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Keyword: exxon

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  • Exxon ordered to turn over 40 years of climate change research

    01/12/2017 9:20:38 AM PST · by rightwingintelligentsia · 47 replies
    CNN Money ^ | January 12, 2017 | Matt Egan
    ExxonMobil has lost a key battle in an investigation into whether the oil giant misled the public about the dangers of climate change. A Massachusetts judge ordered Exxon (XOM) on Wednesday to hand over more than four decades of the company's climate change research. The court rejected Exxon's emergency motion to kill the demand from Massachusetts Attorney General Maura Healey, who is investigating allegations the company ignored internal scientific research going back to the 1970s. The ruling came on the same day that longtime Exxon boss Rex Tillerson was being grilled by Congress about the company's climate change tactics at...
  • LA Times: California’s Next AG Must Take On Exxon’s Climate History

    12/31/2016 9:45:15 AM PST · by rktman · 28 replies
    dailycaller.com ^ | 12/30/2016 | Chris White
    The Los Angeles Times thinks California’s next attorney general must place the investigation into Exxon Mobil’s climate change research at the top of their “to do” list. Whoever becomes California’s next attorney general will have to address the probes and allegations that Exxon lied to the public and investors at the seriousness of man-made global warming, the LA Times editorial board wrote Friday.
  • Exxon CEO is now Trump's secretary of state favorite - transition official

    12/10/2016 7:26:04 AM PST · by SeekAndFind · 23 replies
    Reuters ^ | 12/10/2016 | Steve Holland
    Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said. Trump met Tillerson on Tuesday and may talk to him again over the weekend, the official said. Trump appears to be in the final days of deliberations over his top diplomat with an announcement possible next week. Tillerson's favored status was revealed as former New York Mayor Rudy Giuliani formally withdrew from consideration for secretary of state. The transition official, who spoke on condition of anonymity, said Tillerson, 64, had moved ahead in...
  • Exxon CEO Rex Tillerson Is Now Interviewing to Be Donald Trump’s Secretary of State

    12/05/2016 5:08:28 PM PST · by springwater13 · 68 replies
    Rex Tillerson, Exxon Mobile’s XOM 0.51% CEO, is in the running for a new job: Donald Trump’s Secretary of State. The Wall Street Journal, citing an unnamed transition adviser, reports that the energy executive is set to set to meet with Trump for an interview this week. Tillerson’s interview comes after Trump aides said the President-elect had settled on four finalists. But Trump adviser Kellyanne Conway said Sunday that “there’s not a finite list of candidates,” adding that there’s “more than four.” Most notably, Trump is considering 2012 Republican presidential nominee Mitt Romney and former New York City Mayor Rudy...
  • Judge orders Democratic AGs leading Exxon climate-change probe to appear for depositions

    11/18/2016 12:00:14 PM PST · by Brad from Tennessee · 7 replies
    Washington Times ^ | November 18, 2016 | By Valerie Richardson
    A federal judge has advised two Democratic attorneys general leading the charge against ExxonMobil to appear for pretrial testimony on their climate-change investigations. New York Attorney General Eric Schneiderman and Massachusetts Attorney General Maura Healey are scheduled to undergo depositions by Exxon attorneys on Dec. 13 in Dallas, according to the Thursday order by U.S. District Court Judge Ed Kinkeade. Exxon is challenging the prosecutors’ subpoenas demanding thousands of documents and communications related to probes into whether the company committed fraud by misleading the public about its research on global warming. Exxon has argued that the investigations are politically motivated...
  • AG targets 90 conservative groups in controversial climate change probe (Virgin Islands)

    05/04/2016 3:02:48 PM PDT · by 2ndDivisionVet · 14 replies
    Fox News Politics ^ | May 4, 2016 | Lachlan Markay, the Washington Free Beacon
    The attorney general of the U.S. Virgin Islands is targeting dozens of conservative and libertarian organizations in a racketeering lawsuit against climate change skeptics that has been widely described as an effort to silence political opponents. In a subpoena issued in March, the office of USVI attorney general Claude Walker demanded from Exxon Mobil copies of communications between the oil company and 90 different political and policy organizations “and any other organizations engaged in research or advocacy concerning Climate Change or policies.” The subpoena was part of a national, coordinated legal campaign by state attorneys general and left-wing advocacy groups...
  • Judge will let Exxon question climate-change investigation

