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Keyword: exxonmobil

Brevity: Headers | « Text »
  • Did ExxonMobil commit securities fraud by denying climate change?

    11/09/2015 7:44:09 PM PST · by Citizen Zed · 45 replies
    csm ^ | 11-9-2015 | Mike Tokars
    New York state's attorney general, Eric Schneiderman, and US Rep. Ted Lieu (D) of California are both looking into whether the world's largest publicly traded oil and gas company intentionally misled the public and company shareholders about its own knowledge of climate change and the inherent risks it posed to the oil industry. The outcry started in September, when InsideClimate News published an investigation asserting that, since the 1970s, ExxonMobil, has known of fossil fuels' contribution to climate change. The company's own scientists are said to have raised concerns that were contradicted by executives. Another inquiry published in the Los...
  • Creative Lawyering On Display As Schneiderman Targets ExxonMobil On Climate Change

    11/06/2015 1:39:29 AM PST · by Brad from Tennessee · 18 replies
    Forbes ^ | November 5, 2015 | By Daniel Fisher
    Could ExxonMobil be guilty of fraud for taking a public stance on global warming? New York Attorney General Eric Schneiderman thinks so, and news that he’s demanded years of records from the oil giant shows how creative some lawyers have become in using litigation to try and achieve the sort of policy changes once left to legislators. The New York Times reports Schneiderman issued a subpoena Wednesday evening seeking emails, financial records and other information about the company’s activities around climate science since the late 1970s, “including a period of at least a decade,” the Times says, “when ExxonMobil funded...
  • Exxon Mobil Investigated for Possible Climate Change Lies by New York Attorney General

    11/06/2015 1:32:28 AM PST · by Brad from Tennessee · 32 replies
    New York Times ^ | November 5, 2015 | By JUSTIN GILLIS and CLIFFORD KRAUSS
    The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such 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 investigation focuses on whether statements the company made to investors about climate risks as recently as this year were consistent with the company’s own long-running scientific research. The people said the...
  • Former Exxon President On Mission To Clean Up Oil Sands

    07/30/2015 3:59:22 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 30-07-2015 | utah
    Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utahs billions of barrels of oil sands. Imagine extracting high-quality oil out of the estimated 32 billion barrels buried in Utahs oil sands, without creating the toxic wastelands that have resulted from oil sands projects in Western Canada. And imagine doing it at a cost that can still turn a profit in todays oil price slump. That would be highly enticing to some of the large operators...
  • Meet the 41 Companies That Donate Directly to Planned Parenthood

    07/22/2015 1:21:17 AM PDT · by Morgana · 26 replies
    dailysignal.com ^ | July 21, 2015 | Melissa Quinn
    In the wake of two videos allegedly showing Planned Parenthood officials discussing the sale of aborted fetal body parts, Republicans in Congress are working to ensure that Planned Parenthood is stripped of its federal funding. However, its not only the government that fills Planned Parenthoods coffers. According to 2nd Vote, a website and app that tracks the flow of money from consumers to political causes, more than 25 percent of Planned Parenthoods $1.3-billion annual revenue comes from private donations, which includes corporate contributions. 2nd Vote researched the corporations and organizations to find which supported Planned Parenthood and found that more...
  • The Reason Behind Big Oils Change of Heart on Global Warming

    06/04/2015 5:47:00 AM PDT · by Java4Jay · 11 replies
    After years of opposing efforts to fight climate change, Europes biggest oil and gas corporations have made a stunning about-face. Noticeably absent from the corporate push for a carbon price were U.S. oil behemoths Chevron and Exxon Mobil.
  • UK Govt To Oppose Any Moves On BP

    04/27/2015 1:36:10 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2015 | Banana
    The U.K. government wants BP to still stand for British Petroleum. The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there. Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BPs CEO Bob Dudley had to publicly dispel any notion that his company is for...
  • Exxon Mobil starts production at its new deepwater project in the Gulf

