Big Oil is doing way better under Biden than under Trump [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Big Oil has chafed under President Biden, who has trash-talked fossil fuels and aggressively pushed to decarbonize the US economy. Donald Trump, by contrast, says “drill, baby drill” and has reportedly promised to give energy lobbyists everything on their wish list if their firms back his 2024 presidential campaign. Irony alert: The fossil fuel industry has done far better during Biden's presidency than it did during Trump's in terms of profitability, stock performance, and production. Some of Trump's promised policies, in fact, could lead to the same sort of oversupply that kept consumer prices low during his presidency but wrecked oil and gas financials. Trump reportedly hosted oil executives at his Mar-a-Lago estate recently and listened to their complaints about onerous regulations under the Biden administration. There's truth to that: Biden has raised the cost of drilling on federal land , imposed new requirements to reduce methane emissions, paused the approval of new natur
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XOM
News
- Exxon faces opposition from CalPERS after 'devastating' anti-ESG activist suit [MSNBC.com]MSNBC.com
- ExxonMobil (XOM), Pertamina Progress on CCS Hub in Indonesia [Yahoo! Finance]Yahoo! Finance
- Exxon faces opposition from CalPERS after ‘devastating' anti-ESG activist suit [CNBC]CNBC
- Calpers to Oppose All Exxon Directors Amid Shareholder Dispute [Yahoo! Finance]Yahoo! Finance
- Calpers to Oppose All Exxon Directors Amid Shareholder Dispute [BNN Bloomberg (Canada)]BNN Bloomberg
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/20/24 - Form DEFA14A
- 5/20/24 - Form PX14A6G
- 5/17/24 - Form DEFA14A
- XOM's page on the SEC website