    10/13/2016 4:28:45 PM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Oct 13, 2016 7:19 PM EDT
    A federal judge has opened the way for Exxon Mobil Corp. to seek documents and question witnesses who may help the Massachusetts Attorney General Maura Healey investigate whether the company hid what it knew about climate change. U.S. District Court Judge Ed Kinkeade in Dallas said Thursday that critical comments Healey made at a news conference raised the possibility that she acted in “bad faith” by issuing a subpoena against the company. Healey and New York’s attorney general have accused Exxon of committing securities fraud by misleading investors and the public about what the company knew about the link between...
  • Is ExxonMobil Actually Only Worth A Fraction Of What It Says?

    08/22/2016 9:56:17 AM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 22-06-2016 | OP
    The investigation by a handful of attorneys general into ExxonMobil has much more to do with the oil major misleading investors than it does about covering up climate science. The legal headache stems from several news reports that ExxonMobil buried decades of internal climate science in order to protect its interests. That has environmental groups crying foul, blaming the oil company for decades of policy inaction to stop the growth of greenhouse gas emissions. That also was a key reason that New York attorney general Eric Schneiderman, along with several other AGs from different states, opened up an investigation into...
  • Jill Stein Promises To PROSECUTE Exxon Over Global Warming ‘Lies’

    08/11/2016 9:21:12 AM PDT · by rktman · 57 replies
    dailycaller.com ^ | 8/11/2016 | Michael Bastasch
    Green Party presidential candidate Jill Stein promised to prosecute the oil company ExxonMobil for “lying” to the public about global warming. Stein’s promise comes after Democratic lawmakers have been urging the Obama administration and state attorneys general to investigate Exxon for allegedly misleading the public about global warming by funding groups skeptical of government climate regulations. My attorney general will prosecute Exxon for lying to the world about climate change. We need to end fossil fuels before it’s too late. — Dr. Jill Stein (@DrJillStein) August 11, 2016
  • Exxon Misses Estimates By A Mile, Plunges To Two-Month Lows

    07/29/2016 9:09:34 AM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 29-07-2016 | Big Oil
    ExxonMobil reported on Friday earnings of US$1.7 billion for the second quarter, a 59-percent tumble on the year, amid sharply lower commodity prices and weaker refining margins. Earnings per share assuming dilution fell to US$0.41 from US$1.00 for the second quarter last year, missing Thomson Reuters’ analyst expectations of US$0.64 earnings per share. Upstream earnings plummeted by US$1.7 billion, to US$294 million in the second quarter of 2016, and the U.S. upstream segment posted a loss of US$514 million, swelled from a loss of US$47 million in the second quarter of 2015. Non-U.S. upstream earnings tumbled by US$1.3 billion, to...
  • New York AG refuses to comply with U.S. House subpoena on Exxon probe

    07/26/2016 5:09:33 PM PDT · by Red in Blue PA · 18 replies
    WASHINGTON, July 26 (Reuters) - New York state's attorney general on Tuesday said his office will not comply with a subpoena issued by U.S. congressmen for details on its probe of whether Exxon Mobil misled investors on climate change risks, saying it interferes with the state's "sovereign" interests. The move by New York Attorney General Eric Schneiderman is the latest in the escalating political and legislative fight over Exxon Mobil and investigations on whether the oil giant knowingly misled shareholders and the public on climate change. Earlier this month, the U.S. House of Representatives committee on science, space and technology...
  • Exxon And BP Battle For ‘Oil contract Of The Century’

    07/04/2016 11:54:13 AM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 04-07-2016 | Zainab
    ExxonMobil and British Petroleum have been facing off over the terms of the renewal of the “contract of the century” in Azerbaijan, according to sources that spoke to Reuters. BP currently operates the Azeri-Chigar-Guneshi fields in the middle of the Caspian Sea—a region that contributes a tenth of the firm’s global output. The British company has reportedly agreed with the Azeri government on the terms of a 30-year contract, but in an effort to expand its presence in the ACG region, Exxon has been pushing for a piece of the $100 billion pie.
  • Exxon Refuses To Bow Down To The Climate Fascists