    04/01/2015 4:11:54 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | March 31, 2015 | Robert Grattan
    Exxon Mobil Corp. said Monday it had begun producing from its Hadrian South Gulf of Mexico project. Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells. The well is located about 230 miles offshore and in about 7,650 feet of water. First production comes after a discovery well was drilled in 2008 and an appraisal well was completed in 2009. Exxon operates the Hadrian South project with a 46.7 percent interest while Brazils Petrobras and Italys Eni hold a 23.3 percent and 30...
  • USW:California Refinery Explosion Provides Further Evidence of Need for Safety Improvements

    02/19/2015 4:51:25 PM PST · by mdittmar · 10 replies
    United Steelworkers ^ | Feb 18, 2015 | United Steelworkers
    Union Calls on Industry to Negotiate Solutions to Protect Workers and Communities(PITTSBURGH) -- An explosion and fire today at a refinery in Southern California underscores the United Steelworkers demand for improved safety conditions to protect both workers and communities.The explosion at the ExxonMobil refinery in Torrance, Calif., occurred as 5,200 members of the United Steelworkers (USW) are conducting unfair labor practice strikes at 11 refineries across the country with safety as a major concern.Our members work in dangerous and too often deadly conditions, said USW International President Leo W. Gerard. While employers have reaped billions of dollars in profits over...
  • 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 Qatars economic success than ExxonMobil. Indeed, Qatar has the worlds 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...
  • 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 companys 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...
  • The Washington Post Responds To Me, and I Reply to the Post

    03/22/2014 9:03:43 PM PDT · by Nachum · 27 replies
    PowerLine ^ | 3/22/14 | John Hinderaker
    On Thursday, the Washington Post published an article by Steven Mufson and Juliet Eilperin titled The biggest lease holder in Canadas oil sands isnt Exxon Mobil or Chevron. Its the Koch brothers. The articles first paragraph included this claim: The biggest lease holder in the northern Alberta oil sands is a subsidiary of Koch Industries, the privately-owned cornerstone of the fortune of conservative Koch brothers Charles and David. The theme of the article was that the Keystone Pipeline is all about the Koch brothers; or, at least, that this is a plausible claim. The Post authors relied on a report...
  • Lets nationalize Fox News: Imagining a very different media

    01/19/2014 8:14:17 AM PST · by Libloather · 37 replies
    Salon ^ | 1/18/14 | Fred Jerome
    Excerpted from "Imagine: Living in a Socialist USA" Imagine a world without the New York Times, Fox News, CNN, the Wall Street Journal, and countless other tools used by the 1 percent to rule and fool. In a socialist society run by and for the working people it represents, the mega-monopolies like Walmart, Halliburton, Exxon-Mobil, and the corporations that run the tightly controlled mainstream media will be a thing of the past. Its not news that the major US media are run by and for big business, or that the major media companies are themselves big businesses. Twenty years ago,...
  • This Natural Gas Find Could Completely Change the World As We Know It (Israel-Cyprus)

    11/03/2013 2:23:59 PM PST · by haffast · 15 replies
    The Motley Fool ^ | November 3, 2013 | Tyler Crowe
    One thing that makes the energy sector so intriguing is the constant overlap between markets and politics. In many ways, energy security is synonymous with national security, and the supply and demand needs of the oil market can make the most unlikely bedfellows. One country that has been at the center of energy and politics for decades has been Israel. For years the country has been dependent upon foreign energy sources, but a major discovery by Noble Energy (NYSE: NBL ) and its partners has turned this situation on its head. Let's look how this massive natural gas find could...
  • Big Businesses Whore For Common Core

    09/30/2013 7:53:41 AM PDT · by Noremac · 5 replies
    Blasted Fools.com ^ | September 30, 2013 | Richard Cameron
    Exxon-Mobil has taken a leading role in promoting Common Core Now, when you pump obscenely expensive gasoline into your family car, Exxon-Mobil leverages your purchase to drive a publicity campaign supporting a policy initiative that is a hazard and a menace to the well being of children attending public schools. Exxon-Mobil are by no means the only players in this crusade to transform our schools. In the linked column, I include a short list of Fortune 100 1,000 businesses that are assisting Obama and the Dept. of Education in selling Common Core to states and school districts. Unfortunately, the...
  • 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...
  • ExxonMobil Shareholders Again Refuse Special Protection for Homosexual Employees

