Tag: exxon mobil

California State Senate holds hearing in Torrance on refinery explosion

Refinery owner Exxon Mobil officials, first-responders and representatives of government environmental agencies were scheduled to appear at the public hearing at Torrance City Hall.  More »

New Jersey officially announces $225 million Exxon Mobil settlement

Acting Attorney General John J. Hoffman said the settlement over refinery sites in Linden and Bayonne is separate from Exxon Mobil’s obligation to clean up the sites at its own expense.  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 to cut 2015 budget by 12 percent

Despite the cuts, Exxon said it expects to increase daily production to 4.3 million oil-equivalent barrels through 2017.  More »

Exxon now has more exploration holdings in Russia than in the U.S., despite sanctions

While U.S. and European Union sanctions against Russia forced Exxon to shut down an Arctic drilling project in October, the producer is staking claims to areas that could yield tens of billions of barrels in coming decades.  More »

How much more economic pain can Vladimir Putin take?

It looks like the one-two punch of sanctions and cheap oil are about to wreck Russia.  More »

Lawsuit alleges Exxon denied more claims than paid

Two batches of bad fuel produced at Exxon Mobil in mid-March 2014 caused some Baton Rouge area drivers to experience problems with their intake and valve systems.  More »

Buffett praises Exxon Mobil even after selling oil firm

Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the weekend.  More »

Exxon Mobil settles New Jersey environmental case for a fraction of expected damages

The New Jersey State Department of Environemntal Protection filed the lawsuit in 2004, and a state superior judge had been close to a decision this year before Gov. Chris Christie’s office told the court on Feb. 20 it had settled with Exxon.  More »

Exxon Mobil’s reserves up at the end of 2014

Exxon said it had 25.3 billion barrels of oil-equivalent in reserves at the end of 2014, up from the 25.2 billion oil-equivalent barrel the company had on its books at the end of 2013.  More »

Exxon refinery unit in California down for maintenance before fire

The Oil Price Information Service, which tracks the oil industry, said Thursday the unit was down for two days after problems with a recently repaired component within it.  More »

Dutch authorities put gas revenues ahead of safety, report says following earthquakes

The Dutch Safety Board reached the conclusion in a report prompted by dozens of small but damaging earthquakes caused by gas drilling that have rocked the northern province of Groningen for years, causing structural damage to thousands of buildings.  More »

Fitch: Refinery strikes could send gasoline up if they extend into driving season

In a report released Wednesday, Fitch said the strikes haven’t moved markets for refined products like gasoline, diesel and jet fuel so far, largely because inventories haven’t declined much amid a mild winter and refinery maintenance season in January and February.  More »

Video: Blast hits Exxon Mobil refinery in Southern California

Deuel says a small ground fire was quickly extinguished. He says the flare system was triggered for safety reasons.  More »

Cameron profits rise as orders, backlog decline

Oil equipment maker Cameron International saw profits rise 15 percent in the fourth quarter on higher sales from its drilling and surface businesses, it reported Thursday.  More »
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