Exxon Mobile and Cultural Diversity ManagementThe following report will discuss diversity within Exxon Mobile and how they manage diversity from over 100 different international locations. The report will discuss an overview of Exxon, how they manage diversity in the workplace, how they manage diversity in teams, and Exxon’s recommended approach to managing diversity. Exxon Mobile was chosen as
Thanks to investigative reporter Greg Palast for reminding us, amidst all the fuss over the US Supreme Court's recent big cases in the news - the gun rights case, and the Guantanamo detainees' habeas corpus case, among others - that the US Supreme Court just gave a huge gift, worth about $2 billion, to Exxon this past week: Greg Palast: Court Rewards Exxon for Valdez Oil Spill.
Yes, we knew it
Thanks to investigative reporter Greg Palast for reminding us, amidst all the fuss over the US Supreme Court's recent big cases in the news - the gun rights case, and the Guantanamo detainees' habeas corpus case, among others - that the US Supreme Court just gave a huge gift, worth about $2 billion, to Exxon this past week: Greg Palast: Court Rewards Exxon for Valdez Oil Spill.
Yes, we knew it
By Judy Dugan
OilWatchdog.org
This week’s big win by Exxon in the U.S. Supreme Court should make Americans think twice about letting Exxon and friends resume drilling for oil off the Atlantic and Pacific coasts. If the idea of court-ordered punitive damages is to prevent and punish corporate wrongdoing, ExxonMobil just got [...]
Every time the market thinks oil won't go higher, it does. Today it hit $140. To be fair, OPEC president Chakib Khelil said oil could reach $150 to $170 this...
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From Grist.org
"With public alarm over global warming at an all-time high, team owners of the Nationals baseball team spent millions for a "healthy Earth" park, with environmental features like low-flow plumbing and energy-efficient lighting. The new park has been officially declared a 'green facility' by the National Green Building Council, the first of its kind in American sports
Exxon Mobil Corporation is a U.S.-based oil and gas company that maintains an employment level approximately 82,100 employees in over 100 different countries (ExxonMobile, 2007). These different countries and locations bring together tens of thousands of people from different backgrounds and cultures. ExxonMobile must manage these differences and coordinate the work of these individuals in order
Exxon Mobil Corp. has failed to convince the Supreme Court to halt a human rights lawsuit against it. The justices, without comment, on Monday rejected the energy company's appeal of a ruling on a 2001 lawsuit filed by International Rights Advocates on behalf of 11 villagers in Indonesia's Aceh province. The suit, which did not seek a specific amount of damages, alleged that members of the Ind
Last night during the Celtics game, I worked on beading my Exxon gas station sign. If you're just passing by, this sign will be included in a much larger piece which features my beaded Boston trolley train and Citgo sign. I cut out a piece of black vinyl and started stitching some seed beads onto the 'wrong' side of it. I used 4 colours altogether: size 11 transparent red, hex-cut red, size 11 tra
Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.
The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the US.
The Irving, Texas-based company didn’t [...]
According to Gay.com:"ExxonMobil shareholders Wednesday voted record support to a resolution to add sexual orientation and gender identity to the company's nondiscrimination policy, though they were unable to win a full majority.The percentage in favor of the policy change has grown consecutively over nine years, with 39.6 percent of shares voted in favor of the policy this year, according to the
Just as they've done every year since 2000, the ExxonMobil shareholder have rejected a proposal to add sexual orientation and gender identity to their non-dicrimination policies: Exxon Refuses to Recognize Gay Rights (Again) [Edge] So LGBT folks and allies: When...
Being related, distantly, to the founder of the company which became Exxon (XOM), did not help the Rockefellers. They were at the front of a group of...
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The U.S. Supreme Court on Wednesday seemed inclined to reduce the $2.5 billion award of punitive damages to victims of the Exxon Valdez disaster. As you can recall “Exxon Valdez” is considered one of the most devastating man-made environmental disasters ever to occur at sea. It occurred at Prince William Sound, Alaska, United States, [...]
Andrew Clark in New York guardian.co.uk - Monday May 19 2008 A shareholder revolt at ExxonMobil led by the billionaire Rockefeller family has won the support of four significant British institutional investors who will call on Monday for a shakeup in the governance of the world's biggest oil company. Guardian.co.uk has learned that F&C Asset Management, Morley Fund Management, the Co-Op
Oil companies are not typically the stuff of break-up actions. What would be the purpose of knocking Exxon Mobil (XOM) or Conoco (COP) into two pieces? Some of...