    05/31/2013 1:30:54 PM PDT · by Olog-hai · 12 replies
    Cybercast News Service ^ | May 31, 2013 6:26 AM | Ryan Kierman
    For the 14th straight year, ExxonMobil shareholders overwhelmingly have rejected a proposition to incorporate into the companys written non-discrimination policy language explicitly prohibiting discrimination based on sexual orientation and gender identity. ExxonMobil says its global zero-tolerance policy already applies to all forms of discrimination, including discrimination based on sexual orientation and gender identity, even though the phrases sexual orientation and gender identity do not appear in the current policy, as written. In their submission to shareholders, homosexual advocates noted that more than 90 percent of Fortune 500 companies have adopted written nondiscrimination policies prohibiting harassment and discrimination on the...
  • Van Jones and Exxon Mobil Support a Carbon Tax

    12/08/2012 7:54:17 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | December 8, 2012 | Tom Borelli
    Its a bad omen for free enterprise, prosperity and liberty when normally warring special interest groups such as big business and progressive activists agree on public policy. During President Obamas first term big business interests led by the pharmaceutical industry joined the union lobby in successfully making ObamaCare the law of the land. Shortly after Obamas re-election, history may be repeating itself this time regarding energy policy. While its known that politics makes strange bedfellows none can be more bizarre than former White House green jobs czar Van Jones and Exxon Mobil CEO Rex Tillerson agreeing on a carbon tax....
  • British ExxonMobil oil chief 'assassinated' in Brussels street

    10/25/2012 6:42:14 PM PDT · by DeaconBenjamin · 23 replies
    Telegraph (UK) ^ | 8:11PM BST 25 Oct 2012 | By Duncan Gardham, Bruno Waterfield and Emily Gosden
    A British executive for ExxonMobil has been shot dead in an assassination-style killing in Brussels. Belgian police imposed a news blackout after Nicholas Mockford, 60, was shot as he left an Italian restaurant in Neder-over-Heembeek, a suburb of the capital. The executive was shot three times, once as he lay on the ground, after leaving the Da Marcello restaurant in Rue de Beyseghem at around 10pm on Oct 14. His wife, Mary, was left beaten and covered in blood. Mr Mockford died on the way to hospital. Witnesses said they saw the couple walk across the street to their car,...
  • Hitler's Muslim Nephew Comes to New York

    09/24/2007 5:49:09 AM PDT · by nuconvert · 16 replies · 319+ views
    FrontpageMag ^ | September 24, 2007 | Kenneth R. Timmerman
    Hitler's Muslim Nephew Comes to New York September 24, 2007 FrontPageMagazine.com Kenneth R. Timmerman What was New York Mayor Michael Bloomberg thinking? Apparently the former Democrat believed that escorting Irans Hitler-wannabe president, Mahmoud Ahmadinejad, to the site of the September 11 memorial at Ground Zero would generate a terrific photo op. Here I am with world leaders, that type of thing. After all, Bloomberg has already made his appearance at the World Leaders Forum at Columbia University, so he was in the zone. And last year, U.S. News & World Report crowned him as one of Americas best leaders. But...
  • Greenpeace raids Russian Arctic oil platform

    08/24/2012 4:15:38 PM PDT · by bruinbirdman · 25 replies
    France 24 ^ | 8/24/2012
    Greenpeace activists on Friday scaled the sides of an Arctic oil platform owned by Russian group Gazprom to draw attention to the dangers of drilling in one of the world's last pristine reserves. Two Gazprom helicopters hovered over the group and periodically sprayed them with pressurised streams of ice water as they hung down on ropes from the side of Gazprom's huge red Prirazlomnaya platform, due to start commercial operations next year. Greenpeace activists board Gazprom's 'Prirazlomnaya' Arctic oil platform "They're hosing us," Greenpeace International's Executive Director Kumi Naidoo tweeted, while the team held up bright yellow signs reading "Save...
  • Taxation Hero: ExxonMobil Pays $3 In Taxes For Every $1 In Profit

