Shell (SHEL) and Exxon Mobil's (XOM) Groningen field has been permanently closed, following a law passed by the Dutch Senate. However, the field still has substantial reserves remaining.
Investors are advised to avoid purchasing ExxonMobil (XOM) before the release of its Q1 earnings and, instead, closely monitor the stock for a more opportune entry point.
California will conclude a two-year investigation into Exxon and the fossil fuel industry's role in causing global plastic pollution by summer and decide if it will file a lawsuit against oil giant, its attorney general told Reuters on Monday. The state launched its investigation into the oil and petrochemical industry's role in creating and exacerbating the global plastic waste crisis in April 2022 and subpoenaed Exxon for documents.