 2018 profit rose 6 percent to 20.8 billion as higher prices offset a 4 percent decline in production, but the shares fell 18 percent last year. A representative of the Church of England's endowment fund said Wednesday that Exxon has moved more slowly than other major oil companies to disclose information about emissions. ; Chairman and CEO Darren Woods defended the company, saying it's doing its part by providing energy that people need while also reducing emissions from its own operations. They closed Wednesday up about 6 percent for 2019. Exxon, which is based in Irving, Texas, continues to project that demand for oil will grow nearly 1 percent a year, propelled by its use in transportation and chemicals, and Woods repeated a goal of doubling 2017 earnings by 2025. Woods said Exxon's businesses performed well last year, and production in the Permian Basin of west Texas and New Mexico is growing faster than expected. (news.financializer.com). As reported in the news.

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