XOM Sep 2024 110.000 put
- Reuters
Firm building QatarEnergy-Exxon LNG plant in Texas files for bankruptcy
HOUSTON (Reuters) -The lead contractor building a Texas liquefied natural gas (LNG) plant for QatarEnergy and Exxon Mobil on Tuesday filed for Chapter 11 bankruptcy protection, citing challenges at the project. Zachry Holdings, which held the lion's share of the $10 billion construction project called Golden Pass LNG, said it was pursuing a "structured exit." Exxon said it would review construction timing and provide an update in the future.
- Reuters
US state officials urge votes against directors as Exxon sues climate activists
(Reuters) -A group of state financial officers and other public and labor leaders called on Tuesday for major asset managers to vote against top Exxon directors, citing the U.S. oil company's ongoing lawsuit against climate activists. The group including New York City Comptroller Brad Lander and the state treasurers of Connecticut, Nevada and other states called for votes against Exxon CEO and chair Darren Woods and the company's lead independent director Joseph Hooley, saying in a statement Exxon's suit would "undermine shareholder rights." The group named BlackRock, JPMorgan and Goldman Sachs among the managers whose support it sought.
- Barrons.com
Why Jamie Dimon’s Buyback Bombshell Is a Warning for Stocks, and 5 Other Things to Know Before the Market Opens
Norwegian Cruise Line soars on profit guidance, Red Lobster bankruptcy blamed on shrimp promotion, Exxon dispute with activists draws in Calpers, and other news to start your day.
