Exxon Tag Page

Exxon Profits ?

I will admit that I do not know much, but, I know that this gets under my skin. The people of this nation are being hit by the highest gas prices ever, and the big boys are raking in the profits. This is just wrong in so many ways. Even the sub headline spells it out.
“The oil company gains from soaring oil and gas prices, but falls short of estimates.”
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Partial Settlement Reached on Exxon Valdez Punitive Damages


The Associated Press is reporting (via the Seattle Post Intelligencer) that the parties in Exxon Shipping Co. v. Baker have reached a partial settlement. As anyone reading this blog probably knows by now, the U.S. Supreme Court cut the punitive damages in that case down to $507 million earlier this year, but the parties have continued to fight about the amount of interest that should be added to that amount. The plaintiffs contend Exxon owes interest from the date of the original judgment, for

BP to Increase Energy Output in Norway


BP to Increase Energy Output in Norway Posted on by John Donovan. Categories: BP, Exxon Mobil, The Wall Street Journal. At Skarv, BP is partnering with E.ON Ruhrgas AG of Germany and PGNiG SA of Poland. E.ON Ruhrgas and PGNiG bought their stakes from Royal Dutch Shell PLC and Exxon Mobil Corp., respectively. “They’re new sets of eyes, bringing fresh ideas from a midstream perspective,” Mr. Garlick said.

There’s No Place like Nome


On March 24, 1989, 10.8 million gallons of Alaskan crude oil aboard the Exxon-Valdez curled into Prince William Sound. Known as possibly the largest ecological disaster in history, the Exxon Valdez Crisis loomed in the minds of a world on the cusp; the Wall was about to come down, but no progressive attempts had been made to stop environmental hazards. Alaskans are now facing a greater ecological threat with even graver social and political implications. The Prius Hemp Crisis struck the coast

The benefits and the curse of oil


The benefits and the curse of oil Posted on August 24, 2008 by John Donovan. Categories: BP, Exxon Mobil, Iraq, Oil, Total. Iraq’s government hopes to improve output by more conventional measures, too. It is negotiating contracts with the biggest Western oil firms, including Exxon Mobil, BP and Total, to refurbish five of the country’s biggest oilfields.

big ownership shift at the top of the global oil industry – either merger or takeover – should not be ruled out


big ownership shift at the top of the global oil industry – either merger or takeover – should not be ruled out Posted on by John Donovan. Categories: BP, Daily Telegraph, Exxon Mobil, Oil. The oil majors – the likes of Exxon, Shell and BP – are suffering from the same sky-high costs as the mining giants, to say nothing of a severe lack of accessible new reserves. Over the next couple of years, while also subject to regulatory approval, a big ownership shift at the top of the global oil indus

Will Canada’s oil boom be an environmental bust?


Will Canada’s oil boom be an environmental bust? Posted on by John Donovan. Categories: Associated Press, Canada, Chevron, Exxon Mobil, Oil, Oil Prices, Oil Sands. Shell, Exxon-Mobil, Chevron, Canada’s Imperial and other companies plan to strip an area here the size of New York state that could yield as much as 175 billion barrels of oil.

Can Marketing Change Your Corporate Image?


If I asked you which of the following phrases best represent your perception of Exxon Mobil, would you choose: a. Fighting to stop malaria; b. Helping teach math and science to children; c. Leading the search for alternative energy solutions; d. Making billions in profits by gauging consumers at the pump. Somewhere inside Exxon there is a team of marketing executives who have deluded themselves

Oil majors look set fair for mergers


Oil majors look set fair for mergers Posted on by John Donovan. Categories: BP, Exxon Mobil, The Times. The last big oil merger cycle was a decade ago and we are set fair for another bout. The majors have held back - a year ago BP toyed with the idea of courting Shell and Shell has an on-off love affair with BG Group.

Gas-liquids get visibility in global energy markets


Gas-liquids get visibility in global energy markets Posted on by John Donovan. Categories: Exxon Mobil, Gas, Royal Dutch Shell, The Wall Street Journal. With the technology and know-how of companies like Exxon Mobil Corp. and Royal Dutch Shell PLC, Qatar and other traditional oil producers are using their gas reserves to industrialize and gain another revenue source.

A Rare Exxon Mobil TV Interview … Looking for Some PR Love?


Exxon Mobil’s top executive gave a rare TV interview on ABC News in prime time. Was he looking for a little peace, love, and understanding? Exxon Mobil is the 800-pound gorilla in the muscular band of Big Oil (BP, Royal Dutch Shell, ConocoPhillips, Chevron, and their ilk). It is the biggest company in the world in terms of market capitalization ($501 billion as of last April) and has recently capped years of record-breaking financial reports by posting a quarterly profit of $11.7 billion. But

Green Activists: Thank Heaven for $4 Gas


Green shareholder activists wrangling to get big corporates to clean up their act are celebrating their best year ever. The big reason: high energy prices. ExxonMobil chairman and CEO Rex Tillerson (AP) CERES, a group of activist shareholders with about $5 trillion in holdings, just wrapped up its busiest-ever proxy season. Shareholders filed 57 shareholder resolutions with big companies urging them to change their ways; almost half agreed to do so without putting it to a vote. And when i

Green Activists: Thank Heaven for $4 Gas


Green shareholder activists wrangling to get big corporates to clean up their act are celebrating their best year ever. The big reason: high energy prices. ExxonMobil chairman and CEO Rex Tillerson (AP) CERES, a group of activist shareholders with about $5 trillion in holdings, just wrapped up its busiest-ever proxy season. Shareholders filed 57 shareholder resolutions with big companies urging them to change their ways; almost half agreed to do so without putting it to a vote. And when i

McCain: Corporate whoring at the oil rig


John McCain toured a Chevron oil rig. “When I’m president, there will be a whole lot more like this, not only here in the Gulf, but also off of our east and west coasts,” McCain said in brief remarks to the press. “We need to drill offshore. We need to do it now.” Meanwhile, the DNC handed out a special campaign kit to reporters joining Sen. John McCain on his oil rig visit. The kit included a “limited edition Exxon-McCain ‘08 stress ball” in the shape of an oil drum. We all know McCain has a



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