April 13, 2018
By Doug Stanglin
The supreme court of Massachusetts (click here) ruled against Exxon Mobil on Friday in the oil and gas giant's efforts to prevent the state from obtaining internal documents for its investigation into whether the company misled investors and the public about the risks of climate change.
The state attorney general's office began investigating Exxon following the publication of leaked documents in 2015 that appeared to show the company knew of the significant role that burning fossil fuels played in climate change.
The documents were initially published in an investigative report by InsideClimate Times and later by the Los Angeles Times.
The Massachusetts Supreme Judicial Court ruled that attorney general Maura Healey had the jurisdiction to investigate alleged climate-related offenses by Exxon, including whether the company violated the state's consumer protection laws in its marketing of products.
"The Attorney General's investigation concerns climate change caused by manmade greenhouse gas emissions — a distinctly modern threat that grows more serious with time, and the effects of which are already being felt in Massachusetts," the court said. "More particularly, the investigation is premised on the Attorney General's belief that Exxon may have misled Massachusetts residents about the impact of fossil fuels on both the Earth's climate and the value of the company."...
Investments in a company aren't always about the money, it is often in the year 2018 about conscience.
January 10, 2017
We issued (click here) an updated research report on leading integrated energy player, Exxon Mobil Corporation (XOM) on Jan 9, 2017.
Exxon Mobil is the world’s best run integrated oil company based on its track record of high return on capital employed. However, the company’s dividend yield is among the lowest in the industry.
As a result, Exxon Mobil carries a Zacks Rank #3 (Hold), implying that the stock will perform in line with the broader U.S. equity market over the next one to three months....