    08/10/2012 6:54:50 AM PDT · by SeekAndFind · 7 replies
    Forbes ^ | 08/10/2012 | Nick Schultz
    Its earnings season and Americas major energy companies once again face a barrage of criticism over their profits, coupled with suggestions they dont pay enough in taxes. For example, our friends at the Center for American Progress cry, Big 5 Oil Companies Going for the Gold; Second-Quarter Earnings Race Ahead, Boosted by Tax Breaks. CAP advocates increasing taxes on large energy companies. In a recent book, New America Foundations Steve Coll suggests theres something almost unpatriotic with the profits earned by Americas energy companies. For example, in the last sentence of his book he contrasts the fortunes of the energy...
  • Gazprom Ranked Worlds Most Profitable Company in 2011

    07/30/2012 4:05:27 AM PDT · by cunning_fish
    RIAN ^ | July 30, 2012
    Russian energy giant Gazprom overtook U.S.-based energy major ExxonMobil in 2011 to become the worlds most profitable company, according to the latest edition of Forbes magazine published on Monday. Gazprom netted $44.46 billion in profits last year, compared to $41.6 billion generated by ExxonMobil, which was the worlds most profitable company in 2010. The Industrial and Commercial Bank of China ranks third in Forbes ratings with $32.2 billion in profits. Gazprom CEO Alexei Miller told the companys annual meeting of shareholders in late June that the Russian energy giant was the worlds leader in revenue for the second consecutive year...
  • ExxonMobil cut from Iraq Bidding Round

    04/20/2012 6:48:53 AM PDT · by Sequoyah101 · 2 replies
    World Oil ^ | 4/19/2012 | World Oil
    ...ExxonMobil has been excluded from the final list of 47 pre-qualified bidders for Iraqs upcoming fourth exploration round, while Indonesia's Pertamina and a Syrian oil company have been added... ...Iraq's oil minister Abdul Kareem Luaibi had said a week ago that Baghdad was still studying whether to allow ExxonMobil to take part due to a dispute over contracts it signed with Iraqi Kurdistan... ...Since launching the first licensing round in 2008, Iraq has awarded 14 contracts to date in three rounds. Japan and Russia entered the largest number of bids with nine and five respectively in a list that also...
  • Former Shell Oil President: We Wont Have Enough to Fill Gas Tanks No Matter the Price

    03/13/2012 10:42:03 AM PDT · by Nachum · 54 replies
    CNS News ^ | 3/13/12 | Melanie Hunter
    Former Shell Oil President John Hofmeister predicted that the U.S. wont have enough oil to fill gas tanks whatever the price and that high gas prices could lead to another recession, because people wont be able to buy things. The host of Washington Journal asked Hofmeister if he agreed with the head of ExxonMobil, Rex Tillerson, that the U.S. wont see $5 a gallon gas and that the rhetoric over Iran is responsible for driving up gas prices temporarily. Theres a lot of views out there, and Ive been articulating a $5 price.
  • US Oil Giant Exxon Mobile Flees To Russia Over Obama Fears

    09/11/2011 8:13:42 PM PDT · by shove_it · 36 replies
    pakalertpress ^ | 10Sep 2011
    In what can only be described in the most astounding of terms, the Kremlin is reporting that the worlds largest corporation, American-based Exxon Mobil, has signed a deal with Russia allowing it to flee the United States in exchange for trading its vast oil and gas reserves in Texas and the Gulf of Mexico and gaining for itself exclusive drilling rights in the vast untapped regions of the Russian Arctic. According to these reports, Prime Minister Putin and Exxon Mobil Chairman, President and CEO Rex Tillerson oversaw the signing of this historic agreement brokered by Russian state-owned oil giant Rosneft....
  • So Much for the Polar Bears - Arctic Drilling to Begin

