Exxon news stories on Newser

Apple Nails Spot as World's Most Valuable Firm

Rob Quinn — Thu, 11 Aug 2011 05:00:00 CDT

Steve Jobs, who says Apple was 90 days from bankruptcy when he returned to the company in 1996, wakes up today as chief of the world's most valuable company. Apple, which briefly overtook Exxon in trading Tuesday , was ahead of the oil giant at the close of trading for the...

Group Helps Big Biz Shape Friendly Laws

Mark Russell — Thu, 21 Jul 2011 13:21:26 CDT

Say "hi" to ALEC—as in the American Legislative Exchange Council, a conservative think-tank that allows businesses to play a role in writing laws on energy, the environment, telecommunications, taxes, public safety, and more, reports Bloomberg . Corporations pay up to $25,000 to join ALEC and thousands more to join...

Pipeline Rupture Spills Crude Into Yellowstone River

Mark Russell — Sun, 03 Jul 2011 06:19:13 CDT

Up to 42,000 gallons of oil from a ruptured pipeline in Montana is surging through a flood-swollen Yellowstone River, creating an environmental mess that is threatening to reach the Missouri River, reports the Wall Street Journal . The Exxon Mobile pipeline, which runs under the Yellowstone River to a refinery...

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...

Oil Giants (Minus BP) Create Spill Response System

Nick McMaster — Wed, 21 Jul 2010 16:46:09 CDT

Four oil giants are teaming up to create an early-response system to contain disasters like the Deepwater Horizon spill. Exxon, Chevron, Royal Dutch Shell, and ConocoPhillips are committing an initial $1 billion to create the nonprofit Marine Well Containment Co., though maintaining the "strike force" will cost more over time....

13 Companies We Love to Hate

Kate Schwartz — Sat, 26 Jun 2010 11:49:37 CDT

BP may be the recipient of our collective scorn these days, but it's not the first company we've come to despise—and it doesn't even take top honors on the Most Hated list. The Daily Beast asked 10 financial historians to nominate and rank their picks for the worst company...

Oil Giants All Have Same Lame Spill Plan: Dems

Kevin Spak — Tue, 15 Jun 2010 13:20:39 CDT

Lord help us if there’s another deepwater spill, because the big oil companies all have a pretty much identical response plan to BP, congressional Democrats complained today, grilling executives from Chevron, Exxon, Shell, BP, and Conoco Phillips. All the companies hired the same third party to draft their plans, the...

Exxon to Buy Gas Company XTO Energy for $31B

Kevin Spak — Mon, 14 Dec 2009 10:00:00 CST

Exxon Mobil has agreed to buy natural gas powerhouse XTO Energy for $31 billion in stock. Exxon’s been long rumored to be in the market for a natural gas company, hoping to take advantage of currently low prices, the Wall Street Journal reports. In XTO it’s nabbed a fast-growing, focused...

Exxon Admits Killing Birds, Will Pay $600K

Rob Quinn — Fri, 14 Aug 2009 08:03:00 CDT

Exxon has pleaded guilty in federal court and agreed to pay $600,000 in fines over the deaths of dozens of birds at its drilling and production facilities, the Los Angeles Times reports. The 85 birds, including owls, waterfowl, and hawks, died after being exposed to hydrocarbons at Exxon's natural...