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Exxon Mobil Corp.

EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

Four Houston oil companies among Goldman Sachs’ picks for likely acquisition targets

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A new report makes says giants like Exxon Mobil and Chevron could be targeting shale exploration and productions companies with strong assets and balance sheets.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

Updated: Exxon lobbyist revises federal disclosure deport on Iran work

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Former U.S. Senator Don Nickles, who runs a Washington lobbying firm, revised a federal disclosure report about work for Exxon Mobil Corp. to say his company was enlisted to monitor legislative activity related to Iran, not to lobby.
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon profits fall 46 percent amid cheap crude

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The Irving oil giant made $4.9 billion, or $1.17 a share, in January-March period, compared to $9.1 billion, or $2.10 a share, in the same period the year before. Quarterly revenues plunged from $106.3 billion to $67.6 billion.
(LM Otero/AP)

Exxon might be next in line for mega deal, analysts say

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Exxon Mobil Corp. could be the next big oil firm to pull off a major corporate takeover like Royal Dutch Shell’s $70 billion bid this week for BG Group, Morgan Stanley analysts say.
Interior Secretary Sally Jewell is briefed before a March 18, 2015 government auction of drilling rights in the central Gulf of Mexico. (Photo: Bureau of Ocean Energy Management)

Feds collect millions in Gulf oil drilling sale, despite falling prices

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Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.
(Kimberly White/Bloomberg News)

Fuel-thirsty California looks to Eastern Canada, Asia for supply

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Tankers are bound for California after a spate of refinery shutdowns that propelled the premium for the state’s special blend of gasoline to a seasonal record.
ExxonMobil Chairman and CEO Rex Tillerson (AP/Haraz N. Ghanbari)

Exxon CEO: Get used to lower oil prices

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Speaking at the company’s annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.
(Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images)

Exxon Mobil raises $8 billion in its largest bond offering

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Exxon holds top triple-A credit ratings from Moody’s Investors Service and Standard & Poor’s, making it one of only three U.S. corporations that stand on nearly equal footing with governments in debt markets.
(Paul O'Driscoll/Bloomberg News)

Shell calls on Big Oil peers to speak up on climate change

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While Shell, along with BP Plc, have led the oil industry in acknowledging climate change as a risk, the producers have avoided forums such as the annual United Nations climate talks.
(LM Otero/AP)

Exxon cuts share buybacks as fourth-quarter profit slides

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Exxon said it wouldn’t pull too far off the throttle given lower priced oil and gas, and executives said the company was willing to take on debt in order to hold up its dividend and to make the most of any opportunities the company saw amid collapsing crude prices.