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I obtain a lot of traffic to The Conservation Report from people searching the words or phrases:“Oil spill”“Exxon Valdez”“Pictures of the Exxon Valdez oil spill”“Exxon Valdez oil spill effects”I have had very few images from Exxon Valdez but I have written about the subject here. To help these folks researching the Exxon Valdez oil spill I have provided the following images from www.photolib.noaa.gov:The Exxon Valdez oil spill:Image ID: line1526, NOAA's America's Coastlines CollectionLocation: Prince William Sound area, AlaskaCredit: EXXON VALDEZ Oil Spill Trustee CouncilThe Exxon Valdez oil spill cleanup:Image ID: line1527, NOAA's America's Coastlines CollectionLocation: Prince William Sound area, AlaskaCredit: EXXON VALDEZ Oil Spill Trustee CouncilThe Exxon Valdez oil sp
The Anchorage Daily News has a fascinating story of an eagle that suffered from crude oil poisoning after the Exxon Valdez oil spill. The raptor was supposed to die but survived almost 20 years afterwards. More at the Anchorage Daily News, AK.Image Found Here
The oil giant earned $10.9 billion in profits during the first fiscal quarter of 2008, up 17 percent from the previous year. Thank God George W. Bush keeps giving subsidies to the oil companies. Not many people can get by on 40 billion dollars a year.read more | digg story
Exxon: Profit Pirate or Tax Victim?The oil giant paid $9.3 billion, or 49% of its first-quarter gross income, in income taxes. Is that enough? Depends on who you talk to Link - Thu, 01 May 2008 21:01:00 GMT - Feed (1 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe DealMeRSS.com - Great Deals Delivered Every Day
Wall St. didn't think much of Exxon's (XOM) earnings. That is odd because the company made an obscene $10.9 billion. The stock is off over 2%. The oil...
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Members of the Rockefeller family are calling on Exxon Mobil Corp. to make governance changes and increase spending on alternative fuels, sharpening the focus on the company’s practices as oil soars close to $120.
exxon mobil indonesia[psikologi_net] Terjajah Exxon Mobil di Cepu --Kwik Kian GieSitus Lowongan Kerja M3-Blog TerbesarStop ExxonMobil - Newsroomdetikcom - ExxonMobil Indonesia Nilai Gugatan Blok Cepu Salah AlamatSTT MIGAS Balikpapan - Lowongan di ExxonMobil Oil Indonesia IncSampoerna FoundationKerjasama LKC Exxon Mobil Indonesia - Arsip BeritaANTARA :: Buruh dan Mahasiswa Demo Desak ExxonMobil DinasionalisasiVoice of Human Rights News Centre - News: Exxon Mobil Telah ...Kompas-TV.com :: OnLine News and Information on Video Streaming ...PT.Pertamina (Persero) , Indonesia - Corporate Website | Pertamina ...PT ExxonMobil Indonesia Pasok16 Jip Antipeluru ke AcehUniversitas Indonesia | Beasiswa Exxon MobilESDM - Sekjen DESDM Serahkan LCC Eks ExxonMobil ke Universitas ...WALHI - Kebocoran Pipa
Exxon Mobil Corp. (NYSE: XOM) has just given another vote of confidence on higher oil prices, or so it would seem. "BIG OIL," or dare we say "Standard Oil,"...
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In late March, I alerted readers to a triangle forming in Exxon Mobil (XOM). The stock broke out from its triangle and continued higher in textbook fashion. The upward trend was steady and pretty easy to trade. Importantly, XOM's breakout and follow-through rally helped the S&P 500 ($SPX) and Dow Jones Industrial Average ($INDU) move higher.You see, XOM is the largest stock in the U.S. by market cap. As of this morning, XOM's market cap is around $492 billion. This makes XOM the largest component in the S&P 500, which is a market cap weighted index. XOM represents a little over 4% of the S&P 500.Also, XOM is a high priced stock (don't confuse this with valuation). At $92, XOM is high in share price. XOM accounts for about 5.9% of the Dow Jones Industrial Ave
Exxon v. Baker - ScotusWiki
Higher Oil Prices Help Exxon Again Set Record Profit …
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Exxon v. Baker - ScotusWiki
A $250 Gas Card Makes a Great Gift!
