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Exxon appoints new shale oil head amid assault charge

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Exxon Mobil Corporation has announced the appointment of a new leader for its shale oil division as the current executive faces an assault charge.

The move comes as the energy giant seeks to maintain stability and uphold its reputation amidst a challenging period.

The incoming chief, Robert Anderson, brings a wealth of experience in the energy sector, having served in various roles within Exxon over the past two decades. He is tasked with overseeing the company’s shale oil operations, which play a pivotal role in its overall energy portfolio.

The outgoing executive, Sarah Mitchell, is currently embroiled in legal proceedings related to an alleged assault incident. Exxon has stated its commitment to fully cooperating with the authorities and ensuring a fair and just resolution of the case.

Exxon’s decision to appoint Anderson is seen as a strategic move to ensure the continuity of its shale oil operations, which have become increasingly important in the company’s strategy to adapt to a changing energy landscape.

 

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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