    06/25/2016 10:10:23 AM PDT · by rktman · 31 replies
    capitalismmagazine.com ^ | 6/21/2016 | Jaana Woiceshyn
    Many oil companies succumb to the pressure from environmental activists and the media and join the fight against ‘climate change,’ or at least make motions to appear to do so. Not Exxon Mobil. In a previous column, I applauded CEO Rex Tillerson for refusing to climb on the climate change band wagon and for focusing on producing energy from fossil fuels—on which all of us depend—instead. Tillerson and Exxon have not lost their integrity: they are steadfastly holding on to the principles they know their existence and successful value creation depend on, such as the right to liberty, and more...
  • For The First Time Since The Great Depression, Exxon Mobil Loses 'AAA' Rating

    04/26/2016 10:10:18 AM PDT · by Nachum · 13 replies
    zero hedge ^ | 4/26/16 | tyler durden
    Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative watch), citing concern that credit measures would remain weak through 2018. Credit measures will be weak for a AAA rating due, in part, to low commodity prices, high reinvestment requirements and large dividend payments, S&P says. Maintaining production and replacing reserves will eventually require higher spending, S&P says. Greatest business challenge is replacing co.’s ongoing production, S&P says....
  • Rockefeller Family Fund hits Exxon, divests from fossil fuels

    03/23/2016 5:03:41 PM PDT · by Red in Blue PA · 44 replies
    HOUSTON/NEW YORK (Reuters) - The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp , saying the oil company associated with the family fortune has misled the public about climate change risks. Though only a sliver of the endowment's modest $130 million in assets is invested in fossil fuels, the move is notable because a century ago John D. Rockefeller Sr. made a fortune running Standard Oil, a precursor to Exxon Mobil. The charity said it will also divest from coal and Canadian oil sands. Given...
  • State Attorney General Climate Change Investigations are Unconstitutional

    01/28/2016 6:11:36 AM PST · by reaganaut1 · 14 replies
    American Spectator ^ | January 27, 2016 | Hans Bader
    Should government officials be able to cut off donations to groups because they employ people disparaged as "climate change deniers," even if the group in question is a think tank that studies a wide range of topics, only a few of which relate to climate change at all, and the "denial" in question includes telling politically inconvenient truths about the cost of proposed climate change legislation? Only a single-issue zealot with ideological blinders and a contempt for the First Amendment would think so. But that hasn't stopped New York Attorney General Eric Schneiderman and California Attorney General Kamala Harris investigating...
  • Breaking: Man who allegedly met with terrorist Atta has been caught (Iraqi connection to 9/11?)

    07/08/2003 3:55:36 PM PDT · by rwfromkansas · 167 replies · 943+ views
    CBS News' David Martin | July 8, 2003 | myself
    On the CBS Evening News a bit ago, reporter David Martin broke an exclusive that the Iraqi leader who may have met with Mohamed Atta in Prague prior to his terrorist attack on 9/11 has been caught. It will be interesting to see if he says anything.
  • Pressure Builds to Probe Exxon Climate Claims

    11/09/2015 4:49:44 AM PST · by kristinn · 21 replies
    The Hill ^ | Monday, November 9, 2015 | Timothy Cama
    The Obama administration is under increasing pressure to investigate allegations that Exxon Mobil Corp. misled the public about its knowledge of climate change. All of the Democratic candidates for president have called on the Justice Department to launch an investigation, joining a number of Dem lawmakers and major environmental groups. Some are also pushing for the Securities and Exchange Commission (SEC) to probe whether the company broke federal law. The pressure on the feds to act only intensified on Nov. 5 when it was revealed that New York Attorney General Eric Schneiderman had launched his own probe. The allegations are...
  • Exxon Under Attack for Exercising Prudence

    11/07/2015 7:15:08 AM PST · by bestintxas · 16 replies
    am spectator ^ | 11/6/15 | H. Sterling Burnett
    At the behest of radical environmentalists, Democrats on the House Oversight and Government Reform committee are pushing the Securities and Exchange Commission and the Justice Department to investigate ExxonMobil for its views on climate change. Exxon’s crime? During the 20 years the company has employed scientists to analyze the science and potential risks of climate change, some of those scientists concluded humans were causing potentially dangerous warming while others concluded humans were not causing a global warming crisis. Tolerating disagreement and making tough business decisions is not lying, but rather prudence. As Heartland Institute Senior Fellow James Taylor, my colleague,...
  • More Oil Companies Could Join Exxon Mobil as Focus of Climate Investigations

