Tag Archives: Exxon Mobil Corporation

ExxonMobil Strategy for Climate Change

Dissident shareholders of ExxonMobil have won two seats on the company’s board of directors. The election “will likely force it to alter its fossil-fuel focused strategy and more directly confront growing shareholder concerns about climate change,” according to The Wall Street Journal. Fossil fuels are probably on the decline long-term, …

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Iraq may Buy Exxon Stake in West Qurna 1

Press reports quote Iraq’s oil minister as saying that Iraq could buy ExxonMobil’s 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the …

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Iraq Aims to Finalize Exxon Oil Sale by June

Iraq aims to finalize the sale of Exxon’s stake in the West Qurna-1 oil field by the end of June even after rival U.S. supermajor Chevron Corp. rejected overtures to buy the position. Basra Oil Co., the state-run company overseeing crude production in the region, may open talks with more …

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