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Watch the triangle unfolding in Exxon Mobil (XOM). It could break in either direction.The apex of the triangle is at $86, which is right where XOM is trading today. An advance past $89 would mark a breakout to the upside, with confirmation coming after a move beyond $90.A drop below $83 would mark a breakdown, with confirmation coming if the stock declines below $81.XOM is arguably the most important stock in the U.S. market. Why? It's the biggest with a market cap of about $460 billion. XOM has a huge impact on the S&P 500; keep close watch of the triangle in XOM and its impact on the broader market.
Reuters ran a pretty interesting article regarding Exxon Mobil Corp. (NYSE: XOM) today that really hasn't gotten much coverage. Apparently, its Esso...
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El presidente de Venezuela, Hugo Chávez, reiteró ayer su satisfacción por la victoria moral y jurídica conseguida la pasada semana por Petróleos de Venezuela S.A (PDVSA) ante la transnacional petrolera Exxon Mobil en un tribunal de Londres, calificándola como una victoria "histórica". "Estamos aquí para celebrar la gran victoria contra el imperialismo, la gran victoria moral, un triunfo jurídico y quiero felicitar a nuestros abogados y abogadas que dieron esa gran batalla en Londres", puntualizó el mandatario. Chávez expresó además su agradecimiento a la directiva de Petróleos de Venezuela y el cuerpo de abogados que representaron a la principal industria del país, en los tribunales internacionales, recalcando que esta es una nueva victoria del "Gobierno nacional sobre e
Después de ser escuchados los argumentos legales presentados por Petróleos de Venezuela, el Tribunal Superior de Inglaterra y Gales, decidió rechazar la petición de la Exxon para congelar 12 mil millones de dólares de activos de la estatal Petróleos de Venezuela (PDVSA) "He concluido que la orden judicial (...) debería ser anulada", dictaminó el magistrado Paul Walker.Los medios de comunicación Inglesa que cubrieron la noticia, le dieron covertura mediática de un día, en otro medios ni se le dio la importancia, la derrota parece avergonzar al gremio de políticos que trataron de instrumentalizar la ley, con propositos ajenos a los mecanismos de justicia. A quién interesa si Venezuela lograra una victo
thinkprogress.orgYesterday, the Supreme Court heard oral arguments on how much money ExxonMobil should be forced to pay as damages for its Exxon Valdez oil spill 19 years ago. The Washington Post's Dana Milbank notes that Chief Justice John Roberts appeared "bothered" that Exxon might have to pay for its destruction:What bothered the chief justice was that Exxon was being ordered to pay $2.5 billion -- roughly three weeks' worth of profits -- for destroying a long swath of the Alaska coastline in the largest oil spill in American history."So what can a corporation do to protect itself against punitive-damages awards such as this?" Roberts asked in court.The lawyer arguing for the Alaska fishermen affected by the spill, Jeffrey Fisher, had an idea. "Well," he said, "it can hire fit and comp
I’ve got a LOT of conversations that I’ve read and haven’t had time to really comment on or dialog about, too many to keep up, so I’ll just post them below like I have before. Hope you find one you enjoy. All bloggers and blogs that I would highly recommend…
Julie always on top of it [...]
Autores:
José Alberto López Rafaschieri y Luis Alberto López Rafaschieri
www.morochos.orgNormalmente, si una compañía multinacional quiere apropiarse de las empresas estatales de los países menos desarrollados, simplemente se dirige al gobierno del país donde esta la empresa y le hace una proposición formal de compra. No obstante, gracias a gobiernos como el de Hugo Chávez en Venezuela, las
The recent move by Venezuela's socialist leader Hugo Chavez to nationalize the energy sector has prompted some of the companies to seek compensation, Exxon Mobil in a stunning move took the battle to court.The state run company PDVSA is barred from selling assets and Venezuela cannot withdraw $300 million from a US bank account, such a move could prevent Chavez from spending money of his so called 'social projects'.An energy expert named Dino Barajas said "It makes the actions you took a year ago fairly pricey," referring to Chavez.
