Part of the U.S. burns, part floods, as Exxon Mobil doubles down on fossil fuels
Part of the U.S. burns, part floods, as Exxon Mobil doubles down on fossil fuels
America’s biggest oil company is in big trouble, and its struggle reflects a widening gap in the U.S. oil patch over how quickly the country will shift from fossil fuels to renewables.
It’s been a rough year for Exxon Mobil, which reported back-to-back quarterly losses and which in August was ousted from the Dow Jones Industrial Average, America’s preeminent stock market index, afte...