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LNG shipping stocks: Red is back | Hellenic Shipping News Worldwide

LNG shipping stocks: Red is back | Hellenic Shipping News Worldwide
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MoA - March 2005

MoA - March 2005
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Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM) - Becoming Green Is Not an Easy Task For Oil Companies


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Exxon Mobil Corporation (NYSE: XOM) has revealed its new five-year climate change plan to be in line with the Paris Agreement reduction targets. But the reaction has been muted, as these small, yet meaningful, reductions put them more in line with
Chevron (NYSE: CVX), which is not exactly a leader in this either.
Nonetheless, the plan reflects the current environment for oil and gas companies. They know they will have to evolve in order to survive.
One of the main issues troubling the energy sector is low oil and natural gas price, which is caused by the massive decrease in demand. This decline was caused by the economic slowdown, triggered by the coronavirus pandemic. Unfortunately, this might not even be the biggest issue. ....

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