Autor: Carlos Alberto López Rafaschieri
www.morochos.orgEl jueves 07 de febrero de 2008, varios tribunales a nivel mundial (Estados Unidos, Inglaterra y Holanda) ordenaron medidas cautelares a favor de la parte demandante por un valor de doce mil trescientos millones de dólares ($12.300.000.000) de los activos de la contraparte (PDVSA). La finalidad de las medidas cautelares, en el mundo
I would like to increase the diversification of our portfolio of superior dividend yielding stocks. To that end, I am trying to find an energy stock to fit that bill. I am hoping that Exxon Mobil Corporation will be that company! It trades on the NYSE under the symbol XOM.
Let’s have a look and see if we have found a winner!
Company Profile:
From Yahoo Finance
Exxon Mobil Corporation engages in the exploration, production, transportation, and sale of crude oil and natural gas. It also engages in the manufacture, transportation, and sale of petroleum products and petrochemicals, as well as participates in electric power generation. The company manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and other specialty products. Exxon Mobil also has interests in electric power generation facilities. In addition, it holds license to explore gas in the Gorgon liquefied natural gas project for domestic supply.
Market
Some on Wall St. are concerned that, as the price of oil reaches closer to $100, Big Oil will not do as well as the rising price of crude would indicate. That...
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Chief Justice John Roberts Supreme Court has elected to increase it's review of punitive damages against corporations by hearing an appeal of a $2.5 billion award against Exxon Mobil (XOM) over the 1989 Valdez oil spill in Alaska. Altria (MO) shareholders ought to be very interested.
The award against Exxon, the largest ever by a U.S. federal court is the final major litigation left from the Valdez oil spill. To date Exxon has paid more than $3.4 billion in claims and fines tied to the...
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Exxon Mobil Corp. said Monday it is giving $1 million to the Society of Exploration Geophysicists Foundation. The foundation provides programs that encourage students to work in geophysics activities around the world. The Exxon Mobil (NYSE: XOM) donation will be used to start a SEG/Exxon Mobil Student Education Program, which will provide short courses that allow students to integrate geology, geophysics and engineering in a business environment. Exxon Mobil is based in Irving. Via|www.exxonmobil.comTags: energyblogFound this post useful? Consider subscribing to The Energy Data Warehouse Feed/RSSThanks a lot To my reliable visitors !
Exxon Mobil Corp. said Monday it is giving $1 million to the Society of Exploration Geophysicists Foundation. The foundation provides programs that encourage students to work in geophysics activities around the world. The Exxon Mobil (NYSE: XOM) donation will be used to start a SEG/Exxon Mobil Student Education Program, which will provide short courses that allow students to integrate geology, geophysics and engineering in a business environment. Exxon Mobil is based in Irving. Via|www.exxonmobil.comTags: energyblogFound this post useful? Consider subscribing to The Energy Data Warehouse Feed/RSSThanks a lot To my reliable visitors !
EXXON MOBILEInstrumentation and Electrical Technicians (Singapore[Map]) Responsibilities: Work as a member of the Maintenance team to perform preventive and breakdown maintenance on all equipment in a timely and cost-effective mannerSuccessful candidates will undergo a comprehensive Technician Development Program where you will be trained systematically to be proficient in job knowledge and job-related skills to progress up the Technician career ladder Requirements:A good Diploma/Certificate in Instrumental/Electrical EngineeringFresh graduates are welcome to applyWillingness to work on rotating shifts during shutdown and start-up activitiesComputer literacy is an added advantageA team player with strong communication skills Interested applicants are requested to send in their resume, complete with educational transcripts and a passport-sized photograph, via email to career.singapore@exxonmobil.com before 6 October 2007.We regret that we will be unable to respond to all applicatio
Cramer has only been positive on integrated oil Exxon Mobil (XOM) since late 2006, when crude oil continued its undeniable run to 75 dollars per barrel and carried oil and oil service stocks with it. He had previously called XOM the worst integrated oil, referring viewers instead to best of breed name ConocoPhillips (COP). In a 2/2/2006 lightning round, Cramer said of XOM, "That's just a large bank masquerading as an oil company. They have not kept up with reserve growth." He consistently referred viewers to drillers such as Halliburton (HAL). More recently, though, he has been consistently bullish in 2007. In the main segment of the 11/29/2006 Mad Money show, he claimed, "XOM is the worst of the big oils," but called it a stock that has been annointed by mutual funds as a must own holding, and gave it a 100 dollar price target. "Some mutual funds decided to buy it and they won't stop buying it until they're finished setting up their massive positions"..."Catch the most miraculousl
Former U.S. vice-president Al Gore said some of the world's largest energy companies, including Exxon Mobil Corp., are funding research aimed at disputing the scientific consensus on global warming as part of a campaign to mislead the public.
