Exxon is suing California, claiming new climate laws infringe on its free speech rights. The oil giant argues that mandatory disclosures on emissions misrepresent its operations, sparking a heated legal battle over corporate transparency and environmental accountability.
ExxonMobil has filed a lawsuit against California's controversial emissions reporting laws, claiming they violate its free speech rights. The company argues the laws unfairly target it as a major polluter and require misleading disclosures.
Chevron is pivoting from aggressive growth to focusing on profitability in the Permian Basin. With its recent $53 billion Hess deal, the company aims to streamline operations and maximize cash flow while maintaining stable production.
Chevron CEO Mike Wirth is banking on a massive acquisition in Guyana's Stabroek Block to rejuvenate the company's performance, amidst legal battles with Exxon and CNOOC over preemptive rights.
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