ExxonMobil news stories on Newser

Teed-Off Ladies Still Barred at Augusta

Mary Papenfuss — Thu, 05 Apr 2012 04:56:00 CDT

The prestigious Augusta National Golf Club, host of the Masters, seems to be sticking to its maddening policy of banning female members. Augusta National Chairman William Porter Payne won't even deign to publicly discuss the issue. Some critics believe it's long past time to extend an invitation to Virginia Rometty,...

Apple Becomes Most Valuable Company in World, Briefly

Matt Cantor — Tue, 09 Aug 2011 16:11:53 CDT

For the first time since 2005, ExxonMobil found itself only the second -most valuable company in world: Apple briefly took the No. 1 spot today before relinquishing it. Analysts think a more permanent changing of the guard will happen soon, however. At one point today, Apple's market capitalization reached $347....

Exxon Discovers Huge Oil Field in the Gulf

Tim Karan — Wed, 08 Jun 2011 17:09:29 CDT

Exxon announced the discovery of two oil wells and a natural gas deposit in the deep water of the Gulf of Mexico that could collectively contain 700 million barrels. Two of the finds had been made in 2009 and 2010, but the company waited until today to unveil the amount...

Palin: Don't Trust Foreign Oil Companies

Kevin Spak — Thu, 06 May 2010 07:15:36 CDT

Sarah Palin is fired up about the Gulf Coast oil spill, and she's taking away a powerful lesson: Don't trust foreigners, like those tea-sippers over at British Petroleum. “Gulf: Learn from Alaska's lesson w/foreign oil co's: don't naively trust—VERIFY,” she wrote on Twitter . That sounds great and all, except...

Dow Starts February Up 118

Nick McMaster — Mon, 01 Feb 2010 15:23:21 CST

Stocks rallied today on a strong earnings report by ExxonMobil and data showing the US factory sector performed well in January, the Wall Street Journal reports. The Dow added 118.30 points to close at 10,185.53. The Nasdaq gained 243.85, closing at 2,171.20. The S&P...

In Televised Auction of Oil Contracts, Iraq Plays Hardball

Jason Farago — Tue, 30 Jun 2009 07:34:00 CDT

The Iraqi oil industry has been nationalized since 1972, but today the country is awarding the first contracts in decades to private petroleum companies—live on television. So far a joint bid by British Petroleum and a Chinese firm has won the first contract, for a 17 billion-barrel field in...

Stocks, Oil Jump Together

Kevin Spak — Wed, 10 Jun 2009 08:49:00 CDT

Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71 a...

20 Years After Spill, Valdez Oil 'Harmless'

Ambreen Ali — Tue, 16 Dec 2008 16:48:01 CST

Nearly 20 years after the Exxon Valdez spill, what little oil remains in the soiled Prince William Sound is harmless to plant and animal life, scientists agree. The last oil deposits remain deep in the cracks between shoreline rocks, inaccessible to animals and degraded enough to be "biologically insignificant." But...

Supplies Drop as Big Oil's Power Shrivels

Rob Quinn — Tue, 19 Aug 2008 02:55:01 CDT

A rapidly changing world order has left the giant oil companies all monied up with nowhere to drill, the New York Times reports. The Western oil giants' share of production has plummeted from over half in the 1970s to just 13% today. Production is falling as oil supplies remain in...