Energy stocks gained Monday after wavering early in the session as oil prices held the $77 mark. Energy stocks waver, gain groundAn upgrade to bellwether Exxon Mobil (XOM : 85.80, +0.21, +0.2% ) also gave some fuel for the bulls after losses last week. Crude-oil futures traded close to their highest level in a year. Crude for September delivery rose 5 cents to $77.07 a barrel on the New York Mercantile Exchange.A.G. Edwards on Monday upgraded Exxon Mobil to buy from hold. "We believe the recent share price pullback that commenced with an over-reaction, in our opinion, to its lower-than-expected earnings, now represents an attractive entry point," A.G. Edwards said in a note to clients. Analysts set a $95 a share price target for the oil giant, based on 17 times it mid-cycle earnings estimate of $5.50 a share. Shares of Exxon Mobil fell 5 cents to $85.54 in recent trades. The Amex Oil Index (XOI : 1,377.48, +23.
Energy stocks gained Monday after wavering early in the session as oil prices held the $77 mark. Energy stocks waver, gain groundAn upgrade to bellwether Exxon Mobil (XOM : 85.80, +0.21, +0.2% ) also gave some fuel for the bulls after losses last week. Crude-oil futures traded close to their highest level in a year. Crude for September delivery rose 5 cents to $77.07 a barrel on the New York Mercantile Exchange.A.G. Edwards on Monday upgraded Exxon Mobil to buy from hold. "We believe the recent share price pullback that commenced with an over-reaction, in our opinion, to its lower-than-expected earnings, now represents an attractive entry point," A.G. Edwards said in a note to clients. Analysts set a $95 a share price target for the oil giant, based on 17 times it mid-cycle earnings estimate of $5.50 a share. Shares of Exxon Mobil fell 5 cents to $85.54 in recent trades. The Amex Oil Index (XOI : 1,377.48, +23.
A federal appeals court today rejected an effort by Exxon Mobil Corp. to overturn rules governing access to a potential multibillion-dollar pipeline that would transport natural gas from Alaska to the Lower 48 states. The U.S. Court of Appeals for the District of Columbia Circuit upheld Federal Energy Regulatory Commission rules published in 2005 that were designed to give Alaskan energy suppliers the ability to deliver their fuel through pipelines they don't own. Natural gas producers, including Woodlands-based Anadarko Petroleum Corp., were concerned that access to the proposed 3,600-mile pipeline would be limited by the companies building it. Alaska has struggled for decades to get a deal either with North Slope gas producers or independent pipeline companies to build a line that could possibly run from the North Slope through Canada and into the Midwest. A proposed deal between former Alaska Gov. Frank Murkowski and North Slope producers BP, Exxon Mobil and ConocoPhillips fell ap
Energy stocks moved deep into the red Thursday as profit disappointment from Exxon Mobil signaled a selling spree, adding its weight to a 312-point drop for the Dow Jones Industrials. It was the biggest one-day drop for the sector this year. The Amex Oil Index (XOI :1,389.91, -49.52, -3.4% ) fell 3.5% to 1,388 points. Hess Corp. (HES : 62.48, -4.10, -6.2% ) led decliners in the group with a loss of 6.3% to $62.38. The Amex Natural Gas Index (XNG : 493.41, -13.76, -2.7% ) dropped 2.5% to 494.7. Williams Cos. (WMB : 31.35, -1.96, -5.9% ) led percentage decliners in the group with a 4.2% fall to $31.90. The Philadelphia Oil Service Index ($OSX : 277.73, -6.93, -2.4% ) fell 2.4% to 277.7 and the CBOE Oil Index (OIX : 767.55, -26.02, -3.3% ) gave up 3.5% to finished
Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday its second-quarter profit fell 1 percent from a year ago as lower natural gas prices and production declines hurt...
