Tag Archives: exxonmobil

A Nordic hedge fund worth more than $ 90 billion (£ 68.6bn) has its shares in some of the world’s largest oil companies and miners responsible for lobbying against climate action. Storebrand, a Norwegian asset manager, split from miner Rio Tinto, as well as US oil giants ExxonMobil and Chevron …

ExxonMobil reported its biggest quarterly loss in history on Friday when the coronavirus pandemic reduced demand and oil prices. The Texas-based oil giant lost nearly $ 1.1 billion from April to June, as COVID-19 caused a historic drop in oil prices that hurt its production business. That came immediately after …