ExxonMobil

IEEFA Research

IEEFA Exxon: Telltale Crossover in Late 2014 Marks Where a Major Oil Stock Began to Go South

A Decoupling From the Larger Stock Market 2 Years Ago Portends a Future in Which the World’s Biggest Oil Company Will Be Smaller and Will Not Pay Out as Much in Shareholder Distributions

The world is moving in fits and starts but with gathering momentum toward a more diversified, low-carbon energy mix. The evidence is all around us. One exhibit, of many, is in the report we published this week—“Red Flags on Exxon: A Note to Institutional Investors”—which includes the chart here: ExxonMobil Financial Performance, 2006 – 2015 […]

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IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

IEEFA Report: Red Flags on ExxonMobil: Core Financials Show a Company in Decline

Potentially Irreversible Slide; Falling Revenues, Rising Debt, Shrinking Capex, Weak Cash Balances Add to Growing Reputational Risk Tied to Climate-Change Controversy; ; Institutional Investors Owe Their Shareholders a Fiduciary Review

CLEVELAND, Oct. 26, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis (IEEFA) published a report today that indicates deep financial weaknesses at ExxonMobil (XOM) and suggests the company is in potentially irreversible decline. The report—“Red Flags on ExxonMobil (XOM)”—by IEEFA Director of Finance Tom Sanzillo, cites key metrics that include a 45 […]

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Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Material Risks: How public accountability is slowing tar sands development (pdf) By: Tom Sanzillo (IEEFA), Lorne Stockman (Oil Change International), Deborah Rogers (Energy Policy Forum), Hannah McKinnon (Oil Change International), Elizabeth Bast (Oil Change International), and Steve Kretzmann (Oil Change International)

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Briefing note: Fossil fuels, energy transition, and risk

Briefing note: Fossil fuels, energy transition, and risk

Briefing note: Fossil fuels, energy transition, and risk (pdf) By Tim Buckley,  Director of Energy Resource Studies, Australasia, IEEFA

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More News and Commentary

The Exxon Email Trail

Associated Press: Democratic Massachusetts Attorney General Maura Healey is asking Exxon Mobil to preserve all alias email accounts of company executives. Massachusetts and New York are investigating whether Exxon misled investors and the public about the risks climate change posed for the oil and gas company. Monday’s letter comes after it was disclosed former Exxon […]

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Exxon’s Latest Headline-Risk Wrinkle: Rex Tillerson’s Secret Emails

InsideClimate News: While he was chief executive of ExxonMobil, current secretary of state Rex Tillerson used an alias email account for eight years to discuss climate change and the risks it posed to the company’s business, according to investigators for New York Attorney General Eric Schneiderman. Those investigators say the company concealed the shadow emails […]

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IEEFA Exxon: White House’s Endorsement Is Just More Evidence of Distress

IEEFA Exxon: White House’s Endorsement Is Just More Evidence of Distress

Stock Hits 52-Week Low; Turnaround Plan Is Questionable; Buyers Beware

ExxonMobil’s deteriorating financial condition is on full view today after its stock opened at a 52-week low on news of lower oil prices. Investors, it’s safe to say, have met the company’s recent announcement of new capital investment with skepticism. ExxonMobil’s stock has now fallen by 15 percent just since this past December, a period in […]

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IEEFA Update: Wall Street Gets the Exxon Heebie-Jeebies

IEEFA Update: Wall Street Gets the Exxon Heebie-Jeebies

Skeptical Oil Industry Analysts Greet a Changing of the Guard

News of note this week on sentiment toward ExxonMobil comes by way, among others, of the Wall Street Journal: “Exxon has lost cachet among institutional investors in recent years: Most portfolios hold a smaller proportion of Exxon stock than its relative size in the S&P 500 index, according to Evercore ISI analyst Doug Terreson.” “This […]

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On the Blogs: Why Oil Markets Are in Decline

The Energy Mix: A spate of reserve write-downs by global oil giants over the last 24 months, culminating in ExxonMobil’s recent removal of 3.5 billion barrels of Canadian tar sands/oil sands crude from its listed holdings, is part of an overall global retraction in reserve claims driven by forces beyond the industry’s control, the Institute […]

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Exxon’s Climate-Risk Problem

From the Huffington Post: As recently as 2016, Exxon Mobil was still paying millions to groups that either question fossil fuels’ role in climate change or deny the science outright. During the last two election cycles, the firm donated heavily to Republicans, who remain one of the only major political parties in the world to […]

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IEEFA Exxon: Questions, More Questions

What, Really, Is the Future of the Oil Industry? And How Believable Are Company Projections?

Much will be written this week about the oil industry’s abandonment of key reserves in its oil sands holdings. ExxonMobil is suddenly smaller than it was. So is Canada’s energy industry, and so are world oil markets. All said, the oil industry, globally speaking, has recently now lost about 10 percent of its proven and […]

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Oil Companies Begin to Consider ‘Eventual Abandonment’ of Reserves

Sarah Kent, Bradley Olson and Georgi Kantchev for the Wall Street Journal: A new era of low crude prices and stricter regulations on climate change is pushing energy companies and resource-rich governments to confront the possibility that some fossil-fuel resources will remain in the ground indefinitely. In a signal that the prospect is growing more […]

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ExxonMobil’s Many Woes

Bradley Olson for the Wall Street Journal: Exxon Mobil Corp. said Tuesday it wrote down the value of more than $2 billion in U.S. assets, departing from decades-long practice amid an investigation by securities regulators, as the world’s largest publicly traded oil company posted its lowest yearly earnings in 20 years. The move follows an […]

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IEEFA Update: Exxon Trouble

More Stranded Assets Loom as Market Shift Continues

In writing off a couple of billion dollars of difficult-to-tap Rocky Mountain gas holdings, ExxonMobil this morning is diverting attention from key bigger-picture truths. More write-downs loom, and will probably come sooner than later, including on the company’s 4.6 billion barrels of sand-locked oil in Canada. We expect that particular chunk of the ExxonMobil stranded-asset portfolio […]

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