    11/06/2015 9:05:16 AM PST · by reaganaut1 · 18 replies
    New York Times ^ | November 6, 2015 | CLIFFORD KRAUSS
    HOUSTON -- The opening of an investigation of Exxon Mobil by the New York attorney general's office into the company's record on climate change may well spur legal inquiries into other oil companies, according to legal and climate experts, although successful prosecutions are far from assured. Many oil companies have funded lobbying efforts and research on climate change, so prosecutors would most likely be able to search through vast amounts of material. The industry has also resisted pressure for years from environmental groups to warn investors of the risks that stricter limits on carbon emissions could have on their businesses,...
  • NY attorney general to investigate Exxon for denying climate change

    11/06/2015 7:49:50 AM PST · by rktman · 27 replies
    americanthinker.com ^ | 11/6/2015 | Rick Moran
    For the last few years, climate hysterics have demanded that government prosecute those who disagree with their notions of climate change. The New York Times is reporting that New York's attorney general has opened an investigation into ExxonMobil, accusing the oil company of making false statements about climate change to its investors while its scientists were telling company officials of the dangers of global warming.
  • Exxon Mobil Under Investigation in New York Over Climate Statements

    11/05/2015 12:10:39 PM PST · by reaganaut1 · 58 replies
    New York Times ^ | November 5, 2015 | JUSTIN GILLIS and CLIFFORD KRAUSS
    The New York attorney general has begun a sweeping investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how those risks might hurt the oil business. According to people with knowledge of the investigation, Attorney General Eric T. Schneiderman issued a subpoena Wednesday evening to Exxon Mobil, demanding extensive financial records, emails and other documents. The focus includes the company’s activities dating to the late 1970s, including a period of at least a decade when Exxon Mobil funded groups that sought to undermine climate science. A...
  • Global Warming: A $1.5 Trillion Industry

    08/09/2015 11:12:56 PM PDT · by Up Yours Marxists · 11 replies
    Power Line ^ | August 10, 2015 06:12 UTC | John Hinderaker
    The Climate Change Business Journal has calculated that global warming is now a $1.5 trillion a year industry. The Business Journal’s report is not available for free online, but its findings are reviewed by the Insurance Journal. They are eye-opening, to say the least: The $1.5 trillion global “climate change industry” grew at between 17 and 24 percent annually from 2005-2008, slowing to between 4 and 6 percent following the recession with the exception of 2011’s inexplicable 15 percent growth, according to Climate Change Business Journal. The San Diego, Calif.-based publication includes within that industry nine segments and 38 sub-segments....
  • New Scrutiny of the Flow of Iraqi Oil to American Consumers

    10/11/2004 6:17:18 AM PDT · by OESY · 4 replies · 1,129+ views
    New York Times ^ | October 11, 2004 | SIMON ROMERO and SCOTT SHANE
    As Saddam Hussein pressed the United Nations oil-for-food relief program for more money that he used to buy banned weapons, an unwitting ally may have been the American driver. Almost until the eve of the invasion of Iraq in March 2003, American oil companies were among the largest purchasers of Iraqi crude oil. The role that the companies, including ExxonMobil and ChevronTexaco, played in the oil-for-food program is now coming under greater scrutiny in the wake of a report by the chief arms inspector for the Central Intelligence Agency that disclosed how extensively Mr. Hussein was abusing profits from the...
  • Exxon Mobil gets DOE approval for wider LNG exports at Alaska terminal

    06/02/2015 8:05:03 AM PDT · by thackney · 3 replies
    Dallas Business Journal ^ | Jun 1, 2015 | Nicholas Sakelaris
    Irving, Texas-based Exxon Mobil Corp. said June 1 it received authorization to export liquefied natural gas to non-free trade agreement countries at its Alaska LNG terminal. The proposed project received conditional authorization from the U.S. Department of Energy to export up to 20 million metric tons per year of LNG for 30 years. The terminal previously received authorization to export to countries with U.S. trade agreements. “As with any large scale LNG project, access to as many markets as possible will improve the commercial viability of the proposed project,” Steve Butt, Alaska LNG senior project manager, said in a statement....
  • Oil Prices Won’t Recover Anytime Soon Says Exxon CEO

