Exxon Engages In Discussions To Join UN-Led Methane Reporting Agreement: Report
Portfolio Pulse from Nabaparna Bhattacharya
Exxon Mobil Corporation is reportedly planning to join a U.N.-led initiative that mandates more detailed disclosure of its global methane output. This move signifies a change in direction for Exxon, which has previously hesitated to undergo external assessments of its greenhouse gas emissions reduction initiatives. The decision is reportedly influenced by the Pioneer Natural Resources Company deal. Exxon and Chevron Corporation are part of the Oil and Gas Climate Initiative, a consortium of oil companies with self-imposed emissions targets.
October 20, 2023 | 1:27 pm
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Chevron Corporation, along with Exxon, is part of the Oil and Gas Climate Initiative, a consortium of oil companies with self-imposed emissions targets.
Chevron Corporation, along with Exxon, is part of the Oil and Gas Climate Initiative. However, it's unclear how this will impact Chevron's short-term stock performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Pioneer Natural Resources Company's deal with Exxon is reportedly influencing Exxon's decision to join the U.N.-led initiative.
Pioneer Natural Resources Company's deal with Exxon is reportedly influencing Exxon's decision to join the U.N.-led initiative. However, it's unclear how this will impact Pioneer's short-term stock performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Exxon's decision to join the U.N.-led initiative could improve its public image and potentially attract environmentally conscious investors.
While Exxon's decision to join the U.N.-led initiative could improve its public image and potentially attract environmentally conscious investors, it's unclear how this will impact the company's short-term stock performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100