    09/01/2011 6:00:05 PM PDT · by bananaman22 · 6 replies
    OilPrice.com ^ | 09/01/2011 | John Daly
    The good news for wildlife around the Arctic Circle is that BP, renowned despoiler of the Gulf of Mexico, will not be coming. BPs 2010 Deepwater Horizon oil spill (also referred as the Macondo blowout), which surged for three months, has won a place in the Guinness book of records as the largest accidental marine oil spill in the history of the petroleum industry. The bad news is that U.S. oil international Exxon Mobil has sealed an Arctic oil exploration deal with Russias state-owned oil firm Rosneft, following an agreement signed on 29 August in the presence of Russian Prime...
  • Russia gets the offshore drilling jobs US sits on its duff.

    08/30/2011 12:59:15 PM PDT · by Corky Boyd · 7 replies
    Island Turtle ^ | August 30, 2011 | Corky Boyd
    Today, Russias Prime Minister Vladimir Putin announced Exxon Mobil has been awarded exploration rights in the Russian Arctic superseding efforts by BP and Rosneft the Russian state owned oil company. This amazing coup gives the US based company the rights to the highly lucrative offshore fields. Russia gets Exxon Mobils offshore drilling expertise and a massive investment. From the NY Times: "The agreement seemed to supersede a similar but now-defunct partnership that Russias state oil company, Rosneft, reached with BP earlier this year. The deal announced Tuesday replaces BP, the British oil giant, with its American counterpart and introduces some...
  • ExxonMobil Sues Obama Administration for Canceling Deepwater Well Worth Billions of Barrels

    08/26/2011 4:27:49 PM PDT · by Nachum · 33 replies
    Cybercast News Service ^ | 8/26/11 | Matt Cover
    ExxonMobil, the worlds largest energy company, filed a lawsuit against the federal government for canceling an oil-drilling lease in the Gulf of Mexico that held billions of barrels of oil, according to the company. In the suit, filed Aug. 12 in federal court in Louisiana against Interior Department Secretary Ken Salazar and related parties, Exxon alleges that the Interior Department made an arbitrary, capricious decision in canceling the deepwater leases, arguing that the governments action deprives ExxonMobil of property without due process of law. ExxonMobil lawsuit
  • Apple briefly becomes largest U.S. company

    08/09/2011 11:51:34 AM PDT · by CedarDave · 13 replies
    MSM Money ^ | August 9, 2011 | Reuters
    SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc briefly edged past oil major Exxon Mobil to become the most valuable company in the United States after days of volatile stock market action.
  • Venezuela to Compensate American Oil Companies for Nationalization?

    08/04/2011 7:41:41 AM PDT · by bananaman22 · 11 replies
    OilPrice.com ^ | 10/08/2011 | John Daly
    If Cuba's Fidel Castro is America's favorite Latin American bte noire, then Venezuela's Hugo Chavez qualifies as Washington's reigning Prince of Darkness. In 1960, Fidel Castro nationalized US business interests without compensation, bringing down on impoverished benighted country 51 years of sanctions that continue to the present day. Similarly, four years ago Chavez completed the nationalization of foreign oil interests, transferring their shares to the state-owned petroleum company Petrleos de Venezuela, S.A., more commonly referred to by its acronym PDVSA. The screaming was heard echoing through the boardrooms and canyons of Wall Street. Now the picture appears to be shifting,...
  • ExxonMobils earnings: The real story you wont hear in Washington

    07/10/2011 12:32:51 PM PDT · by Hojczyk · 17 replies
    ExxonMobils earnings are from operations in more than 100 countries around the world. During the first quarter, more than three-quarters of our operating earnings came from outside of the United States. The part of ExxonMobils business that refines and sells gasoline, diesel and other products in the United States represents less than 6 percent or 6 cents on the dollar of our earnings. Why so little? Because we actually buy more crude oil to refine into gasoline and diesel in the U.S. than we produce ourselves. And these purchases are made on the open market at the prevailing...
  • Sarah Palin emails: Exxon's stalling tactics called 'outrageous' [ Sarah is tough on Big Oil ]

