Tag: Exxon Mobil Corp.

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

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.  More »

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

Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.  More »

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

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.  More »

Exxon CEO: Get used to lower oil prices

Speaking at the company’s annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher.  More »

Exxon Mobil raises $8 billion in its largest bond offering

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.  More »

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

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.  More »

Exxon cuts share buybacks as fourth-quarter profit slides

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.  More »

Exxon Mobil updates anti-discrimination employment policy

Spokesman Alan Jeffers said Friday that the Irving, Texas-based oil giant added these protections to comply with federal law.  More »

Pipeline breach spills oil into Yellowstone River

Bridger Pipeline Co. said in the statement that it shut down the 12-inch-wide pipeline shortly before 11 a.m. Saturday.  More »

Microsoft passes Exxon as 2nd most valuable co.

Exxon’s shares have been falling recently, along with the price of oil.  More »

Plaintiffs accuse Exxon of stifling Arkansas oil spill case

In 2013, the Pegasus pipeline ruptured in central Arkansas, spilling thousands of gallons of oil in a Mayflower neighborhood.  More »

Oil slump means canceled projects as investment declines

With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts.  More »

Statoil announces Tanzania gas discovery

The Norwegian energy company has had a presence in Tanzania since 2007.  More »

Petrochemical boom pumps cash into local communities but strains infrastructure

As chemical plants rush to take advantage of the cheap, abundant natural gas unleashed by the U.S. shale boom, industry and local communities like Baytown and Mont Belvieu have been forced to strike a delicate balancing act between embracing the flurry of new construction activity while maintaining good quality of life for residents.  More »

Exxon, Pemex sign cooperation agreement

The companies agreed to analyze exploration, drilling and refining opportunities.  More »
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