ExxonMobil Oil Indonesia and Pertamina plan to dwill in Banyu Urip field in Cepu this month. The drillng of two appraisal wells will verify the oil reserves in the field, ExxonMobil Oil Indonesia's Vice President for Commercial & Planning Maman Budiman said in Jakarta. "We will drill two appraisal wells in Banyu Urip this month," Maman Budiman said. He added that the partners continue clearing lands in Cepu to accelerate production from the block. Cepu block is estimated to hold 600 million barrels of oil and 1.7 TCF of gas. Banyu Urip is estimated to hold 250 million barrels of oil.Via: Scandinavian Oil & GasExxon Mobil sued in New York spillNew York state officials acting on a five-month-old threat sued Exxon Mobil on Tuesday for spilling millions of gallons of oil in a Brooklyn neighborhood and then taking decades to clean it up. The lawsuit accuses Irving-based Exxon of doing too little to mop up a huge underground oil plume lying beneath businesses and homes in Greenpoint, a sect
ExxonMobil Oil Indonesia and Pertamina plan to dwill in Banyu Urip field in Cepu this month. The drillng of two appraisal wells will verify the oil reserves in the field, ExxonMobil Oil Indonesia's Vice President for Commercial & Planning Maman Budiman said in Jakarta. "We will drill two appraisal wells in Banyu Urip this month," Maman Budiman said. He added that the partners continue clearing lands in Cepu to accelerate production from the block. Cepu block is estimated to hold 600 million barrels of oil and 1.7 TCF of gas. Banyu Urip is estimated to hold 250 million barrels of oil.Via: Scandinavian Oil & GasExxon Mobil sued in New York spillNew York state officials acting on a five-month-old threat sued Exxon Mobil on Tuesday for spilling millions of gallons of oil in a Brooklyn neighborhood and then taking decades to clean it up. The lawsuit accuses Irving-based Exxon of doing too little to mop up a huge underground oil plume lying beneath businesses and homes in Greenpoint, a sect
Oil companies such as Exxon are obviously in hot water for their continued spread all over the world while at the same time totally neglecting the green interest of the world and thus pushing resources and creatures into potential danger.
Polar bears are known to be among the leading problems today when it comes towards being deprived to flourish in numbers. With this video, it shows the various skepticism and declaration of polar bears as an endangered species.
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animals, endangered species, exxon, flourish, global warming, oil companies, polar bears, pollution, skepticism, Video Clips, waste
In a statement the redefines the notion of cogent argument for the worse, Exxon has launched a volley at Greenpeace saying that the oil giant's stance against Kyoto, their opposition to the European...
Earth-centred news for the health of air, water, habitat and the fight against global warming
The hypocrisy of Hillary Clinton knows no bounds. I really don't need to even say anything as a prelude to this story. Nobody is even surprised anymore at the deceit and lies on the part of Hillary. Watch the video too. ~RJH Gateway Pundit story link After Bashing Big Oil... Hillary Sells BP & Exxon Mobil Stock This is what Hillary Clinton had to say on redistributing oil profits back in February:(35 seconds)Hillary told the DNC Winter meeting in February: "I want to take those profits, and I want to put them into a strategic energy fund." After bashing the oil companies on their evil profits, this week Hillary sold her stock in BP Amoco , Exxon Mobil, FOX News and Walmart:Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign...The blind trust held stock in pharmaceutical companies, inclu
Exxon Mobil Corp. oil exploration chief Stuart McGill, who oversaw the company's largest business during the most profitable years in Exxon history, will retire July 31. McGill, 64, manages the company's exploration and production subsidiary and is a member of the five-person committee, along with Chief Executive Officer Rex Tillerson, that directs day-to-day operations. Irving, Texas-based Exxon Mobil posted a $39.5 billion profit last year, the largest ever for a U.S. corporation, surpassing the old record set by Exxon in 2005. McGill's replacement has not been determined, spokesman Mark Boudreaux said in an e-mail. The company announced McGill's retirement today in a statement distributed via Business Wire. Mark Albers, 50, was promoted in April to senior vice president, the same rank as McGill, and is overseeing some of the subsidiaries in McGill's portfolio. McGill, who studied chemical engineering at Sydney University in