    06/11/2011 12:13:55 PM PDT · by NoLibZone · 25 replies
    Los Angeles Times ^ | June 11 2011 | By Kim Murphy
    ExxonMobil has long been Alaskas most enduring villain, thanks to the 1989 Exxon Valdez tanker accident that spilled at least 11 million gallons of oil, not to mention the years Exxon spent fighting devastated fishermen and others in court to avoid and delay paying damages. Former Gov. Sarah Palin's emails show how much state officials shared in the general outrage over Exxons legal tactics. Having already held the case up in the courts for nearly two decades, winning reversal of billions of dollars in punitive damages by the U.S. Supreme Court, ExxonMobil lawyers in 2008 filed pleadings to avoid paying...
  • Exxon Mobil announces major Gulf find

    06/08/2011 2:04:55 PM PDT · by thackney · 35 replies
    Fuel Fix ^ | June 8, 2011 | Simone Sebastian
    Exxon Mobil Corp. has made one of the largest oil and gas finds in the Gulf of Mexico in a decade, the company announced today. The oil major said it made two oil discoveries and a natural gas discovery in its Keathley Canyon blocks, including an oil discovery in the companys first exploration well since last years moratorium on deep-water drilling. Exxon expects the combined finds to yield more than 700 million barrels of oil equivalent. More than 85 percent would be oil, the company said. Drilling early in 2010 turned up oil and natural gas at the well 250...
  • Exxon extended drilling ups Calif. oil production

    04/18/2010 12:17:02 PM PDT · by george76 · 5 replies · 420+ views
    ap ^ | April 16, 2010
    ExxonMobil Corp. said Friday that its extended-reach drilling technology has boosted production capacity at its Santa Ynez unit offshore southern California by 5.8 million barrels of oil. The well drilled from Exxon's Heritage platform rig extends more than six miles horizontally and more than 7,000 feet underwater. The company said its Fast Drill technology allows engineers to access previously unreachable resources without installing an additional structure, and brings on new production at a lower cost.
  • The World's Biggest Oil Reserves

    01/26/2010 1:30:11 AM PST · by ErnstStavroBlofeld · 11 replies · 721+ views
    Yahoo Finance ^ | 1/25/2010 | Christopher Helman
    This month Iraq will finalize contracts with the likes of ExxonMobil, Royal Dutch Shell and BP to develop some of its biggest oil fields. These giants are among the world's last remaining pockets of so-called "easy oil." They don't require ultradeep drilling or innovative production techniques, just the application of Big Oil know-how. No wonder the oil companies agreed to develop Iraq's fields without even getting an ownership stake in the fields and collecting as little as $1.15 per barrel recovered. Given the size of Iraq's undeveloped giants there are no technical reasons why within 10 years the country can't...
  • Get The Frackin' Gas

    12/22/2009 5:25:03 PM PST · by Kaslin · 17 replies · 1,773+ views
    Investors.com ^ | December 22, 2009 | INVESTORS BUSINESS DAILY Staff
    Energy: An oil company wants to invest its profits in clean-burning American natural gas. A Hungarian billionaire and a "green" politician want to stop it. This is the real Climate-gate scandal. While the greenies of the world united in Copenhagen to talk about the weather, emitting a Third World-country-size chunk of greenhouse gases to gather there, the world's largest oil company, Exxon Mobil, was doing something about it. On Dec. 14, Exxon agreed to buy XTO Energy, a natural gas firm, in a deal valued at $41 billion. XTO is one of the leaders in something called "fracking" technology, in...
  • Exxons Earnings Reflect Decline in Energy Prices

