|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||76.47 - 77.01|
|52 Week Range||76.05 - 93.22|
|PE Ratio (TTM)||31.96|
|Dividend & Yield||3.08 (4.03%)|
|1y Target Est||N/A|
A Harvard study found that Exxon acknowledged humans' role in climate change in research and communications but sowed doubt in advertisements.
Two Harvard University researchers said in a study published on Wednesday they had collected data proving that Exxon Mobil Corp made "explicit factual misrepresentations" in newspaper ads it purchased to convey its views on the oil industry and climate science. In an article in the journal Environmental Research Letters, researchers Geoffrey Supran and Naomi Oreskes said they examined 187 documents, including internal memos, peer-reviewed papers by Exxon scientists and "advertorials" that ran in The New York Times - paid advertisements in the style of opinion pieces. Supran and Oreskes said that as early as 1979, Exxon scientists acknowledged burning fossil fuels was adding more carbon dioxide to the atmosphere and causing global temperatures to rise, but they said the company's position in newspaper ads remained significantly different by consistently asserting doubt about climate science.
Chevron is reportedly looking to replace its CEO, and top contender comes from its chemicals and refining business — historically, a line where penny-pinching is the norm.