Vincent Boland: Exxon loses its way as oil giant goes from leader to laggard
Climate change is now about business rather than emotion and Exxon-Mobil must reinvent itself if it is to catch up with its rivals in the transition to clean energy
Once upon a time, when Big Oil was in its pomp, it must have been fun to work at ExxonMobil.
For decades, the Texas oil giant was one of the world’s richest companies, its value on the stock market reaching $500 billion at one point. In 2008, it had revenues of $425 billion and profits of $45 billion, and it generated more barrels of oil every day than some oil-producing states.
Exxon’s army of mostly male employees,...
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Vincent Boland: Naive Cameron’s bromance ends in controversy and recrimination
The scandal currently consuming David Cameron is an example of what can happen when a financier with a big idea encounters a captive audience unable to figure it out
Vincent Boland: Hope has turned into expectation: we will overcome this pandemic
The early days of the Covid-19 pandemic were dominated by loudmouths, incompetents and populists. Then the serious people took over
Vincent Boland: Booby traps could explode the myths around the big banks
The world’s top lenders assure us they’re stronger than they were in 2008. But if Credit Suisse and Nomura can get caught on the losing side of a little forced equity-selling, what else are they doing wrong?
Vincent Boland: Hunting in Spacs – the craze sweeping the stock markets
The special purpose acquisition company phenomenon is an asset class in search of assets and its emergence is hardly surprising, given the IPO market’s structural problems, but these issues must be sorted out once and for all