‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.
Posted on AllSides December 10th, 2020
From The Left
HOUSTON — Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles of money.
But suddenly Exxon is slipping badly, its long latent vulnerabilities exposed by the coronavirus pandemic and technological shifts that promise to transform the energy world because of growing concerns about climate change.
The company, for decades one of the most profitable and valuable American businesses, lost $2.4 billion in the first nine months of the year, and its...
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