Starbucks is leaving Russia, permanently closing 130 coffee shops
The coffee giant has 130 shops in Russia, which account for less than 1 percent of its annual revenue, according to CNBC. Starbucks said it will pay its 2,000 Russian employees for six months and help them find new work outside the company. Many quick-service restaurants, such as KFC and Pizza Hut, are run by franchisees, limiting a corporation’s ability to control local operations. AdvertisementMcDonald’s last week found a buyer for its 850 Russian restaurants. But even those moves have limited effects: Local retailers with certain items already in stock can continue selling them.washingtonpost.com
Suing over climate change: Taking fossil fuel companies to court
With the expense of mitigating the effects of climate change becoming more onerous, more than two dozen cities, counties and states are suing more than 40 fossil fuel companies, accusing them of making false and misleading claims about climate change.cbsnews.com
ExxonMobil joins business exodus from Russia after decades of close ties – Houston Public Media
The American oil and gas giant is "beginning the process to discontinue operations" at the Sakhalin-1 project off Russia's eastern coast. The company also says it won't make new investments in Russia.houstonpublicmedia.org
ExxonMobil: Pipeline, ship or both for exporting Cyprus gas
The chief of ExxonMobil’s Cyprus arm says natural gas will remain an important energy source through 2050 and quantities of the hydrocarbon found off the east Mediterranean island nation could reach markets through a pipeline or by liquefying it for transport by ship.
ExxonMobil discovers more oil off Guyana's coast
ExxonMobil said Wednesday that it made two additional oil discoveries off the coast of Guyana as the South American country prepares to become the world’s newest major oil producer. The company said a vessel that arrived in Guyana late last year is expected to start production in upcoming months with a target of up to 220,000 barrels of oil a day. Guyana issued its first oil and gas license to ExxonMobil in 2017 after the company said it made “significant” oil discoveries off the country’s Atlantic coast.news.yahoo.com
Democratic chair issues subpoenas to oil executives
The chairwoman of the House Oversight Committee has issued subpoenas to top executives of ExxonMobil, Chevron and other oil giants, charging that the companies have not turned over documents needed by the committee to investigate allegations that the oil industry concealed evidence about the dangers of global warming.
Oil giants deny spreading disinformation on climate change
Top executives of ExxonMobil and other oil giants have denied spreading disinformation about climate change while sparring with congressional Democrats over allegations that the industry concealed evidence about the dangers of global warming.
Exxon CEO Darren Woods promises investors a strong dividend despite 2020 losses
Exxon CEO Darren Woods emphasized the oil giant's commitment to its dividend after the company lost more than $20 billion in 2020, and as activist investors push for change. "We're going to continue to return cash to shareholders through a very strong dividend," Woods said Thursday on CNBC's "Squawk Box." The cost-cutting measures meant the company continued its payout, although Exxon didn't raise its dividend in a break with tradition. Woods' comments follow Exxon's annual investor day, which was held virtually on Wednesday. In research reports following the investor day, Wall Street firms including Evercore ISI and Bank of America said they believe the dividend is safe.cnbc.com
Weekly Oil And Gas Update: Winter Storm Helps Boost Texas Oil To More Than $60 Per Barrel – Houston Public Media
As Houstonians faced freezing temperatures and widespread power outages last week, the frigid weather also limited oil and gas production in the state. As output starts to stabilize this week, West Texas Crude is trading around $63 dollars a barrel. It took a global pandemic to help push Texas oil prices to historic lows last year, and it took an unprecedented winter storm to assist in their ascent back to $60 or more per barrel this year. Texas is the top U.S. producer of crude oil and natural gas, according to the Energy Information Association. Meanwhile, the state’s natural gas industry and infrastructure are being criticized for their lack of winter weather preparedness.houstonpublicmedia.org
ExxonMobil shows Spring ISD girls how they can change the world
HOUSTON – Women have made great strides in many professions that were once dominated by men, but only 13 percent of engineers in the workforce today are women. ExxonMobil partnered up with Spring Independent School District for the ExxonMobil Girls Engineering Festival to show girls how they help change the world, and lead to an exciting, rewarding career in engineering. Hundreds of middle school girls from Spring, Conroe and Magnolia ISDs worked alongside female volunteers from ExxonMobil to find themselves in professional engineers’ shoes for a day. The event was designed to spark girls’ interest about the field, build their confidence in problem-solving abilities, and show them that if they want to be an engineer, they can be.
ExxonMobil shows Spring ISD girls how they can change the world | HOUSTON LIFE | KPRC 2
ExxonMobil shows Spring ISD girls how they can change the world | HOUSTON LIFE | KPRC 2Published: February 20, 2020, 4:03 pmHundreds of middle school girls from Spring ISD partnered with female volunteers from ExxonMobil at the ExxonMobil Girls Engineering Festival. The event was designed to spark girls’ interest about the field, build confidence in their problem-solving abilities, and show them that if they want to be an engineer, they can be. Students took on fun, interactive engineering challenges, and got to interview female ExxonMobil engineers about their experiences.
Contractor dies after being injured at ExxonMobil facility in Baytown
BAYTOWN, Texas – A contract worker died Tuesday after being injured at the ExxonMobil facility in Baytown. KPRC 2 Investigates learned Wednesday that emergency crews responded to the plant on Decker Drive about 8:45 a.m. Tuesday. ExxonMobil officials said in a written statement that the worker was employed by Contech Control Services. The full statement follows:“We regret that a contractor was fatally injured in an incident that occurred at the ExxonMobil Baytown Complex on February 11, 2020. The person involved was immediately attended to by emergency responders.
Fire erupts at ExxonMobil refinery in Louisiana; no injuries
BATON ROUGE, La. – A fire inside an ExxonMobil refinery in Louisiana turned the night sky a shade of orange and sent a large plume of smoke into the air. The fire erupted at the facility in Baton Rouge around 11:30 p.m. Tuesday, Baton Rouge Fire Department spokesman Curt Monte told news outlets. ExxonMobil is the largest manufacturing employer in Louisiana and its Baton Rouge refinery is the fifth largest in the country, WAFB-TV reported. There was no off-site impact, fire department spokesman Monte said.