    10/29/2009 10:10:56 AM PDT · by TopQuark · 26 replies · 684+ views
    NY Times ^ | 10/29/2009
    Exxon Mobil, the worlds biggest publicly traded oil company, said Thursday that its profit fell 68 percent in the third quarter as oil and natural gas prices slumped from last years highs. The company earned $4.73 billion, or 98 cents a share in the quarter, less than analysts had expected. That compares with earnings of $14.83 billion in the period a year ago, the companys best quarter ever. Exxon became the worlds most profitable corporation in 2008, earning $45 billion with oil averaging $100 a barrel. But the drop in prices has hurt Exxon and most other oil companies, as...
  • ExxonMobil: Green Company of the Year

    08/08/2009 10:56:41 PM PDT · by bruinbirdman · 2 replies · 450+ views
    Forbes ^ | 8/5/2009 | Christopher Helman
    Oil from algae? Just a sideshow, Exxon's real thrust into green energy is a big bet on natural gas. There are two ways for a big oil company to go green. There is the political approach and there is the engineer's approach. ExxonMobil (XOM) uses both. Sea of green: In Qatar, Exxon is building the world's largest plants to make liquefied natural gas Purely political: the grand announcement in July that ExxonMobil would put $600 million into algae farms that would turn sunlight into automotive fuel. It takes a leap of faith to think tanks of algae can compete with...
  • Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills

    02/12/2009 8:16:42 AM PST · by thackney · 62 replies · 2,153+ views
    US News & World Report ^ | February 11, 2009 | Robert Bryce
    Last week, as a friend of mine and I were discussing the energy business, an acquaintance of ours came into the room. When told the topic of discussion, she immediately denounced Exxon Mobil. She'd just heard on the radio that the energy giant had had a record $45.2 billion profit in 2008. She was clearly hoping that we would join in her disgust. I asked, "So are you suggesting that Exxon should not make money?" I went on, "Would you prefer that Exxon be like AIG, or Citigroup, or one of the big Wall Street outfits that's now asking for...
  • ExxonMobil not leaving plant operations to chance in face of possible strike

    01/28/2009 7:55:39 AM PST · by TornadoAlley3 · 7 replies · 710+ views
    beaumontenterprise.com ^ | 01/27/09 | DAN WALLACH and AMY A. COLLINS
    ExxonMobil Corp.'s Beaumont refinery is making plans to keep the plant going in case of a work stoppage by union labor at midnight Saturday. Oil workers nationally are bargaining with industry on a new contract. Local unions are bargaining with individual companies on some issues as well.
  • Exxon supports carbon tax

    01/10/2009 5:49:42 AM PST · by listenhillary · 37 replies · 976+ views
    The Calgary Herald ^ | 1/9/2009 | Herald News Services
    Exxonmobil corp., the world's largest crude oil refiner, supports taxing carbon dioxide as the most efficient way of curbing greenhouse gas emissions, its chief executive said. "As a businessman, it's hard to speak favourably about any new tax, but a carbon tax strikes me as a more direct, more transparent and more effective approach," Rex Tillerson, CEO of the Irving, Texas based company, said Thursday at the Woodrow Wilson international center for scholars in Washington. At a Dec. 11 event in Chicago, Tillerson, 56, said he preferred a carbon tax to carbon trading programs such as the type used in...
  • Thatcher 'directly involved in coup'

    01/19/2005 9:01:50 PM PST · by indcons · 13 replies · 693+ views
    The Guardian ^ | January 20, 2005 | David Leigh
    Troubles deepened for Lady Thatcher's disgraced son last night when a self-confessed coup plotter surfaced to accuse him of direct involvement in the attempt to overthrow the regime in Equatorial Guinea. Crause Steyl, the mercenary pilot who was to have been the star witness against Mark Thatcher had his trial in South Africa gone ahead, told Channel 4 News that Sir Mark's role had been kept secret, because "his mother was the previous prime minister of England". Mr Steyl described meeting Sir Mark to select a helicopter on which a gun could be mounted. He also alleged that the Spanish...
  • Exxon boosts diesel output as others scale back