    04/22/2015 2:17:16 PM PDT · by Opintel · 18 replies
    Oilprice.com ^ | 22-04-2015 | Willem van Oranje
    There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down to 954. Domestic crude oil production appears to have plateaued and the EIA expects a contraction in May. Nearly every driller is dramatically scaling back spending, which should increasingly cut into new output. And oil consumption is finally picking up, as drivers far and wide take advantage of cheap fuel. But what if the...
  • Hillary’s Next Scandal to Break Soon…Passenger Lists of Her Flights Ordered Released by Judge

    03/14/2015 4:19:50 AM PDT · by HomerBohn · 108 replies
    Red Statements ^ | 3/14/2015 | Steven Ahle
    Hillary’s ride to 1400 Pennsylvania Avenue just got bumpier. A judge on Friday ordered the State Department to turn over passenger manifests to Citizens United as a result of a FOIA request that State had ignored. The quick ruling appears to show that judges patience for stonewalling by the Obama administration has reached it’s limit and they no longer feel like giving them the benefit of a doubt. Those manifests could bury Hillary 2016 before it even starts. There seems to be a connection between donors to the Clinton Foundation and contracts from foreign countries receiving favorable treatment from the...
  • Exxon, Shell's spending patterns may help them through oil price drop

    03/11/2015 4:53:19 AM PDT · by thackney
    Reuters ^ | March 11, 2015 | Reuters
    The world's two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending. The near halving of oil prices since June is likely to send all the biggest listed oil companies into negative cash flow this year, and has sparked a rush to cut costs across the sector as a result. But depending on where they are in their spending cycles, some companies are finding those cuts easier to make than others. "Both (Exxon and Shell)...
  • Alaska Pipeline Doom sayings Revisited

    01/01/2015 1:50:32 PM PST · by Coleus · 10 replies
    Media Research Center. ^ | 04.19.06 | R. Warren Anderson
    After the discovery of oil in Prudhoe Bay, Alaska, it didnt take long for environmentalists to cry gloom and doom and for the media to hype those claims. From caribou dying to earthquakes to all hell breaking loose, there was no shortage of catastrophic predictions though the Alaska pipeline now boasts great success roughly 30 years later.      Construction on the pipeline began in 1975, and oil first moved through it on June 20, 1977. Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It...
  • Exxon Mobil Shows Rising U.S. Output as Prices Fall

    12/18/2014 1:16:24 PM PST · by Up Yours Marxists · 29 replies
    Salt Lake Tribune ^ | December 18, 2014 14:15 GMT | Joe Carroll (Bloomberg News)
    Crude oil production from U.S. wells is poised to approach a 42-year record next year as drillers ignore the recent decline in price pointing them in the opposite direction. U.S. energy producers plan to pump more crude in 2015 as declining equipment costs and enhanced drilling techniques more than offset the collapse in oil markets, said Troy Eckard, whose Eckard Global owns stakes in more than 260 North Dakota shale wells. Oil companies, while trimming 2015 budgets to cope with the lowest crude prices in five years, are also shifting their focus to their most-prolific, lowest-cost fields, which means extracting...
  • CEO says Exxon Mobil can be “successful” with $40 oil

    12/03/2014 1:58:41 PM PST · by thackney · 23 replies
    Fuel Fix ^ | December 3, 2014 | Joshua Cain
    Exxon Mobil CEO Rex Tillerson said in an interview with CNBC Wednesday that the oil and gas giant could remain “successful” even if oil prices continued to plummet. Tillerson said that because many of the company’s biggest projects take years to complete, Exxon Mobil tests its investment across a range of prices between $120 and $40 per barrel. “All of the investment decisions we take have been tested across a range of pricing that accommodates these types of price swings,” Tillerson said. “What you do is ensure that you can be successful at the bottom of the price swing.” Tillerson...
  • Watch Out, Apple; Microsoft Now Second Most Valuable Company In The World [bumping out Exxon]

