Exxon Mobil News Archives

Egypt: 50 minutes ago PRESS RELEASE ExxonMobil Egypt is participating in this year's Mactech and Airtech exhibitions, set to take place later this month in Cairo.

Tillerson: - Well-positioned with projects such as QatarGas, RasGas and Gorgon LNG' ExxonMobil yesterday said its quarterly profit fell 68%, missing Wall Street estimates, as the global recession bit into fuel demand and crude oil prices fell from year-ago levels.

Filed under: Exxon Mobil , Citigroup Inc. , CIT Group Today was mired by awful spending and income data as many are actually now not believing that high GDP figure from yesterday.

Andrew Swiger, an executive at Exxon Mobil Corp., which plays a key role in the future of the ill-fated Mackenzie Valley Pipeline, had a few words to say about government intervention at a breakfast speech in Calgary on Friday.

Financially, ExxonMobil's third quarter was in line with its Big Oil peers, but the takeaway from its report is that productionwise, the world's largest energy company is running flat out just to stay in place.

Exxon Mobil , the world's 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 year's highs.

ConocoPhillips, the U.S. oil company that announced plans this month for $10 billion in divestitures, said third-quarter profit fell 71 percent after a collapse in crude and natural-gas prices.

CALGARY, Alberta -- Third-quarter profit at Imperial Oil Ltd fell 61% on lower prices for oil and natural gas and weaker refining results, Canadaa s No.

Oct. 29 -- Philip Weiss, an analyst at Argus Research, talks with Bloomberg's Erik Schatzker about Exxon Mobil Corp.'s third-quarter earnings reported today and outlook for the oil refining market.

Exxon Mobil Corp, Royal Dutch Shell Plcand Eni SpA dashed hopes of an imminent turnaround for the oil industry, saying a sluggish economic recovery was weighing on energy demand and prices.

Exxon Mobil Corp., the largest U.S. company, reported a fourth straight drop in profit after demand slumped for fuels to run cars, trucks, factories and airplanes.

David Gardner called it. Hea TMs up 1,334%! See what Davida TMs recommending that you buy NEXT.

The S&P 500 and the Nasdaq fell overnight as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading on a measure of consumer confidence sparked caution about the recovery of spending.

The U.S. Senate on Tuesday kicked off three days of hearings to discuss the Clean Energy Jobs and American Power Act, an 821-page bill meant to create green-technology jobs and reduce global warming.

ExxonMobil, the world's largest integrated petroleum and natural gas company, is looking at boosting investments in Qatar, where it has already spent in excess of $13bn on numerous gas-related projects.

The 1,220-kilometre proposed pipeline would carry natural gas from the Mackenzie Delta in the Northwest Territories south to the Alberta border.

U.S. stocks fell on Monday, as commodities prices were pressured by a rising dollar and financial shares tumbled.

An attorney for Exxon Mobil Corp. argued yesterday in federal court for the dismissal of a lawsuit filed by dozens of Maryland gas station operators who have sued the petroleum giant for making moves to sell their stations in a way that they say could violate federal and state laws and possibly force them out of their own businesses.

ExxonMobil senior vice-president Mark W Albers says the company's approach has been long-term and it has not retrenched its personnel because of the global downturn ExxonMobil is in discussions with QP to develop a world-scale petrochemical complex in Qatar, ExxonMobil senior vice-president Mark W Albers has said.

U.S. Sen. Kay Bailey Hutchison would have to take a pay cut if she's elected governor, but her husband's income, a multimillion dollar investment portfolio and other assets have already contributed to significant family wealth.

Sun Oct 25, 2009 5:45am EDT - A Wall St. sign is seen outside the New York Stock Exchange, September 30, 2008.

To hear some tell it, we should despise capitalism and all of its despicable trappings.

The shares of energy-sector heavyweight ExxonMobil Corp. could return to their highs for the year - a run of 10% or better - thanks to a bull-market event that I like to describe as the "beta chase." Large-cap stocks rose quite a bit more than their small-cap brethren last week, leading me to believe that we're witnessing a shift in the balance of ...

BP Plc has had talks with Ghana's national oil company about a possible joint bid for Kosmos Energy's stake in the huge Jubilee oilfield off the coast of the country, Bloomberg said on Thursday, citing two people familiar with the matter.

Recessions are tough on business . They're even tougher on employees . But not at Lockheed Martin .

Stocks are holding modest gains in a day of relatively quiet market action Wednesday.

Five bids from 11 companies, including Exxon Mobil and Total, were placed for the West Qurna-1 field during Iraq's first postwar licensing round in June.

Oil Search Ltd. plans to raise A$895 million in a share sale after terminating plans to sell a stake in a Papua New Guinea liquefied natural gas venture to Abu Dhabia s energy investment arm.

Chinaa s plans to buy into oil fields in Africa may suffer a third setback in as many months if Exxon Mobil Corp.

