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Exxon News

Exxon and Saudi company betting heavy on plastics with Texas deal

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a new $10 billion petrochemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.

Papua New Guinea PM denies 'chasing" investors away

Port Moresby - Papua New Guinea's new Prime Minister toned down fiery rhetoric against foreign resource companies during a first address to the nation Wednesday, saying he was not trying to chase investors away.

US Treasury will not waive Russia sanctions for oil companies

Washington - The US Treasury on Friday said it would not waive trade sanctions for US companies seeking to resume oil drilling in Russia, including ExxonMobil.

US Treasury will not waive Russia sanctions for oil companies

Washington - The US Treasury on Friday said it would not waive trade sanctions for US companies seeking to resume oil drilling in Russia, including ExxonMobil.

Op-Ed: Gov. Christie makes his own deal with Exxon Mobil

New Jersey Gov. Christie's proposed settlement deal with Exxon Mobil Corp. is being called a "colossal giveaway." Legislators and environmental groups are calling for an investigation and an outright rejection of the deal.

New DC Metro ads expose ExxonMobil oil spill in Arkansas

Washington - Environmental groups are urging the State Department to stop construction on the Keystone XL Pipeline. Starting from Monday, consumer watchdog organization, is placing ads in the DC metro system, exposing images of the Arkansas oil spill.

Iraq: On the brink of civil war over Exxon?

On Tuesday, troops from Iraq’s autonomous Kurdistan region opened fire on an Iraqi army helicopter flying near Sikanyan town located north of Kirkuk, a city which sits atop some of the world's largest oil reserves.

Apple briefly passes Exxon as America's most valuable company

Apple Inc. temporarily surpassed oil giant ExxonMobil as the world's most valuable company yesterday. Even though the technology company didn't finish on top, it is projected it will accomplish that task soon enough.

BP, Exxon just keep spilling oil

A rupture at a BP pipeline closed for maintenance spilled 4200 gallons of a mixture of methanol and oily water onto the Alaskan tundra over the weekend.

Op-Ed: The American GOP: Spoon-feeding the rich, bankrupting the nation

The GOP has executed the largest transfer of wealth in U.S. history. Due to unfair tax schemes and an obsession for selling out to corporations while hobbling the middle class, the U.S. has record numbers of billionaires and people living in poverty.

Exxon CEO calls effort to repeal oil tax breaks ‘discriminatory’

Washington - Exxon Mobil CEO Rex Tillerson has labeled an attempt by US Senate Democrats to pass a bill that would repeal tax breaks for oil companies as counterproductive and has charged the undertaking as “misinformed and discriminatory.”

Exxon facing federal lawsuit over Clean Air Act violations

Houston - ExxonMobile, America’s largest refinery, is facing a federal lawsuit from a group of Texas environmentalists working together at reducing harmful emissions created by violators of the Clean Air Act.

US Stocks Up On Exxon Earnings, Coal-Company Outlooks, US Data

The energy sector got a boost on Monday due to strong earnings from Exxon Mobil and comments made by coal analysts and that lead to a broad stock market rally.

US Started Iraq War 'Just for oil?' Apparently Not

Critics of the 2003 US invasion of Iraq cite the American "thirst for oil" as the primary motivation. Recent events have proven them wrong. The recently completed auction of Iraqi oil production rights was dominated by other countries.

Exxon Mobil buys XTO Energy for $31 billion

Exxon Mobil Corp, America's largest oil company, agrees to purchase XTO, boosting energy stocks. With speculation of emission restrictions, Exxon now secures a greater supply of natural gas.

NJ Senator Frank Lautenberg Introduces Oil Spill Legislation

Coinciding with the Exxon Valdez disaster, New Jersey Democratic Senator Frank Lautenberg introduced a bill on Tuesday to protect against large tanker oil spills. New legislation could protect coastal communities.

Fossil Fool Awards Call Out Companies and Politicians for Climate Change Violations

A satirical annual award event “honoured” the worst perpetrators furthering the progress of climate change. Winners of the Foolies, Fossil Fool Awards 2008, included CEOs of Bank of America and General Motors, and President George W. Bush.

Exxon leader: 'Climate getting warmer'

"Exxon Mobil Chairman Rex Tillerson told a world energy conference today 'there is no question that the world's climate is getting warmer,' and said that technological advances and a global strategy will be needed to combat the rise in carbon emissions."

Damage of Exxon Valdez endures

17 Years after Exxon Valdez oil spill in 1989, the oil is still there and causes problems for fishes and birds.

Exxon Mobil sets annual Profit Record, Largest in US History

Exxon Mobil records the largest earnings record in US history, $39.5 Billion US Dollars.

Exxon Mobil Posts $10.49B Profit in 3Q

I can't even wrap my brain around a number that high!

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File photo: Exxon Mobil Refinery in Baton Rouge  Louisiana  seen from the top of the Louisiana State...
File photo: Exxon Mobil Refinery in Baton Rouge, Louisiana, seen from the top of the Louisiana State Capitol. Image dated March 5, 2017.
WClarke (CC BY-SA 4.0)
File photo: Exxon CEO Rex Tillerson.
File photo: Exxon CEO Rex Tillerson.
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Exxon CEO Rex Tillerson
Exxon CEO Rex Tillerson
William Munoz

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