Exxon Mobil reported a 68% decline in third-quarter earnings Thursday as oil and natural gas prices tumbled from last year's highs.
The top job of managers at every company is the same: allocating capital. Should money be spent on internal growth or acquisitions? Should capital be returned to shareholders via dividends or share repurchases?
Three years ago many would have dismissed the notion that a significant supply of the world's automotive fuel could come from algae. But today the idea, while still an adventurous one, is getting much harder to ignore.
Oil giant Exxon Mobil Corp. has pleaded guilty and will pay $600,000 in fines for the deaths of 85 protected migratory birds in the company's wastewater ponds in five states.
Exxon Mobil reported a 66% decline in second-quarter earnings Thursday as demand for energy remained weak and prices for oil and gas tumbled from last year's highs.
ExxonMobil is teaming up with the biotech research company run by genomics pioneer Craig Venter to produce algae-based biofuels.
Despite Exxon Mobil Corp.'s well-publicized stance in support of fossil fuels, the oil giant said on Tuesday that it is sponsoring a program to bring a zero-emission electric vehicle to Baltimore.
Exxon Mobil Corp. said it will unveil an electric car Tuesday through a test-drive and car-sharing program in Baltimore.
Exxon Mobil reported a big drop in first-quarter earnings and revenue Thursday due to lower commodity prices and the weak global economy.
Exxon Mobil shoved aside Wal-Mart Stores to retake the top place on the Fortune 500, proving that Big Oil was king of the economy last year.
Exxon Mobil reported a 68% decline in third-quarter earnings Thursday as oil and natural gas prices tumbled from last year's highs.
The top job of managers at every company is the same: allocating capital. Should money be spent on internal growth or acquisitions? Should capital be returned to shareholders via dividends or share repurchases?
Three years ago many would have dismissed the notion that a significant supply of the world's automotive fuel could come from algae. But today the idea, while still an adventurous one, is getting much harder to ignore.
Oil giant Exxon Mobil Corp. has pleaded guilty and will pay $600,000 in fines for the deaths of 85 protected migratory birds in the company's wastewater ponds in five states.
Exxon Mobil reported a 66% decline in second-quarter earnings Thursday as demand for energy remained weak and prices for oil and gas tumbled from last year's highs.
ExxonMobil is teaming up with the biotech research company run by genomics pioneer Craig Venter to produce algae-based biofuels.
Despite Exxon Mobil Corp.'s well-publicized stance in support of fossil fuels, the oil giant said on Tuesday that it is sponsoring a program to bring a zero-emission electric vehicle to Baltimore.
Exxon Mobil Corp. said it will unveil an electric car Tuesday through a test-drive and car-sharing program in Baltimore.
Exxon Mobil reported a big drop in first-quarter earnings and revenue Thursday due to lower commodity prices and the weak global economy.
Exxon Mobil shoved aside Wal-Mart Stores to retake the top place on the Fortune 500, proving that Big Oil was king of the economy last year.
Exxon Mobil detailed Thursday just how it plans on keeping the world supplied with oil - and how it'll keep making money doing it.
Exxon Mobil reported the largest annual profit in U.S. history Friday, making $45.22 billion on the back of record oil prices.
Exxon Mobil is sitting on a massive pile of money.
Federal officials have fined Exxon Mobil more than $6 million after it violated a three-year-old agreement to decrease air pollution at four of its refineries.
It would be tempting to say they told us so.
Oil prices staged a late-session rally Friday as credit markets loosened, but the gain only slightly tempered a month in which crude fell by the largest monthly percentage since the Nymex contracts began trading.
Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.
Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter
Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation
Stock futures fell on Thursday, after oil giant Exxon Mobil reported record profits and the GDP doubled, but still fell short of expectations, and jobless claims surged.
The Supreme Court on Wednesday reduced a $2.5 billion punitive damages award against energy giant Exxon for its role in an infamous 1989 maritime oil spill off the coast of Alaska.
The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million
Oil giant Exxon Mobil Corp. plans to sell its company-owned gas stations, saying they aren't profitable enough even with gasoline selling at $4 per gallon.
Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices
It's hard to imagine why ExxonMobil shareholders are so unhappy. After all, the world's largest publicly-owned energy company rode the surge in oil prices to a record $40 billion in earnings last year, making it by far the most profitable Fortune 500 company. Shares are up 10% in the last year, while the S&P500 has fallen by just as much.
The debate over who is to blame for high gas prices continued on Capitol Hill Thursday as executives from the nation's largest oil companies returned to face more questions from House lawmakers.
Record oil prices netted Exxon Mobil a $10.89 billion profit in the first three months of the year, sharply higher than a year earlier but short of Wall Street estimates and below what was needed to set a new all-time profit record.
Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its net income grow 17 percent in the first quarter, but the results came in below Wall Street forecasts
Stocks futures edged slightly lower early Thursday as investors weighed mixed economic news and lower-than-expected earnings from ExxonMobil.
Top executives of the country's five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it's not their fault
Lawmakers grilled executives from the world's five largest publicly traded oil companies Tuesday, criticizing them for taking tax subsidies and not investing in renewable resources amid record prices for oil and gasoline.
Motorists may fume when forking over $3 a gallon at the local service station, but as it turns out, your local filling spot makes chump change from a gallon of gas.
Nearly 20 years after one of the most infamous environmental disasters scarred Alaska's Prince William Sound, the Supreme Court stepped nearer Wednesday to perhaps providing a measure of closure for the seemingly endless litigation over the Exxon Valdez oil spill.
Exxon Mobil, the world's largest publicly traded oil company, said Friday that it replaced more than 100% of its production in 2007.
Venezuelan President Hugo Chavez threatened Sunday to cut off his country's oil shipments to the United States if a court ruling goes forward ordering Venezuelan assets be frozen in a case brought by Exxon Mobil.
Exxon Mobil has obtained a court order freezing up to $12 billion of Venezuela's state-owned oil company's worldwide assets after the government of President Hugo Chavez forced the company out of two joint ventures last year, a company spokeswoman said Thursday.
Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices.
Exxon Mobil, the world's largest publicly traded oil company, is within striking distance of setting an all-time profit record - again.
Oil is selling for nearly $100 a barrel. Gasoline is near $3 a gallon. Oil companies are swimming in cash. But these record-high prices are both a boom and a burden for Big Oil.
Stocks remained sharply lower Thursday as a Citigroup downgrade reignited credit market concerns while disappointing Exxon Mobil added to investor fears.
Exxon Mobil made $9.4 billion in the last three months, 10 percent less than last year and below what analysts expected as gasoline and diesel prices failed to keep pace with rising crude costs.
Stocks extended their early losses Thursday with the Dow falling more than 250 points, as a downgrade of Citigroup and disappointing earning from Exxon Mobil troubled investors.
Stocks gave back all of its previous session gains Thursday as investors weighed record-high oil prices, a slew of economic reports and disappointing earnings news from oil giant Exxon Mobil.
The Supreme Court will decide whether a $2.5 billion punitive damages award against Exxon Corp. -- now Exxon Mobil -- for its role in the 1989 Exxon Valdez oil spill in Alaska was excessive.
Oil executives denied that drivers are overpaying for gasoline because the fuel expands in hot weather and provides less energy per gallon
Exxon Mobil reported over $10 billion in quarterly profit Thursday as higher gasoline prices helped offset a decline in revenue from natural gas.
There's rarely been a better time to be a refiner.
Exxon Mobil (No. 2) had a record $39.5 billion profits, which is impressive enough. Even more remarkable is that its earnings grew $3.4 billion in 2006, while Royal Dutch Shell (No. 3) had only a small increase, and BP (No. 4) saw profits fall. Russian gas giant Gazprom (No. 52) grew its profits 37%, to $20.3 billion.
Oil behemoth Exxon Mobil Corp. is the target of a lawsuit filed by the New York attorney general's office that claims the company did not clean up 17 million gallons of spilled oil in Brooklyn over the past century, the New York attorney general's office announced Tuesday.
