Exxon Mobil

Major US oil companies face grilling by Congress

Major US oil companies face grilling by Congress

PEJOURNAL - Top oil executives have appeared before US lawmakers to face allegations they misled the public about climate change. Major producers were quizzed about the impact of the fossil fuels they profit from and their environmental toll. The hearing on Thursday, which Democrats hailed as historic, marked the first time oil bosses had answered questions publicly and under oath. The six-hour session saw some heated exchanges, with firms such as BP and Shell facing tough questions. "Some of us actually have to live the future that you are all setting on fire for us," Democratic Congresswoman Alexandria Ocasio-Cortez said.…
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Exxon Mobil weighs global job cuts after unveiling Australian lay-off plan

Exxon Mobil weighs global job cuts after unveiling Australian lay-off plan

PEJOURNAL - Exxon Mobil Corp (XOM.N) is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon Mobil is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. The company has slashed capital spending this year by 30% to around $23 billion and said in August it planned both capital and operating expense cuts to defend its dividend after reporting losses in the first and second quarters. “We have evaluations underway on a country-by-country basis to…
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