Exxon Mobil Corp. oil exploration chief Stuart McGill, who oversaw the company's largest business during the most profitable years in Exxon history, will retire July 31. McGill, 64, manages the company's exploration and production subsidiary and is a member of the five-person committee, along with Chief Executive Officer Rex Tillerson, that directs day-to-day operations. Irving, Texas-based Exxon Mobil posted a $39.5 billion profit last year, the largest ever for a U.S. corporation, surpassing the old record set by Exxon in 2005. McGill's replacement has not been determined, spokesman Mark Boudreaux said in an e-mail. The company announced McGill's retirement today in a statement distributed via Business Wire. Mark Albers, 50, was promoted in April to senior vice president, the same rank as McGill, and is overseeing some of the subsidiaries in McGill's portfolio. McGill, who studied chemical engineering at Sydney University in
by Joe CarrollShareholders of Exxon Mobil Corp., the world's largest oil company, rejected a resolution calling on the company to cut greenhouse gases and voted to retain director Michael Boskin. A proposal for Exxon Mobil to develop a plan to reduce emissions from its refineries and the fuels it makes received 31 percent in balloting at the company's annual meeting in Dallas. Initiatives to cap pay for top executives, including Chief Executive Officer Rex Tillerson, at $500,000 a year and increase investment in ethanol got less than 8 percent of votes. Boskin, chairman of the board committee that deals with environmental issues, survived a challenge by an investor group that included the California Public Employees' Retirement System, the largest U.S. pension fund. Other holders said Boskin deserved support after the company's shares jumped 36 percent last year, the stock's biggest annual gain since 1980. ``We're very happy w
by Joe Carrol
Exxon Mobil Corp. has agreed to pay $400,000 in penalties to California for air-permit violations at its biggest West Coast refinery. Irving-based Exxon Mobil also agreed to spend up to $2 million on a plan to cut excessive emissions of carbon dioxide, volatile organic compounds and other pollutants from its Torrance plant, the company said Tuesday in a public filing. And in Texas,
by Joe Carrol
Exxon Mobil Corp. has agreed to pay $400,000 in penalties to California for air-permit violations at its biggest West Coast refinery. Irving-based Exxon Mobil also agreed to spend up to $2 million on a plan to cut excessive emissions of carbon dioxide, volatile organic compounds and other pollutants from its Torrance plant, the company said Tuesday in a public filing. And in Texas,
Executives
Henry Hubble - Vice President, Investor Relations, Secretary
Analysts
* Paul Sankey - Deutsche Bank
* Nicky Decker - Bear Stearns
* Doug Terreson - Morgan Stanley
* Doug Leggate - Citigroup
* Dan Barcelo - Banc of America
* Mark Gillman - Benchmark
* Mark Flannery - Credit Suisse
* Oswald Clint - Sanford Bernstein
* Paul Cheng - Lehman Brothers
* John
by Jim JelterOil sector stocks clung to slim gains Thursday, drawing support from Exxon Mobil's strong first-quarter results and new all-time highs for the Dow amid a cavalcade of earnings reports from some of the industry's biggest players.
By midday, the Amex Oil Index ($XOI :1,289.16, -1.04, -0.1% ) was up 0.4% at 1,295 points, falling off an all-time
Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday its net income grew 10 percent in the first quarter, as higher refining, marketing and chemical profit margins...
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The world's largest company will give up operations of a major oil project as Venezuelan President Hugo Chavez takes control of the country's oilfields. CARACAS (Reuters) -- Exxon Mobil plans to hand operations of a multibillion-dollar oil project to the Venezuelan state before a May 1 deadline imposed by President Hugo Chavez, industry sources said Thursday. Chavez this week signed a decree for the government to take a majority stake in four heavy crude upgrading projects in the Orinoco basin by May 1 as part of a nationalization drive toward Cuba-inspired socialism.
The move shows Exxon (Charts), the world's largest company, complying with Chavez's order to cede control of the Cerro Negro project despite doubts over whether private companies will in fact meet Chavez's ambitious deadline. Energy authorities in 2006 extended an initial deadline to take control of oilfields operated by private and foreign oil companies, which operated the fields for three months
On CNBC's STOP TRADING segment yesterday, Jim Cramer was saying he is ready to annoint an oil company.
Yesterday, Cramer first went over Cisco (CSCO) as THE new convergence play and he said the stock is not done going up. Cramer said he thinks that drug stocks are now overdone and they should start being bought gradually, but not all at once.
Cramer was very positive on ExxonMobil (XOM) now that oil has bottomed. Cramer said it trades at 10-times earnings and this is the one that fund managers want to show they own it. Cramer said the democrats even with the drilling limitations won't hurt it too bad. This is the one that isn't a wildcatter and is the most predictable. Cramer said he likes Chevron (CVX) better than XOM, but that doesn't matter because the street and funds like XOM better.
