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ExxonMobil Dips Its Oily Toe Into Lithium Mining

Well, well, well—look who’s decided electric cars aren’t such a bad idea after all. Oil giant ExxonMobil is investing in the future by buying drilling rights for lithium in Arkansas, the Wall Street Journal reported Sunday.What Is Carbon…

Exxon Gives Up on Much-Hyped Algae Biofuels

Photo: Edwin Remsberg / VWPics (AP)It’s the end of an algal era: Exxon is backing out of a biofuel effort that the company has for years centered as part of its work in clean energy.Bloomberg reported Friday that ExxonMobil has cut ties

ExxonMobil and Chevron Post Record Profits for 2022

If by some miracle you had a great 2022, you’re not alone. At least two of the world’s biggest oil corporations thoroughly rocked last year. In fact, for ExxonMobil and Chevron, 2022 wasn’t just a good year—it was the best one…

Exxon and Chevron Say the Future Is Bright for Profits

Photo: Aaron M. Sprecher (AP)Several oil giants released their capital expenditure budgets for the year ahead this week, including Exxon Mobil and Chevron, the U.S.’s two biggest oil companies. The budgets are an interesting insight