Exxon Mobil Sees A Drop In Its Profits & Stock Price
Profits down. Stocks falling. Exxon Mobil is facing a downhill journey with its market suffering largely. The annual meeting witnessed a debate where experts said the downgrade is more likely because of climatic conditions.
Shareholder activists are nudging the oil & gas company to reveal what exactly is happening. Whether it is the regulations designed to reduce carbon emissions or anything else damaging the body. There is also a substantial push on Exxon to clarify their methods of preventing methane emissions from hydraulic fracturing, or fracking, while it drills oil and gas wells.
Replacing the now state secretary in the Trump administration, Rex Tillerson, as CEO, Darren Woods, will be marking his presence for the first time since his appointment.
Image Source: REUTERS/ Sebastien Pirlet