New York State Attorney General Andrew Cuomo filed a lawsuit on Tuesday against Exxon Mobil Corp. to force the cleanup of a decades-old oil spill in New York City.
President Hugo Chavez pushed U.S. oil giants Exxon Mobil and ConocoPhillips out of Venezuela Tuesday in a nationalization drive the United States said could hurt its oil supply.
Oil prices fell nearly two percent on Tuesday amid expectations that stockpiles in top consumer the United States would continue to rise heading into the peak summer driving season.
Exxon Mobil (XOM) ranks no. 2 on FORTUNE's list of America's largest corporations.
ExxonMobil's stock is up by 35 percent in the last year. The oil giant made $39.5 billion in profits in 2006, tops in the Fortune 500. But don't expect a roomful of smiling faces at Exxon's annual shareholder meeting tomorrow.
Despite falling oil prices that hobbled the competition, Exxon Mobil posted higher first-quarter profit Thursday that topped Wall Street estimates, relying on robust refining and chemical earnings to make even more money on lower revenue.
Back up the truck - the one to collect billions in cash. Oil company earnings are on tap.
Rex Tillerson is way out of line, and he knows it. "They want us to join the parade," he says, referring to assorted environmentalists, scientists, politicians, investors and others who've been lam...
Exxon Mobil was the most profitable company last year by far, raking in $39.5 billion in earnings. Who else made the top 20?
Oil prices rose slightly Wednesday, after posting solid earlier gains, as the government reported a big drop in gasoline supplies along with a simultaneous rise in demand.
A group of environmentally-minded investors with more than $200 billion in assets turned up the heat Tuesday on some of the country's biggest corporations - by publicly accusing them of not doing enough to address global warming.
New York Attorney General Andrew Cuomo announced Thursday that he intends to file a lawsuit against ExxonMobil and 4 other companies that will require them to clean up Newtown Creek, which has been polluted by a 17 million gallon oil spill among other contaminates, according to Cuomo's office.
A think tank partly funded by Exxon Mobil sent letters to scientists offering them up to $10,000 to critique findings in a major global warming study released Friday which found that global warming was real and likely caused by burning fossil fuels.
Exxon Mobil Corp. Thursday reported the biggest annual profit on record for a U.S. corporation - earning more than $75,000 every minute of 2006 on the back of record oil prices.
Exxon Mobil Corp. posted the largest annual profit in U.S. history Thursday, even though fourth-quarter earnings fell on lower natural gas prices and shrinking gasoline margins.
Exxon Mobil, the oil conglomerate whose operations span the globe, is now drilling for natural gas very close to home, according to a news report Monday.
On issues ranging from global warming to corporate governance to gay rights, Exxon Mobil used to ignore detractors - or thumb its nose at them.
ExxonMobil is said to be in on meetings discussing the potential structure of carbon controls in the U.S., a sign that the company believes curbs on greenhouse gas emissions are looming, according to a news report Thursday.
Despite all the worries, last year turned out to be quite good for blue-chip stocks. Although prices were flat early in 2006, stocks rallied strongly in the second half.
All indexes posted gains in November, with energy producers benefiting from a two-month peak in the price of oil. Widely held ExxonMobil led the way with an 8% gain, and the S&P's energy sector soa...
A federal appeals court Friday slashed in half the $5 billion punitive damage award against Exxon Mobil Corp. for the 1989 oil spill from the Exxon Valdez - one of the biggest oil spills in history - off the coast of Alaska.
ExxonMobil delivered its annual long term energy forecast Tuesday, saying that it expects the world will use 60% more energy in 2030 than in did in 2000. But despite this spike in demand, the oil giant does not expect to see any increase in the use of renewable energy sources from 2006 levels.
The major indexes all advanced in October, and high oil profits and rising oil prices pushed the S&P 500 energy sector from worst performer to best. Among the month's biggest winners was ExxonMobil...
A month or so ago it seemed as though a stock play in energy made at the beginning of the year could end up being a bad bet.
Soaring crude prices may have prompted oil companies to venture into ever hostile terrain to bring supplies to market, yet by one account all the spending may merely serve to hold production levels constant.
