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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Exxon Mobil

Exxon Mobil stories: 25 news summaries

1 - 20 of 25 Stories | 1 2 Next >>

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MARKETS

 Dow Up 56 on Oil, Gold 

Energy firms rise as oil adds $3.08

Sep 8, 09 3:21 PM CDT
(Newser) - Stocks posted solid gains today as commodity prices rose, the Wall Street Journal reports. Oil jumped $3.08 to $71.28 a barrel and gold crossed the $1,000-an-ounce mark. Commodity-producing stocks Exxon, Chevron, and Alcoa all saw gains as a result. The Dow added 56 points to close at... More »

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Chevron • Dow Jones • Nasdaq • oil price • S&P 500 • gold prices • Exxon Mobil


 Exxon Admits 
 Killing Birds, 
 Will Pay  
 $600K  

Company fined $600K over deaths of protected birds

Aug 14, 09 8:03 AM CDT
(Newser) - Exxon has pleaded guilty in federal court and agreed to pay $600,000 in fines over the deaths of dozens of birds at its drilling and production facilities, the Los Angeles Times reports. The 85 birds, including owls, waterfowl, and hawks, died after being exposed to hydrocarbons at Exxon's natural... More »

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Exxon • birds • hydrocarbon • US Fish and Wildlife Service • wildlife • environmental offenses • Exxon Mobil

 Exxon to Invest $600M 
 in Algae-Based Fuel 

Will partner with famed genome expert Craig Venter

Jul 14, 09 7:37 AM CDT
(Newser) - Exxon Mobil, the biggest oil company in the world, will invest $600 million in turning algae into fuel, the New York Times reports. Known for blowing off concerns about global warming and dismissing biofuels—its CEO famously called ethanol “moonshine”—Exxon Mobil has in fact been researching alternative... More »

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biofuel • investment • Craig Venter • alternative fuels • Rex Tillerson • Exxon Mobil • algae biofuel • algae

Market Open

 Stocks, Oil Jump Together 


Jun 10, 09 8:49 AM CDT
(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 »

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stock market • Exxon • Chevron • Dow Jones • ExxonMobil • Nasdaq • Caterpillar • commodities • S&P 500 • Exxon Mobil • oil prices

Exxon Mobil Profits Plunge 58% on Low Oil Prices

Low year-over-year pump prices, oil demand drive revenue down

Apr 30, 09 7:57 AM CDT
(AP) - Exxon Mobil’s first-quarter profit fell 58% from the previous year to $4.6 billion—its lowest profit in more than 5 years—as the world's largest publicly traded oil company, along with the rest of the industry, saw gas prices deflate dramatically. This time last year crude was in... More »

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oil • earnings reports • gas prices • Exxon Mobil • oil prices

Exxon Retakes Top Spot in Fortune 500

Wal-Mart slips to second in 'worst-ever' year for the 500

Apr 20, 09 6:00 AM CDT
(Newser) - Exxon Mobil snagged a whopping $443 billion in revenue to unseat Wal-Mart from the top spot in this year's Fortune 500 list, CNN reports. The two behemoths thrived on jacked-up oil prices and the recession respectively, but the picture was a lot bleaker for most of the rest of the... More »

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Fortune 500 • recession • corporate earnings • Wal-Mart • Exxon Mobil

Big Oil Blows Off Obama's Clean-Energy Push

Firms say alternatives won't replace oil anytime soon

Apr 8, 09 8:18 AM CDT
(Newser) - As the Obama administration seeks to spearhead a $150 million clean-energy overhaul, oil firms are conspicuously not getting on board—they're staying on the sidelines and, in many cases, betting against it, the New York Times reports. Shell is freezing its development work on wind, solar and hydrogen power, after... More »

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oil • alternative energy • clean energy • Exxon Mobil • Big Oil • Obama administration

(Newser) - In times like these, everyone’s got problems. Exxon and Chevron? Finding safe places to stash $40 billion they stockpiled while oil prices were stratospheric last summer. “The biggest challenge we’ve had is making sure all the cash is there every morning,” Exxon’s CEO tells Bloomberg,... More »

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Exxon • Chevron • oil price • Exxon Mobil • Big Oil • cash • credit default swap


 Exxon Breaks Own 
 Profit Record 
 With $45B Haul 

The oil behemoth shattered the annual profit record despite slow fourth quarter

Jan 30, 09 8:13 AM CST
(AP) - Buoyed by last year's spike in crude prices, Exxon Mobil Corp. today reported a profit of $45.2 billion for 2008, breaking its own record for a US company, even as its fourth-quarter earnings fell 33%  from a year ago. The previous record for annual profit was $40.6 billion,... More »

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United States • earnings reports • corporate earnings • Exxon Mobil • oil prices • oil demand

 Madoff Fund Made No Trades 

Records of trades don't match stock prices

Jan 16, 09 2:35 AM CST
(Newser) - The fund run by Wall Street swindler Bernie Madoff apparently did not execute a single trade the entire time it was raking in billions of dollars in investment cash from unsuspecting clients, reports Reuters. Monthly statements of trades from Madoff were pure fiction that kept up appearances in the $50... More »

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Microsoft • SEC • Amgen • Exxon Mobil • Bernard Madoff • Financial Industry Regulatory Authority • Bernard L. Madoff Investment Securities • Rampart Investment Management

