What is ExxonMobil doing about environmental issues?

ExxonMobil will continue to focus our efforts on providing the energy the world needs, while simultaneously addressing the risk of climate change by reducing our emissions, helping consumers reduce theirs, and advancing research to find new low-emissions technologies for the future.

What were the unethical practices that were accused of the Exxon company?

Exxon Is On Trial, Accused Of Misleading Investors About Risks Of Climate Change New York’s attorney general argues that Exxon used shady methods of calculating carbon costs, affecting its share price and defrauding shareholders.

How much greenhouse gases are produced by ExxonMobil?

ExxonMobil’s net greenhouse gas emissions totaled 120 million metric tons of carbon dioxide equivalent in 2019. This was a reduction of three percent from the previous year.

Is ExxonMobil an ethical company?

Overview. ExxonMobil strives to uphold high ethical standards at all times and in all aspects of our business. Our Standards of Business Conduct set the ethical conduct expectations for our corporation and majority-owned subsidiaries.

What is ExxonMobil doing about climate change?

Since the Kyoto Protocol, Exxon has given more than $20 million to organizations supporting climate change denial. Between 1998 and 2004, ExxonMobil granted $16 million to advocacy organizations which disputed the impact of global warming.

What are oil companies doing to help climate change?

Chevron says it is increasing its own use of renewable energy to power its operations. It also says it is reducing emissions of methane, a powerful greenhouse gas. And the company has invested more than $1.1 billion in various projects to capture and sequester carbon so it isn’t released into the atmosphere.

What is Exxon doing about climate change?

What do you know about ExxonMobil?

ExxonMobil is the largest non-government-owned company in the energy industry and produces about 3\% of the world’s oil and about 2\% of the world’s energy. ExxonMobil is organized functionally into a number of global operating divisions.

What does Exxon Mobil do?

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, trade, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of crude oil, natural gas, petroleum products, petrochemicals and a range of specialty products.

Is ExxonMobil American?

Exxon Mobil Corporation, stylized as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas. ExxonMobil’s primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical.

Who is the largest shareholder of ExxonMobil?

The Vanguard Group, Inc.
Institutional investors own over 50\% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don’t have a meaningful investment in Exxon Mobil. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.3\% of shares outstanding.

Is Exxon investing in renewables?

The original agreement signed in August 2020 committed ExxonMobil to purchase 2.5 million barrels of renewable diesel per year. Following production startup, ExxonMobil plans to distribute the renewable diesel within California and potentially other U.S. and international markets.