ExxonMobil

In a rare move, oil giant ExxonMobil has filed a lawsuit against climate activist investors, seeking to block their proposed climate resolution from reaching a vote at the upcoming annual investor meeting. The legal action targets Follow This and Arjuna Capital, two entities advocating for an acceleration of greenhouse gas emission reductions by Exxon. Exxon…

Oil giant ExxonMobil’s profits more than doubled in the first three months of this year, helped by the increased demand for oil and gas. The US energy firm said cost-cutting measures also contributed to its record $11.4bn (£9.1bn) first-quarter profits, up from $5.5bn a year earlier. The jump came despite falling oil prices and a…