    12/15/2008 6:05:08 PM PST · by pelican001 · 15 replies · 580+ views
    MSN Money ^ | 12/15/08 | AP
    HOUSTON (AP) - Exxon Mobil Corp., the world's biggest oil refiner, will spend more than $1 billion in the next couple of years to increase its global production of cleaner-burning diesel by about 10 percent, the company said Monday. The announcement comes as many oil producers and refiners scale back spending because of the sharp decline in crude prices, dismal expectations for energy demand in 2009 and tight credit markets that have put many big capital expenditures out of reach.
  • Exxon Posts $14.83 Billion Profit

    10/30/2008 5:57:31 AM PDT · by Sub-Driver · 26 replies · 548+ views
    Exxon Posts $14.83 Billion Profit By SHIRLEEN DORMAN Exxon Mobil Corp. reported a 58% increase in third-quarter net income, smashing its own record for quarterly profits, amid a $1.62 billion gain and high oil prices. The world's biggest nongovernmental oil company had net income of $14.83 billion, or $2.86 a share, up from $9.41 billion, or $1.70 a share, a year earlier. Earnings Cheat Sheets Read what to expect in the quarterly reports of other major corporations. Excluding the gain from selling natural-gas operations in Germany and interest on the Valdez oil-spill damages, earnings came to $2.59 a share. Analysts...
  • Jersey Town Fights Exxon Mobil

    10/14/2008 8:56:07 PM PDT · by denydenydeny · 15 replies · 1,037+ views
    6 ABC (Philadelphia) | 10/14/08 | Lisa Thomas-Laury
    Paulsboro, N.J. - October 14, 2008 - (WPVI) -- Paulsboro, New Jersey has long been known as a middle class town with an industrial edge. But now the borough is in a fight with ExxonMobil, its biggest tax payer, and that is putting a drain on the entire community. "This plant, when it was built, actually saved Paulsboro from a standpoint of its financial structure because its a wonderful neighbor and a contributor to the tax base. Until now." said Paulsboro Mayor John Burzichelli. That's because six years ago ExxonMobil appealed the assessment made on its lube plant located at...
  • Media Near-Secret: Exxon's Taxes Almost 3x As Much As Profits

    08/02/2008 4:48:12 PM PDT · by CedarDave · 51 replies · 958+ views
    Newsbusters ^ | July 31, 2008 | Tom Blumer
    Just heard Mark Levin mention this point on his show tonight. The item he referred to is from Mark Perry at istockanalyst.com, who commented on CNNMoney.com's coverage of Exxon Mobil's profit report today: According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.That profit works out to $1,485.55 a second. Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income...
  • Exxon Valdez $2.5 Billion Oil Spill Ruling Overturned

    06/25/2008 12:37:05 PM PDT · by Free ThinkerNY · 72 replies · 292+ views
    reuters ^ | June 25, 2008
    WASHINGTON -- The U.S. Supreme Court on Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska. The nation's highest court ruled that the punitive damages should be limited to an amount equal to the total relevant compensatory damages of $507.5 million. In the court's opinion, Justice David Souter concluded that the $2.5 billion in punitive damages was excessive under federal maritime law, and should be cut to the amount of actual harm. By a 5-3 vote, the justices overturned a ruling by...
  • Advertising the horror of money from big oil

    06/24/2008 11:17:57 AM PDT · by JZelle · 12 replies · 153+ views
    The Washington Times ^ | 6-23-08 | Tom Knott
    To their everlasting horror, the global-warming alarmists have discovered that ExxonMobil advertises with the Washington Nationals. This act of free enterprise cannot go unpunished, so the global-warming alarmists have initiated a campaign to educate the Lerner family and baseball-supporting public in the hope the Nationals will end their relationship with ExxonMobil. It is unclear whether the global-warming alarmists walked to the ballpark from their homes, took mass transportation or drove there in an automobile. That, of course, is often the rub with the global-warming zealots. They talk a good game if it concerns you, your neighbor and the person down...