Stocks gave back early gains Thursday morning, turning lower, after a new home sales report revived worries about the slowdown in the housing market and what it might mean for the economy.
Stocks gave back early gains Thursday morning, turning mixed, as investors continued to welcome bullish earnings and the previous day's news from the Fed, but showed some caution after the recent advance.
ExxonMobil, navigating declining oil prices and higher production costs industry-wide, managed to post the second highest quarterly profit of all time, dazzling investors and sending the stock to a record high.
ExxonMobil, which has come under increasing scrutiny for funding junk science views on global warming in recent years, has given no money to a global warming denier group it had previously funded.
Exxon Mobil ranks no. 1 on FORTUNE's Global 500 this year, with $339.9 billion in revenues, up 25.5% from the previous year. The Irving, Texas-based company was ranked no. 3 on the 2005 list. Its 2005 profits were $36.1 billion, up 42.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
An estimated $30 billion a year is pouring into developing liquefied natural gas.
It's the most profitable corporation in the world. It's in a business that juggles geopolitics, economics and ecological health. It provides a finite resource which forms the backbone of our modern economy.
One look at the largest corporations in the world and a single conclusion jumps out: Natural resources are driving the global economy as never before. Five of the top ten companies on FORTUNE's 200...
1. Exxon Mobil
Exxon Mobil and the other oil companies will probably keep enjoying shockingly large profits through the rest of the year, but the energy sector as a whole is about to lose its bragging rights.
Exxon Mobil was accused of putting the bottom line ahead of environmental concerns on the day the oil behemoth announced its second best quarterly profit ever.
Technology shares tumbled, dragging on the broader market Thursday, as investors took a step back near the end of an otherwise strong week on Wall Street.
Bullish earnings from Exxon Mobil and a strong read on durable goods orders were among the factors boosting stocks Thursday morning.
Profits at Exxon Mobil surged 36 percent to a near record $10.4 billion in the second quarter as surging oil prices helped the world's largest publicly traded company soundly beat Wall Street forecasts.
If you get queasy at the rising price of gasoline, tune in Thursday when the world's largest company lets the world know just how much it has pocketed in the second quarter 2006.
ONE LOOK AT the largest corporations in the world and a single conclusion jumps out: Natural resources are driving the global economy as never before. Five of the top ten companies on FORTUNE's 2006 Global 500 are oil companies, one more than last year. Another four are automakers, whose customers pump plenty of gasoline. The outlier in the top ten is Wal-Mart Stores, which was unseated by Exxon Mobil from its four-year reign at No. 1. And, hey, in most places you have to reign at No. 1. And, hey, in most places you have to drive to get to a Wal-Mart.
One look at the largest corporations in the world and a single conclusion jumps out: Natural resources are driving the global economy as never before.
The world's biggest company is also a very big target. Even as it battles environmental critics and political opponents, Exxon (which leads this year's Fortune 500), is fighting hard to please Wall Street analysts, boost profits even further and increase its already staggering level of oil and gas production.
ExxonMobil on Thursday was asked to pay another $92 million to further clean up shorelines in Prince William Sound and the Gulf of Alaska, which still contain oil from the 1989 Exxon Valdez oil spill.
The Justice Department and the state of Alaska Thursday asked ExxonMobil to pay another $92 million for additional cleanup of shorelines in Prince William Sound and the Gulf of Alaska, which still contain oil from the 1989 Exxon Valdez oil spill.
Exxon Mobile shareholders approved five nominees for the company's board of directors Wednesday, despite criticism that the board is not paying enough attention to global warming and paying lavish salaries to its top executives.
Does ExxonMobil have a problem with gay people?
Exxon chief executive Rex Tillerson said Tuesday there is little lawmakers can do to combat rising energy costs and urged consumers to reduce demand by using less.
Exxon Gets It
Stocks slid Thursday morning, with the Dow industrials backing off from six-year highs hit yesterday, amid disappointing earnings from Exxon Mobil, rising interest rates and jitters ahead of testimony from Fed chair Ben Bernanke.
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