ExxonMobil

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Here, Interns Can Earn $96K a Year

Facebook's interns are a lucky bunch

(Newser) - Contrary to popular belief, it is possible to keep a rewarding internship and a roof over your head . If you're prepared for a fight, you can find a great internship that also pays well—$8,000 per month in the case of Facebook. Here are the companies offering the... More »

Rex Tillerson Used Email Alias 'Wayne Tracker' at Exxon

At least in missives about climate change, says New York attorney general

(Newser) - An investigation into whether Exxon Mobil misled investors regarding its knowledge of climate change has revealed that former CEO and current Secretary of State Rex Tillerson used an alias email address to discuss the subject, says New York's attorney general. In a letter to a New York judge on... More »

White House Press Release Copies ExxonMobil's

Both releases contained identical paragraph

(Newser) - The White House and ExxonMobil were literally on the same page Monday when a White House statement on the oil giant's investment plan lifted an entire paragraph from an Exxon press release issued around 30 minutes earlier. Both statements praised how the company is "strategically investing in new... More »

Rex Tillerson Makes $240M Exit From Exxon

He'll sell stock, with value of deferred stock put in trust

(Newser) - Rex Tillerson will take a $180 million retirement deal and make a complete break from ExxonMobil if confirmed as secretary of state. In a deal announced Tuesday, Exxon says the former oil executive who resigned on Dec. 31 will sell his 611,000 shares of Exxon, worth about $55.5... More »

Leak Reveals Another Tillerson-Russia Tie

He headed Exxon's Russian subsidiary

(Newser) - Documents leaked to a German newspaper have revealed that Rex Tillerson has even stronger ties to Russia than first thought, the Guardian reports. The ExxonMobil CEO spent years as a director of Exxon Neftegas, Exxon's Russian subsidiary based in the Bahamas for tax purposes, according to corporate documents leaked... More »

Trump Picks Rex Tillerson, but Path Will Be Tricky

Secretary of state hearings likely to focus on Russia, conflicts of interest

(Newser) - Donald Trump confirmed Tuesday morning that Rex Tillerson is his pick to be secretary of state—but the ExxonMobil chief's path to confirmation is not expected to be an easy one. The Washington Post reports that some GOP senators may be unwilling to support Tillerson because of his ties... More »

Multiple Reports: Tillerson Is Pick for Secretary of State

Trump expected to name ExxonMobil chief his nominee on Tuesday

(Newser) - It's Tillerson: Multiple outlets were reporting Monday night that Donald Trump has settled on ExxonMobil chief Rex Tillerson to be his secretary of state. Among those reporting the news in advance of a formal announcement Tuesday were the New York Times , the Washington Post , the AP , and CNN . All... More »

One of South America's Poorest Countries Has Struck Oil

Find excites but worries Guyana

(Newser) - Guyana has long been one of the hemisphere's poorest places, a sparsely populated nation on South America's northern shoulder that relies heavily on exports of sugar, rice, and gold. But these days, there's a surge of excitement about an anticipated windfall from major oil-and-gas deposits found in... More »

ExxonMobil CEO: World Needs Our Oil, 'Like It or Not'

Cutting oil production 'not acceptable to humanity': Rex Tillerson

(Newser) - Keep the oil taps flowing for the good of the people, the CEO and chair of ExxonMobil appealed to shareholders at what the Guardian says was a "long and fractious" annual meeting in Dallas on Wednesday. Rex Tillerson told attendees the oil giant had already pumped $7 billion into... More »

Scientist: Exxon Knew of Climate Change in 1981, Lied

'Guardian' explores explosive claims in newly uncovered email

(Newser) - Exxon was ahead of the game on climate change. According to Lenny Bernstein, who spent 20 years there as a climate expert, the company knew about the link between fossil fuels and climate change in 1981—seven years before the issue truly became public. But for the next 27 years,... More »

Carbon Tax Looming, Big Business Gets Ready to Pay Up

Dozens of US companies factoring price into financial plans

(Newser) - First came news that 90 companies are to blame for the majority of greenhouse gas emissions. Now, more than two dozen big US corporations are planning for a future that involves paying for their pollution. A survey by green-data firm CDP shows that 29 companies, including Exxon, Chevron, and Walmart,... More »

Teed-Off Ladies Still Barred at Augusta

Even CEO of Masters sponsor IBM is female-non-grata

(Newser) - The prestigious Augusta National Golf Club, host of the Masters, seems to be sticking to its maddening policy of banning female members. Augusta National Chairman William Porter Payne won't even deign to publicly discuss the issue. Some critics believe it's long past time to extend an invitation to... More »

Apple Becomes Most Valuable Company in World, Briefly

It overtakes Exxon for No. 1 spot before falling back again

(Newser) - For the first time since 2005, ExxonMobil found itself only the second-most valuable company in world: Apple briefly took the No. 1 spot today before relinquishing it. Analysts think a more permanent changing of the guard will happen soon, however. At one point today, Apple's market capitalization reached $347.... More »

Exxon Discovers Huge Oil Field in the Gulf

Company expects to get 700M barrels

(Newser) - Exxon announced the discovery of two oil wells and a natural gas deposit in the deep water of the Gulf of Mexico that could collectively contain 700 million barrels. Two of the finds had been made in 2009 and 2010, but the company waited until today to unveil the amount... More »

Palin: Don't Trust Foreign Oil Companies

Like that no-good BP, which used to employ Todd Palin

(Newser) - Sarah Palin is fired up about the Gulf Coast oil spill, and she's taking away a powerful lesson: Don't trust foreigners, like those tea-sippers over at British Petroleum. “Gulf: Learn from Alaska's lesson w/foreign oil co's: don't naively trust—VERIFY,” she wrote on Twitter . That sounds great and... More »

Dow Starts February Up 118

Exxon's quarterly results beat expectations

(Newser) - Stocks rallied today on a strong earnings report by ExxonMobil and data showing the US factory sector performed well in January, the Wall Street Journal reports.
  • The Dow added 118.30 points to close at 10,185.53.
  • The Nasdaq gained 243.85, closing at 2,171.20.
  • The S&
... More »

In Televised Auction of Oil Contracts, Iraq Plays Hardball

Oil ministry plays hardball on prices

(Newser) - The Iraqi oil industry has been nationalized since 1972, but today the country is awarding the first contracts in decades to private petroleum companies—live on television. So far a joint bid by British Petroleum and a Chinese firm has won the first contract, for a 17 billion-barrel field in... More »

Stocks, Oil Jump Together

(Newser) - Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71... More »

20 Years After Spill, Valdez Oil 'Harmless'

Few remaining deposits don't threaten life in Alaskan waters: scientists

(Newser) - Nearly 20 years after the Exxon Valdez spill, what little oil remains in the soiled Prince William Sound is harmless to plant and animal life, scientists agree. The last oil deposits remain deep in the cracks between shoreline rocks, inaccessible to animals and degraded enough to be "biologically insignificant.... More »

Supplies Drop as Big Oil's Power Shrivels

State-owned firms don't churn it out like Shell

(Newser) - A rapidly changing world order has left the giant oil companies all monied up with nowhere to drill, the New York Times reports. The Western oil giants' share of production has plummeted from over half in the 1970s to just 13% today. Production is falling as oil supplies remain in... More »

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