Search Results for: Exxon Mobil
Exxon Mobil, Tillerson agree to cut all ties
January 4th, 2017
Exxon Mobil Corp (XOM.N) and Rex Tillerson agreed to sever all ties to comply with conflict-of-interest requirements as the company’s former chairman and chief executive awaits confirmation as U.S. secretary of state. If his appointment is confirmed, the value ...
Exxon Mobil unit to pay $1.4 million penalty
August 27th, 2014
An Exxon Mobil Corp unit has agreed to pay $1.4 million to resolve U.S. government claims over a 2012 crude oil spill in Louisiana, the U.S. Justice Department said on Tuesday. ExxonMobil Pipeline Company discharged 2,800 barrels of crude ...
Exxon Mobil reports profit 28 percent
July 31st, 2014
Exxon Mobil Corp, the world’s largest publicly traded oil company, on Thursday reported better-than-expected quarterly profit on Thursday on higher prices for crude and natural gas. The company said net income rose to $8.78 billion, or $2.05 per share, ...
Energy giants ExxonMobil and BP released their full Year and 4Q Results
February 3rd, 2016
The international energy companies ExxonMobil and BP have issued press releases to publish their full Year and 4Q Results. ExxonMobil ExxonMobil Earns $16.2 Billion in 2015; $2.8 Billion During Fourth Quarter Focus remains on business fundamentals, including project execution ...
ExxonMobil’s Russian ‘Cooperation’ in Arctic Despite Sanctions
August 12th, 2014
Despite sanctions from the West on Russian oil companies, President Vladimir Putin is praising ExxonMobil as a potential cooperator to begin an oil drill project in the Arctic. “Today, commercial success is driven by efficient international cooperation,” Putin told ...
Exxon sues U.S. over $2 million Russian sanctions fine
July 21st, 2017
The U.S. Treasury Department on Thursday imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, ...
New York investigating Exxon over climate statements: source
November 6th, 2015
The New York attorney general has launched an investigation into whether Exxon Mobil Corp (XOM.N) misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial ...
Venezuela ordered to pay $1.6 billion to Exxon
October 10th, 2014
International arbitration panel rules against South American nation in oil project complaint. An international arbitration panel has ordered Venezuela’s socialist government to pay $1.6 billion to ExxonMobil for the seizure of a major oil project in the South American ...
U.S. Oil Export ban no longer necessary says Exxon Chief
October 7th, 2014
Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on liquefied natural gas (LNG) would increase America’s energy and ...
Oil prices drop: Winners & losers
November 29th, 2018
In recent times, oil prices may have risen in one or two trading sessions. But, those are dead cat bounces! Lest we forget, oil has now lost nearly a third of its value amid volatility since early October. For ...
