Exxon Mobil has completed surface section of first Point Thomson gas wellSeptember 14th, 2009 Exxon Mobil has started 1st Point Thomson gas wellANCHORAGE, Alaska — Exxon Mobil has drilled the first section of its first production well at the Point Thomson field on Alaska's North Slope. The Anchorage Daily News reports Exxon plans to complete the well by the end of next year and begin production by the end of 2014.
2 officials in Texas go after the big state benefactor in ExxonAugust 28th, 2009 Pair of Texas officials go after ExxonDALLAS — A pair of elected officials in Texas is going after Exxon Mobil, a name synonymous with the state, for allegedly stuffing abandoned oil wells with piles of junk, sludge and tools so other companies could not drill in the same places. The Texas Supreme Court recently reversed a jury's finding that the world's largest publicly traded oil company intentionally wrecked the wells nearly 20 years ago.
Known for oil, Exxon Mobil focused on growing natural-gas productionAugust 19th, 2009 Exxon focused on expanding nat-gas outputHOUSTON — Exxon Mobil may be synonymous with Big Oil, but two major deals announced this month show the company is focused on expanding natural-gas output. On Tuesday, Exxon said it had reached a 20-year agreement to provide liquefied natural gas to PetroChina Co., Asia's largest oil and gas company, from the yet-to-be developed Gorgon gas field off Australia's far northwest coast.
A look at Australia's Gorgon gas field project and its developersAugust 19th, 2009 A look at Australia's Gorgon gas field projectA snapshot of the Gorgon gas field development off Australia's far northwest coast:
PARTICIPANTS: Exxon Mobil Corp. (25 percent stake), Royal Dutch Shell (25 percent) and Chevron Corp.
Exxon Mobil 2Q profit down 66 percent as lower crude, gas prices cut into earningsJuly 30th, 2009 Exxon Mobil 2Q profit falls a surprising 66 pctExxon Mobil Corp. on Thursday reported its lowest profit in nearly six years, a 66 percent plunge from the second quarter a year ago as the world's biggest publicly traded oil company confronted sharply lower crude and gas prices and anemic demand for refined products.
Exxon says it won't appeal, will pay $470M interest on Valdez oil spill punitive damagesJune 30th, 2009 Exxon to pay interest on Valdez oil spill damagesANCHORAGE, Alaska — Oil giant Exxon Mobil Corp. has decided not to appeal hundreds of millions of dollars in interest on punitive damages resulting from the 1989 Exxon Valdez oil spill.
Federal court orders Exxon to pay $500 million in interest on settlement for 1989 oil spillJune 16th, 2009 Exxon told to pay interest on Alaska spill awardANCHORAGE, Alaska — Exxon Mobil Corp. was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.
Federal court orders Exxon Mobil to pay $507.5 million, plus interest, for 1989 oil spillJune 15th, 2009 Exxon ordered to pay $507.5M for 1989 Alaska spillSAN FRANCISCO — Exxon Mobil Corp. has been ordered to pay $507.5 million in punitive damages to Alaska natives, fishermen, business owners and others harmed by the massive 1989 oil spill off Alaska.
Exxon shareholder activists turn to mutual fund investors to help support resolutionsMay 12th, 2009 Exxon shareholder activists appeal to mutual fundsHOUSTON — A group of Exxon Mobil shareholders is appealing to investors in the nation's biggest mutual funds to help change the oil giant's approach to environmental issues and corporate governance. Longtime activists Robert A.G.
Oil giant says it has started drilling operations at Point ThomsonMay 10th, 2009 Exxon begins drilling at Point ThomsonANCHORAGE, Alaska — Exxon Mobil says it has begun drilling at Alaska's Point Thomson oil and gas field. Patrick McGinn, a company spokesman, says drilling operations were launched Friday.
Oil giant Exxon Mobil says it has started drilling operations at Point Thomson in AlaskaMay 10th, 2009 Exxon begins drilling at Point Thomson in AlaskaANCHORAGE, Alaska — Exxon Mobil says it has begun drilling at Alaska's Point Thomson oil and gas field. Patrick McGinn, a company spokesman, says drilling operations were launched Friday.
Exxon Mobil profit falls 58 percent as lower crude, gas prices cut into earningsApril 30th, 2009 Exxon Mobil profits fall 58 percent to $4.6BHOUSTON — Exxon Mobil says its first-quarter profit fell 58 percent as the world's biggest publicly traded oil company, like smaller rivals, encountered far lower year-over-year oil and gas prices. Exxon Mobil Corp., based in Irving, Texas, said Thursday that earnings for the first three months of the year came to $4.6 billion, or 92 cents a share, down from $10.9 billion, or $2.02 a share, a year ago.
Exxon Mobil 1Q profit down 58 percent as lower crude, gas prices cut into earningsApril 30th, 2009 Exxon Mobil 1Q profit fall 58 percentHOUSTON — Exxon Mobil says its first-quarter profit fell 58 percent as the world's biggest publicly traded oil company, like smaller rivals, encountered far lower year-over-year oil and gas prices. Exxon Mobil Corp., based in Irving, Texas, said Thursday that earnings for the first three months of the year came to $4.6 billion, or 92 cents a share, down from $10.9 billion, or $2.02 a share, a year ago.
Kellogg, Kodak, MGM Mirage, Exxon Mobil, Dow Chemical are big market movers ThursdayApril 30th, 2009 Kellogg, Kodak, MGM Mirage, Exxon Mobil big moversNEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Kellogg Co., up $2.61 at $42.11
The world's largest cereal maker said its first-quarter profit increased on cost cutting measures and beat analyst estimates. Eastman Kodak Co., down 59 cents at $3.05
The photography pioneer said its loss tripled to $353 million in the first quarter as the economic downturn diluted demand.
Exxon Mobil 1Q profit down 58 percent as lower crude, gas prices cut into earningsApril 30th, 2009 Exxon Mobil 1Q profit falls 58 percentHOUSTON — Exxon Mobil Corp. said Thursday first-quarter earnings fell 58 percent from a year ago, its lowest profit in more than five years, as the world's biggest publicly traded oil company saw crude and gas prices fall precipitously.
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