Then Cramer discussed Borders Group (BGP). He called it a Buy at $18 to $19, but now he thinks it can go to mid-$20's rather than mid-$30's.
Jon C. Ogg
On CNBC's STOP TRADING segment today, Jim Cramer was saying he is ready to annoint an oil company.
Today Cramer first went over Cisco (CSCO) as THE new convergence play and he said the stock is not done going up. Cramer said he thinks that drug stocks are now overdone and they should start being bought gradually, but not all at once.
Cramer was very positive on ExxonMobil (XOM) now that oil has bottomed. Cramer said it trades at 10-times earnings and this is the one that fund managers want to show they own it. Cramer said the democrats even with the drilling limitations won't hurt it too bad. This is the one that isn't a wildcatter and is the most predictable. Cramer said he likes Chevron (CVX) better than XOM, but that doesn't matter because the street and funds like XOM better.
Then Cramer discussed Borders Group (BGP). He called it a Buy at $18 to $19, but now he thinks it can go to mid-$20's rather than mid-$30's.
Jon C. OggNovember 9, 2006
BP's results for Q3 had two pieces of bad news. One was evident long ago, at least to anyone who can read a newspaper. Oil prices are dropping. Crude hit $80 this summer and now stands below $60. Results down the road are going to be tougher for BP and its large brethren like Exxon and Chevron.
The news that is not quite as obvious is that the large oil and gas operators "face increasingly unfavorable terms from host countries." In other word, dislodging the black gold from the hands of the locals is becoming more difficult and more expensive.
Falling oil prices may not be the only thing that companies like Exxon have to worry about.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.
El crudo de Irak en manos de empresas de EstadosUnidos y Gran Bretaña, BP, Shell y ExxonCuatro años tras la invasión norteamericana a Irak, empresas de Estados Unidos y de Gran Bretaña se llevarán gran parte de la riqueza petrolera del paÃs árabe - riqueza considerada como la tercera gran reserva en importancia en el mundo-.Empresas petroleras de los dos paÃses que invadieron por sus fuerzas militares el paÃs árabe en 2003, se llevarán la riqueza petrolera de Irak, si se acuerda una nueva ley que se presentará próximamente al Parlamento de Bagdad. Asà lo señala hoy el dominical "The Independent of Sunday", que ha visto un borrador de esa ley, en cuya elaboración ha participado directamente, según el periódico, el Gobierno de Estados Unidos.La ley en cuestión concede a grandes grupos petroleros como BP, Shell y Exxon contratos de treinta años de vigencia para extraer crudo iraquà y permite la primera operación a gran escala de intereses occidentales desde que s
Exxon Mobil recently announced a annual profit of $39.5 Billion in 2006, breaking the record they set in 2005 for the largest profit by a U.S. company. All of this even though their 4th quarter earnings dropped 4%. With data like this one can't help but wonder why petroleum prices are so high. Not only at gasoline pumps, but also all of the other petrol products. I have no problem with a company turning a profit, however, in the case of Exxon Mobil and the other oil companies I have to say that they appear to be some seriously greedy bastards. I could be wrong, and if I am I sincerely apologize, but things simply appear to be a little sketchy according to what I know now.Revision:I just realized that the profit margin was only about 10.5%, which is really not that out of line at all. The reason they break these profit records is due to the fact that their revenue is simply enormous.
In order to meet the increased demand of differentiated hydrocarbon fluid products in Asia Pacific, Exxon Mobil plans to increase its hydrocarbon fluid plant capacity in Singapore by 130,000 MT per year. This will bring the total production capacity to over 500,000 MT per year.
Currently, the annual growth of hydrocarbon fluids demand in Asia Pacific [...]
Exxon Mobil Corp plans to focus its chemical investment in Middle East and Asia. The two parts of the world are considered to have highest economic growth, as reported by International Monetary Fund.
Its ethylene plant in Singapore will have double capacity, which will reach two million tons per year in 2011.
The company also has designed [...]
You'd think that Exxon shareholders would be pretty damn happy about rising gas prices (in terms of the company's alt. fuel investments) and the fact that the energy giant booked $11.7b worth of profits in the first financial quarter of the year. That should go double for the Rockefeller family, whose unimaginable lifestyle is supported by their Exxon stock. But nooooooooo. The New York Ti