Exxon

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Exxon Skimps On Oil Production To Boost Profits

BusinessWeek Via MSN   |   March 21, 2008 11:42 AM


Reports of slackening demand sent oil down another 2.5% on Thursday to $101.84 per barrel. Crude prices have declined 7.6% since the beginning of the week. Not long ago, that would have been an astonishing plunge that shook the trading...

Chief Justice Roberts Defends ExxonMobil

Think Progress   |   February 28, 2008 12:42 PM


Yesterday, 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...

All Hail Exxon

Judy Dugan | Posted February 15, 2008 | Politics


Judy Dugan

I can't believe Investors Business Daily would do so little checking of an editorial on Tuesday slamming the critics of ExxonMobil.

The editorial, "Record Profits Mean Record Taxes," is based in large part on a blog post by Mark Perry, an economics professor at the Flint,...

Venezuela Cuts Oil Supply To Exxon

CNNMoney   |   February 13, 2008 02:01 AM


Venezuela's state oil company said Tuesday it has stopped selling crude to Exxon Mobil and has suspended commercial relations with the U.S.-based oil company. State-run Petroleos de Venezuela, or PDVSA, said in a statement that it "has paralyzed sales of...

Exxon Rakes in Record $11.6 Billion Quarterly Earnings While Cheering OPEC's Readiness to Cut Production

Raymond J. Learsy | Posted February 4, 2008 | Business


Raymond J. Learsy

Virtually the same day that Exxon announced their gangbuster record earnings of $11.66 billion the New York Times ("Exxon sets profit record..." 2/2/08) reported that the Organization of Petroleum Exporting Countries (OPEC), having held production levels fast this month, signaled it would be ready to cut production when it...

Exxon Posts Record Profits on Oil Prices

AP   |  JOHN PORRETTO   |   February 1, 2008


HOUSTON — Exxon Mobil Corp. posted the largest annual profit by a U.S. company _ $40.6 billion _ on Friday as the world's biggest publicly traded oil company benefited from historic crude prices at the end of the year. Exxon...

How Big Oil Is Forced To Share The Wealth

Wall Street Journal   |  Guy Chazan   |   November 9, 2007 04:02 PM


Oil at $100 a barrel is a bane for fuel consumers. But it isn't entirely a boon for major oil companies, either. The rub: The economics of the production deals governing some of the world's biggest oil fields stipulate that...

 

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