    11/17/2014 1:39:54 PM PST · by SeekAndFind · 21 replies
    Inquisitr ^ | 11/17/2014 | Mike Upton
    The air is beginning to get a bit thin for the Redmond tech giant, as reports released Friday showed Microsoft climbing to the number two spot on the list of most valuable companies in the world, bumping out Exxon by roughly $9 billion. The cause for Microsoft and Exxon swapping places is two-fold, in that while the price of oil has been dropping, along with Exxon’s share price, Microsoft has been on the rise since October following reports of strong fiscal first-quarter gains with its cloud computing business at its heart. Microsoft has also been making waves recently with its...
  • Qatar Awareness Campaign – ExxonMobil @StopQatarNow

    10/20/2014 4:39:45 PM PDT · by Randall_S · 2 replies
    NoisyRoom.net ^ | October 20, 2014 | Qatar Awareness Campaign
    Rex W. Tillerson ExxonMobil Corporate Headquarters 5959 Las Colinas Boulevard Irving, Texas 75039-2298 Dear Mr. Tillerson: This letter is being sent to you on behalf of the Qatar Awareness Campaign Coalition. The purpose is to inform you and the public of the activities of Qatar. Of all the American companies currently involved with Qatar, none is more responsible for Qatar’s economic success than ExxonMobil. Indeed, Qatar has the world’s highest per capita GDP, at $102,100 (2013). The United States has two massive military bases in Qatar: Al Udeid, the home of CENTCOM for the region, and As Sayliyah, the largest...
  • Venezuela Ordered To Pay Exxon $1.6B For Nationalization

    10/10/2014 5:18:06 AM PDT · by thackney · 13 replies
    Reuters via Rig Zone ^ | October 09, 2014 | Corina Pons & Alexandra Ulmer
    A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. The amount is far below the up to $10 billion that Exxon had originally sought and the $6 billion at which the World Bank's International Centre for Settlement of Investment Disputes (ICSID) capped the case, excluding a tax claim. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was not carried out contrary to undertakings given to the claimants in this respect and...
  • Rosneft, Exxon (NYSE:XOM) Arctic Well Strikes Oil

    09/28/2014 2:08:02 AM PDT · by GonzoII · 5 replies
    Live Trading News ^ | Sep 28, 2014 | Paul Ebeling
    Russia has discovered what may prove to be a vast deposit of Crude Oil in 1 of the world’s most remote places with the help of America’s largest energy company, Exxon (NYSE:XOM). Russia’s state-run OAO Rosneft (PINK:RNFTF) said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. (NYSE:XOM) struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas. The announcement was made by Rosneft’s CEO Igor Sechin, who spent 2 days sailing on a Russian research ship to the drilling rig where the find was...
  • Exxon Winds Down Russian Drilling Project

    09/21/2014 3:29:10 AM PDT · by WhiskeyX · 6 replies
    The Associated Press ^ | September 19, 2014 | Jonathan Fahey, The Associated Press
    NEW YORK — Exxon Mobil said Friday that it will wind down a drilling project in Russia in compliance with U.S. sanctions, but said it received a license to keep working beyond the sanctions' deadline in order to complete the work. U.S. sanctions against Russia over its involvement in the Ukraine require the removal of U.S. workers on projects in the Russian Arctic and other select locations by September 26.
  • ExxonMobil Spuds in North of Russia, Gathers Praise from Putin

    08/10/2014 9:37:59 AM PDT · by artichokegrower · 4 replies
    gCaptain ^ | August 9, 2014 | Alexei Anishchuk
    U.S. oil giant ExxonMobil began drilling in Russia’s Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by Russia’s president as an model of “cooperation”.
  • Exxon drilling in Russian Arctic shows sanctions on oil lack bite

    08/08/2014 8:16:12 PM PDT · by Citizen Zed · 4 replies
    reuters ^ | 8-8-2014
    On Saturday, Exxon Mobil starts drilling a $700 million well in the Arctic Ocean, showing that for all the talk of action against Vladimir Putin’s oil industry, the largest U.S. energy company is undeterred. As Russia’s relations with Europe and the U.S. deteriorated to the lowest point since the Cold War over the conflict in Ukraine, the European Union imposed a third round of sanctions last week, restricting the export of equipment used for offshore oil production. That doesn’t affect Exxon’s plans because the contract to hire the rig was signed before the measures were announced. Developing the Arctic is...
  • Obama authorizes Iraq strikes to protect Christians, prevent 'genocide'