Exxon Mobil Corp. was found liable for poisoning New York City water wells with a gasoline additive meant to improve air quality, in a trial in which the city seeks $250.5 million to treat the water.

Oil Search Ltd. on Monday announced the shock termination of a deal that would have helped it fund the development of a multibillion gas export project in Papua New Guinea and said it would launch an equity raising instead.

Tullow Oil and Anadarko Petroleum announced positive results at wells in the Jubilee field in Ghana in a move that will likely fuel speculation of more deal-making in West Africa.

Oil prices reached a fresh one-year high above US$75 a barrel Thursday, Oct. 15, 2009 boosted by a weaker U.S. dollar and growing investor optimism about an economic recovery.

China's rapid economic growth will be the global story of the foreseeable future.

St. Helena School, 930 Grove Ave., Edison, has received a $750 grant from the ExxonMobil Educational Alliance program to support the school's science program.

TULSA Can even a corporate titan like Exxon Mobil tackle the world's developing-nation energy needs while addressing vital environmental concerns? Donald Humphreys, senior vice president and treasurer of Exxon Mobil Corp., speaks at the Friends of Finance luncheon in Tulsa Wednesday.

DALLAS For 15 years, environmentalists have complained that state regulations have allowed the powerful oil and chemical industries to skirt Clean Air Act standards in Texas, the nation's foremost producer of industrial air pollution.

Exxon Mobil Corp. wona t face punitive damages in a trial in which New York City accuses it of poisoning water wells with a gasoline additive meant to improve air quality, the trial judge said.

In this Sept. 18, 2009 photo, smoke rises from a pipe at the ExxonMobil refinery in Baytown, Texas.... In this Sept.

Kosmos Energy, an oil explorer backed by private equity firms, confirmed on Monday that it had agreed to sell assets in Ghana to the Exxon Mobil Corporation .

Foreign energy firms have agreed to Iraq's conditions for investment in two major oilfields in the south of the country, Baghdad announced on Tuesday as it prepares to dramatically ramp up oil output.

Energy giant Exxon Mobil has agreed to buy a minority stake in an oil field off the coast of Ghana for $4 billion, the company's first major purchase in nearly ten years.

Chinese energy giant Cnooc Ltd. is challenging U.S. rival Exxon Mobil Corp. over a stake in a major offshore oil discovery in West Africa, according to a Wall Street Journal report Sunday.

A former president of the Law Society and his City law firm are being sued for up to A 5m over allegations that they helped a global oil company wreck a barrister's career.

Exxon Mobil Corp. said Friday that it has appealed a $150 million judgment awarded to dozens of families whose wells were contaminated during a 2006 gasoline spill.

ExxonMobil Corp. said Friday that it has appealed a $150 million judgment awarded to dozens of families whose wells were contaminated during a 2006 gasoline spill.

A new report from the United Kingdom's Financial Times said Tuesday North Texas-based energy giant Exxon Mobil Corp.

Oil industry "super-major" Exxon Mobil has sought and been granted an extension to its drilling licence for oil and gas exploration in the Great South Basin.

The energy giant Exxon Mobil has agreed to pay about $4 billion for a minority stake in a oil field off the coast of Ghana, a region that has emerged as a major new petroleum province, a person with knowledge of the matter said Tuesday, The New York Times's Jad Mouawad and Zachery Kouwe report.

Exxon Mobil Corp. regained its ranking as the worlda s most valuable company, overtaking PetroChina Co.

Kosmos Energy LLC, a U.S. oil explorer backed by Blackstone Group LP and Warburg Pincus LLC, is in talks to sell its stake in a field off the coast of Ghana to Exxon Mobil Corp.

U.S. stocks rose, extending a global rally, as investors speculated third-quarter earnings will top estimates and Australiaa s central bank raised interest rates on signs of economic strength.

Sanborn Regional High school has received a $750 grant from the ExxonMobil Educational Alliance program to support the school's mathematics program.

Exxon Mobil Corporation and American Idol finalist Elliott Yamin have teamed up to support new malaria prevention projects at the Saint Isabel Orphanage and School in Luanda, Angola.

By Kirsten Korosec Exxon Mobil Chairman and CEO Rex Tillerson renewed his push for a straight tax on greenhouse gas emissions in a speech last night , touting the benefits of a plan that would give companies a predictable cost andA keep the government fromA picking energy winnersA and losers.

The city of Houston is planning to sell two prime blocks in Midtown as part of a consolidation move.

The Department of Energy announced the start of exploration for hydrocarbons in the South Sulu Sea under DoE's Service Contract 56 with the arrival Friday of the drill rig, West Aquarius.

Exxon Mobil Corp. didn't poison New York City's water wells with a gasoline additive meant to improve air quality, a lawyer for the company told jurors.

U.S. stocks declined as technology shares retreated from a one-year high and energy producers dropped as a stronger dollar dragged down oil, overshadowing the biggest gain in home prices in four years.