Exxon, which usually avoids writing down assets, has announced its largest-ever impairment after canceling plans for natural gas projects in the Americas. Read More
When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty. Read More
In a three-week trial, New York state prosecutors argued that the oil company had downplayed the financial risks it faces from possible climate regulation. Attorney General Letitia James said doing so made Exxon's assets appear more secure than they really were, which in turn affected its share price and defrauded investors.Read More
