ExxonMobil has agreed to join the UN’s flagship methane emissions reporting programme as it seeks to present a more transparent image after years of resisting external monitoring of its approach to climate change. The biggest western oil producer told the Financial Times that advances in technology meant it was now in a position to join the Oil and Gas Methane Partnership, a standardised reporting framework to monitor industry emissions of the potent greenhouse gas, led by the UN Environment Programme. The decision represents a sharp U-turn for Exxon, which as recently as its annual meeting in May urged shareholders to vote against a resolution calling for it to join the programme, arguing that doing so would be “duplicative” and “unnecessary”.
Exxon (XOM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In this article, we will list the top natural gas-producing countries and the current market trends. If you want to skip our overview of the natural gas market, read 5 Countries That Produce the Most Natural Gas. The World Energy Administration’s International Energy Outlook 2023 reports that natural gas is the fastest-growing fossil fuel globally. Its consumption is expected […]