    08/08/2014 6:56:56 AM PDT · by Oldeconomybuyer · 35 replies
    Reuters ^ | August 8, 2014 | BY RAHEEM SALMAN
    U.S. President Barack Obama authorized air strikes on Iraq to protect Christians and prevent "genocide" of tens of thousands of members of an ancient sect sheltering on a desert mountaintop from Islamic State fighters threatening to exterminate them. The United States began to drop relief supplies to refugees from the ancient Yazidi sect, but there was no sign yet of air strikes, which Obama authorized for the first time since pulling troops out in 2011. ... U.S. oil majors Exxon Mobil and Chevron evacuated expatriate staff from Iraqi Kurdistan on Thursday, industry sources said. Smaller oil companies that operate in...
  • ExxonMobil votes against expanding pro-homosexual employment policy for the 17th time

    05/31/2014 6:40:21 PM PDT · by massmike · 32 replies
    lifesitenews.com ^ | 05/31/2014 | KIRSTEN ANDERSEN
    Homosexual activists are outraged after ExxonMobil once again refused to explicitly include sexual preference in its anti-discrimination policy, marking the 17th time the company has done so. New York State Comptroller Thomas DiNapoli has led the charge to add sexual preference to the gas company’s equal opportunity policies, which currently state that individuals employed by or seeking employment with the corporation will be evaluated without regard to “race, color, sex, religion, national origin, citizenship status, age, genetic information, physical or mental disability, veteran or other legally protected status.” ExxonMobil argues that their “zero-tolerance” standards for discrimination already exceed federal regulations...
  • Why Big Oil Isn't Cheering Higher Oil Prices

    05/14/2014 7:51:31 PM PDT · by ckilmer · 14 replies
    fool.com ^ | May 14, 2014 | Travis Hoium
    Why Big Oil Isn't Cheering Higher Oil Prices By Travis Hoium | More Articles | Save For Later May 14, 2014 | Comments (0)   U.S. stock markets are in a gradual decline today, with the Dow Jones Industrial Average (DJINDICES: ^DJI  ) down 0.6% in late trading as traders sold equities and bought gold and oil. The shiny metal was up $10 in afternoon trading to $1,305 per ounce and oil was up to $102.19 per barrel.You may think higher oil prices would have Big Oil cheering today, but Dow components ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) are respectively...
  • Exxon Mobil bearish on shale drilling abroad

    03/11/2014 8:54:23 PM PDT · by ckilmer · 6 replies
    dallasnews ^ | 12:37 pm on March 5, 2014 | James Osborne
    Exxon Mobil bearish on shale drilling abroad
  • Water tower suit involving Exxon’s CEO prompts a fracking fracas [NOT anti-fracking]

    02/25/2014 9:11:51 PM PST · by re_nortex · 11 replies
    Ft. Worth Star-Telegram ^ | Feb. 24, 2014 | Jim Fuquay
    “Exxon CEO Rex Tillerson Sues to Block Water Tower That Might Supply Fracking Operations,” cried the Huffington Post online news site. “Exxon Mobil CEO: No fracking near my backyard,” reported USA Today. [...]“This is not an anti-fracking lawsuit,” Whitten said. “Nothing could be further from the truth.”
  • "Big Oil" Production Decline 'Big oil' getting smaller as production keeps falling

    02/15/2014 7:08:12 PM PST · by ckilmer · 32 replies
    platts ^ | February 14, 2014 | Richard Swann in London
        'Big oil' getting smaller as production keeps falling  February 14, 2014 - Richard Swann in London  * Top seven western majors all seeing liquids output fall * Supermajors' share of global market dropping every year * BP reports fastest decline of 30% from 2009-13 * Production becoming more evenly split between oil and gas The biggest western oil companies are continuing to see their oil output decline, despite record investment in recent years spurred by sustained crude prices in excess of $100/barrel, according to data released by the companies. Furthermore, with total world oil output continuing to rise every year,...
  • Why Independent Producers Are Vastly Outpacing Big Oil