 Fat Cat Exxon Primed to Deal 

Behemoth stood still when oil hit record highs, now has $40B for buying spree

Jan 12, 09 10:22 AM CST
(Newser) - Flush with cash after resisting costly acquisitions while oil prices hit record highs, Exxon Mobil could be ready for a shopping spree that could alter the face of the world’s energy supply, reports the Wall Street Journal. The company has nearly $37 billion in reserves and could target another... More »

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Brazil • mergers and acquisitions • Royal Dutch Shell • oil companies • Rex Tillerson • Exxon Mobil • Big Oil • oil prices

(Newser) - A year of flush oil prices is paying off nicely for Exxon Mobil chief Rex Tillerson. He will get a $4 million bonus this year and a 10% increase in salary next year to $2.06 million, Reuters reports. Tillerson also will receive 225,000 shares of restricted stock. In... More »

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Exxon • bonuses • Rex Tillerson • Exxon Mobil • oil industry

 Exxon Mobil 
 Shatters Own  
 Record With 
 $14B Profit

Company earned $14.8B last quarter

Oct 30, 08 8:25 AM CDT
(AP) - Exxon Mobil breezed by its own record for the biggest quarterly profit for a US corporation, earning $14.83 billion in the third quarter. Bolstered by this summer's record crude prices, net income jumped nearly 58%, or $2.86 a share, for the world's largest publicly traded oil company. Exxon... More »

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stock market • Wall Street • earnings reports • profit growth • quarterly profits • oil companies • Exxon Mobil

PR Blitz Aside, Big Oil Drilled Consumers for Stockholders

As demand drops, companies shelve plans to explore—among moves that benefit shareholders, not consumers

Oct 28, 08 12:43 PM CDT
(Newser) - Despite public-relations campaigns designed to make consumers think otherwise, big oil companies remain firmly tied to doing what’s best for their stockholders and bottom line, the Los Angeles Times reports. Though demand has outstripped production, companies spend more on stock buybacks than supply-boosting exploration. But, one analyst notes, “... More »

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shareholders • gas prices • alternative fuels • Royal Dutch Shell • oil companies • Exxon Mobil • Big Oil

MARKETS

 Earnings Push Stocks Lower 

China's GDP slowdown spooks investors as well

Oct 21, 08 3:35 PM CDT
(Newser) - Stocks fell today as a wave of poor earnings soured investor confidence across the board, though the continued drop in interbank lending rates kept losses in check, the Wall Street Journal reports. The Dow closed down 231.77 at 9,033.66. The Nasdaq fell 73.35 to 1,696.... More »

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China • Chevron • Citigroup • Dow Jones • American Express • Nasdaq • S&P 500 • Exxon Mobil • financial crisis

MARKETS

 Dow Finishes Down 733 

Bad data pummels equities; oil drops below $75 per barrel

Oct 15, 08 3:21 PM CDT
(Newser) - Stocks continued to slide in the final hours of the trading day as retail sales and manufacturing activity slowed while core inflation jumped, the Wall Street Journal reports. Oil slid $4.09 to $74.54 a barrel, its lowest price in 2008. The Dow closed down 733.08 at 8,... More »

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Chevron • Citigroup • Dow Jones • Nasdaq • S&P 500 • Exxon Mobil • oil prices • financial crisis

Big Oil Takes Big Hit in Stocks' Dive

Demand slows, but company coffers
plenty full ... for now

Oct 7, 08 2:57 PM CDT
(Newser) - Oil companies’ stocks are plummeting, but the majors are comfortable with long-term plans and bulging coffers, the Wall Street Journal reports. The global economy is pushing crude prices down, and analysts think measures are necessary to keep share prices up. But larger outfits like Exxon made investments based on lower... More »

MORE ABOUT:
BP • credit crisis • stock price • oil companies • Exxon Mobil • oil prices • oil demand • financial crisis

 Iraq Dumps 
 Western Oil Deals 

Plans scrubbed as talks drag on too long

Sep 11, 08 3:04 AM CDT
(Newser) - Iraq has scrubbed plans to award six coveted no-bid contracts to Western oil companies, the New York Times reports. Negotiations with the oil giants—including Exxon Mobil, Chevron, Shell, BP and others—dragged on for too long, said Iraq's foreign minister. The companies would have been unable to complete work... More »

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Iraq • oil • Iraq oil • Shell • Chevron • Hussain al Shahristani • oil companies • Exxon Mobil • China National Petroleum Corp.

 Oil Down Sharply 
 as Gustav Weakens 

With crude at $111 a barrel, analysts surprised at market's tame reaction to threat

Sep 1, 08 5:32 PM CDT
(AP) - Oil prices tumbled to $111 a barrel today as Hurricane Gustav weakened along the Gulf Coast, posing less of a threat than forecast to oil drilling and refining operations. A stronger dollar also contributed to the average retail gas price being down slightly at $3.686 a gallon, the AP... More »

MORE ABOUT:
oil refineries • Gulf Coast • Exxon Mobil • oil prices • Hurricane Gustav

MARKETS

 Oil Drops; Stocks Follow  

Gray day on Street ahead of Fed's policy meeting

Aug 4, 08 3:35 PM CDT
(Newser) - Stocks closed down today, giving back gains from an early rally despite a nearly $4 drop in crude oil prices as worries about economic growth and inflation persisted, the Wall Street Journal reports. The Dow fell 42.17 to close at 11,284.15, the Nasdaq lost 25.40 and... More »

MORE ABOUT:
inflation • Chevron • economic growth • Federal Reserve • Dow Jones • Nasdaq • HSBC • S&P 500 • financial stocks • Exxon Mobil

1 - 20 of 25 Stories | 1 2 Next >>


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