Despite a generally tough year for oil stocks, ExxonMobil and Chevron are showing resilience against market volatility, bolstered by rising crude oil futures and favorable geopolitical factors.
Federal prosecutors are trying to extradite an Israeli private investigator, Amit Forlit, who allegedly orchestrated a hacking campaign aimed at American climate activists.
Exxon and Chevron are sticking to their core oil and gas strategy while getting bigger in some of the best assets globally. The near-term outlook for oil and gas feels soft, especially with OPEC poised to move more barrels onto the market.
"For decades, ExxonMobil has been deceiving the public to convince us that plastic recycling could solve the plastic waste and pollution crisis when they clearly knew this wasn't possible," Bonta said in a statement picked up by KGO. "ExxonMobil lied to further its record-breaking profits at the expense of our planet and possibly jeopardizing our health."