Rockefeller family

Petrolina acquires Esso in Cyprus

Petrolina has successfully acquired ExxonMobil Cyprus Limited, the company behind the Esso brand in Cyprus, for 48.6 million euros. This deal, which was finalized on Wednesday through PHL's fully owned subsidiary, Med Energywise, marks a significant expansion for Petrolina in the local oil market.

Wall Street giants move to rescue First Republic Bank

America's largest banks moved on March 16 to shore up First Republic, easing fears that the regional lender could be the next domino to fall after collapses including Silicon Valley Bank.

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.

ExxonMobil reports record profits of $55.7 bln in 2022

Alamy Photo

ExxonMobil reported record annual profits of $55.7 billion in 2022 on Jan. 31, reflecting higher commodity prices amid recovering demand and the impacts of Russia's invasion of Ukraine.

In the fourth quarter, profits rose 43.7 percent to $12.8 billion, thanks to higher oil and natural gas prices and better refining margins compared with the year-ago period.

Exxon hid the truth for 50 years

Numerous internal documents and scientific research have already shown that "Exxon" was very well aware of the dangers caused by global warming as early as the early 1970s, with solid evidence that the oil industry knew about the risk even earlier - as documents from the 1950s show.

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