Now that activist investors have convinced most major corporations to disclose their climate risks, investors have begun to press them for mitigation, and some activist investors report seeing results.
The Anglo-Dutch oil giant ranked 11th among all companies on the list, up from 20th last year, mostly because of higher sales due to lofty commodity prices.
The Trump Administration is trying its best to boost oil and gas production from the Gulf of Mexico. It will be years before we know the results.
Both companies announced Friday that their quarterly earnings increased by around 50% thanks to higher oil prices, but ExxonMobil beat analyst expectations and had a cleaner quarter overall.
Saudi's decision to cede market share in exchange for higher crude prices is a boon for the industry.
If it keeps 60% of the new pipeline entity, the British oil giant could bring in cash proceeds of $600 million plus transfer $500 million in debt, which would reduce its liabilities by $1.1 billion.
A decade ago the fear was Peak Oil supply. Now the energy giants fret Peak Demand. Smart companies will be ready for anything.
Had former Venezuelan President Hugo Chávez managed the country's oil industry differently, the country might not find itself in its current dire predicament.