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July 23, 2008 9:03:22 PM CDT

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Stories related to: Exxon

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11 Stories

  • May 2008

    • As Gas Spikes, Profit Scarce for Station Owners

      newser  |  Washington Post  |  May 25, 08 1:13 PM CDT

      As Gas Spikes, Profit Scarce for Station Owners

      Feeling sorry for gas station owners might be more than the average consumer can muster these days, but, reports the Washington Post, the emotion might not be misguided. Oil giants like Exxon cut owners' profit margins and raise rents, while micromanaging details down to which shelf franchisees place soda on. If the owner raises the price per gallon a few pennies, Exxon spikes its wholesale price, leaving little room for earnings. More »

      Tags

      gas prices  • gas  • fuel costs  • Exxon  • gas stations

    • Guess What Oil Execs Make

      newser  |  Associated Press  |  May 21, 08 8:19 PM CDT

      Guess What Oil Execs Make

      Big Oil executives today were grilled by the Senate on soaring prices, and Sen. Patrick Leahy asked for their salaries, the AP reports. Here's what they said: J. Stephen Simon, Exxon: $12.5 millon. John Lowe, ConocoPhillips: Did not recall Peter Robertson, Chevron: Did not recall. John Hofmeister, Shell, $2.2 million. Robert Malone, BP America, $2 million. More »

      Tags

      Patrick Leahy  • oil companies  • Exxon  • Chevron  • ConocoPhillips  • Shell

    • High Court OKs Apartheid Cases

      newser  |  Reuters  |  May 12, 08 7:14 PM CDT

      High Court OKs Apartheid Cases

      Apartheid victims can sue corporations that dealt with South Africa’s government before 1995, the Supreme Court said today. But the judges did not render a decision, as four of the nine recused themselves, likely due to personal stock holdings. The claims seek $400 billion from companies including Exxon, Citigroup, and GM. More »

      Tags

      US Supreme Court  • General Motors  • Citigroup  • South Africa  • apartheid  • Exxon

    • Stocks Rally; Dow Up Almost 200

      newser  |  MarketWatch  |  May 1, 08 3:24 PM CDT

      Stocks Rally; Dow Up Almost 200

      Stocks rallied today on strong performances by several big tech firms, MarketWatch reports. Investors also poured money into financials in anticipation of the dollar boost the Fed will cause by holding interest rates steady after yesterday’s cut. The Dow climbed 189.87 to at 13,010.00, the Nasdaq rose 67.91 to 2,480.71, and the S&P 500 jumped 23.72 to 2,480.71. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Ben Bernanke  • Intel  • interest rate cut  • Exxon  • Symantec

  • February 2008
  • December 2007
  • November 2007

    • Demand for Oil May Pass Output by 2012

      newser  |  Wall Street Journal  |  Nov 19, 07 10:07 AM CST

      Demand for Oil May Pass Output by 2012

      Production limits, not supply, could prompt an oil crisis in less than a decade as efforts to reduce demand and introduce alternative fuels trail growth in the world’s oil needs, the Journal reports. Oil companies currently produce 85 million barrels daily; some experts say they'll hit a wall at 100 million barrels—far below projected world demands, and a recipe for shortages and skyrocketing prices. More »

      Tags

      oil production  • oil supply  • solar energy  • Exxon  • oil refineries  • IEA

  • October 2007

    • Stocks Dip on Bad Oil News

      newser  |  Bloomberg  |  Oct 8, 07 3:40 PM CDT

      Stocks Dip on Bad Oil News

      Stocks fell today as oil producers and miners faced fears a slow economy would hamper demand. Crude dropped as low as $78.98 as Columbus Day brought the slowest trading session of the year; the Dow closed at 14,043.73, down 22.28. Exxon and Occidental both saw declines, and copper led tin, lead, aluminum, and nickel into negative territory, Bloomberg reports. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • crude oil  • miners  • Alcoa  • Exxon  • quarterly reports

  • August 2007
  • April 2007

    • Big Oil Shut Out Of Iraq Deals

      newser  |  CNN  |  Apr 6, 07 8:24 AM CDT

      Big Oil Shut Out Of Iraq Deals

      U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive Iraqi sentiment. "They have no involvement with the secular or ethnic people," an Iraqi energy analyst says. "The conditions favor them." More »

      Tags

      Iraq  • China  • India  • United States  • oil  • business  • Indonesia  • Vietnam  • ExxonMobil  • fuel  • BP  • Exxon  • Chevron  • Iraq oil  • Shell

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