    02/08/2014 11:56:22 AM PST · by ckilmer · 12 replies
    dailyfinance ^ | Feb 8th 2014 2:00PM | David Smith
    Why Independent Producers Are Vastly Outpacing Big Oil by David Smith, The Motley Fool Feb 8th 2014 2:00PMUpdated Feb 8th 2014 2:02PM Energy investors have effectively reached an earnings season tipping point, with the majors having told us about their fourth-quarter and full-year results and most of the independents still preparing to do so. While I obviously can't predict with absolute certainty the impending announcements from the likes of and Whiting Petroleum , they're likely to outstrip those that we've already received from ExxonMobil, Chevron , and Royal Dutch Shell .As for the weaknesses displayed by the majors during...
  • The Exxon Mobil effect - Corporate Campus Texas

    02/03/2014 4:50:58 PM PST · by deport · 16 replies
    Houston Chronicle ^ | Feb. 1, 2014 | Nancy Sarnoff
    Groundbreaking new corporate campus is altering landscape for northern suburbs Construction cranes clustered alongside Interstate 45 at the Hardy Toll Road carve a startling, wide swath through the trees just south of The Woodlands.... Come next year, this will be home to some 10,000 people who work for Exxon Mobil Corp., which is building a campus the size of a small city on 385 forested acres north of Houston.... No less than 20 buildings are underway at the energy giant's future home, a real estate development thought to be the largest in the country.....
  • Exxon to move Canadian crude by rail amid pipeline shortage

    01/31/2014 4:55:47 AM PST · by thackney · 14 replies
    Fuel Fix ^ | January 30, 2014 | Zain Shauk
    With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday. The terminal, to be constructed in Alberta, will cost up to $250 million if it is built to a maximum capacity of 250,000 barrels of oil per day, said David Rosenthal, Exxon Mobil’s vice president of investor relations, during a conference call with analysts. The rail terminal is being developed by Kinder Morgan and Imperial Oil at an...
  • US to achieve energy self-sufficiency by 2020: Exxon Mobil CEO

    01/09/2014 10:30:34 PM PST · by ckilmer · 15 replies
    cnbc ^ | Thursday, 9 Jan 2014 | 3:16 AM ET | By: Reported by Sri Jegarajah, Written by Ansuya Harjani
    US to achieve energy self-sufficiency by 2020: Exxon Mobil CEO    Text Size   Published: Thursday, 9 Jan 2014 | 3:16 AM ET By: Reported by Sri Jegarajah, Written by Ansuya Harjani       Twitter   95       LinkedIn   15     Share   Play Video US to be energy secure by 2020: Exxon Mobil Thursday, 9 Jan 2014 | 12:47 AM ET Rex Tillerson Chairman & CEO, ExxonMobil, describes why he thinks it is realistic for the US to be energy self-sufficient by the end of this decade. The United States' energy self-sufficiency dream will become a reality...
  • Exxon Mobil CEO Pressures PA Governor to Implement Common Core

    12/14/2013 12:55:24 PM PST · by ColdOne · 33 replies
    breitbart.com ^ | 12/14/13 | Mary Chastain
    Rex Tillerson, CEO of Exxon Mobil, sent a letter to Pennsylvania Governor Tom Corbett in May with a veiled threat to move operations out of the state if Corbett does not implement the controversial Common Core standards in Pennsylvania schools. However, I was disappointed to learn of the misinformation opponents of this critical effort are advancing, which subsequently led your administration to delay its implementation. I urge you to make the necessary clarifications quickly and move forward with the Pennsylvania Common Core.
  • American multinational oil company says 'No' to homosexual agenda

    06/01/2013 7:10:01 AM PDT · by topher · 45 replies
    LifeSiteNews.com ^ | Fri May 31, 2013 12:13 EST | by Thaddeus Baklinski
    DALLAS, Texas, May 30, 2013 (LifeSiteNews.com) - At its annual shareholder meeting this week, the world's largest oil company, ExxonMobil, rejected a proposal demanding changes to its Equal Employment Opportunity (EEO) policy that would have granted special rights to homosexual employees. "Had the resolution passed, the company would have been forced to begin promoting and providing 'acceptance' training of homosexuality to all employees, even if they had religious objections," said Tim Wildmon, president of the American Family Association. The proposal, voted down by 81 percent of ExxonMobil's shareholders on May 30 read, "The Shareholders request that ExxonMobil amend its written...