• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Why hydrogen economics is does not work
  • 8 hours Starvation, horror in Venezuela
  • 3 hours The EU Loses The Principles On Which It Was Built
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 5 hours Crude Price going to $62.50
  • 14 hours Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 7 hours Chinese EV Startup Nio Files for $1.8 billion IPO
  • 18 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 7 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 19 hours Correlation does not equal causation, but they do tend to tango on occasion
  • 1 day WTI @ 69.33 headed for $70s - $80s end of August
  • 18 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 20 hours Monsanto hit by $289 Million for cancerous weedkiller
  • 1 day California Solar Mandate Based on False Facts
Alt Text

The Oil Bulls Are Back

Oil markets had a bullish…

Alt Text

Analysts: SPR Release Won’t Lower Gasoline Prices

U.S. drivers are unlikely to…

Alt Text

Oil Prices Take A Breather As Supply Jumps

Oil markets took a breather…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Exxon Gets Liberal with Same-Sex Benefits

Exxon Gets Liberal with Same-Sex Benefits

Oil giant ExxonMobil—long criticized for its policies on gay and lesbian workers—has turned a new policy leaf in the liberal direction by extending employee benefits to married , same-sex couples.

Effective as of 1 October,  if a gay employee has been married in a state or country in which such marriage is legal, his or her spouse will be eligible for benefits from Exxon starting next year. Benefit entitlements will be the same as those for straight couples.

The company currently extends benefits to some 77,000 workers and retirees in the US, and its managers say the move was a simple measure on trend with national legislation.

Related article: Kashagan: A Giant in the (Painfully Slow) Making

Currently facing a same-sex discrimination lawsuit in Illinois, the new benefits policy will bring ExxonMobil in line with federal agencies, including Internal Revenue Service, the Department of Homeland Security and the Treasury Department.

“Spousal eligibility in our US benefit plans has been and continues to be governed by the federal definition of marriage and spouse,” the company said in a statement. It also said that it provided benefits to same-sex spouses in 30 countries outside the US.

The federal government itself has begun to issue rule changes and guidance on the treatment of same-sex couple following a landmark Supreme Court decision in June to strike down the Defense of Marriage Act.

Exxon’s move will boost its standing among human rights advocates, who have consistently ranked the company one of the worst in terms of corporate equality.

But the euphoria is cautious.  The Human Rights Campaign still foresees a low rating on the corporate equality index for ExxonMobil.

Related article: This Week in Energy: Europe Doomed without Fracking?

“My response is tempered,” Deena Fidas of HRC told reporters. “These are not domestic partner benefits. The reality is still ExxonMobil has consistently refused to amend their equal opportunity policy.”

As of the beginning of this year, 89% of U.S. companies provide health benefits to same-sex couples.

Advocates of the lesbian, gay, bisexual and transgender community, known as LGBT, heralded the move as a victory.

On the other side of the divide, conservative groups are criticizing the move and calling upon the shareholders to speak out. At the latest shareholders’ meeting, 81% of them had voted against awarding benefits based on same-sex behavior.

By. Charles Kennedy of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News