Exxon Mobil News

Gov. Sarah Palin's unexpected midterm departure should not affect the project she touted as one of her primary successes, a massive natural gas pipeline, according to state lawmakers and sources in the industry.

David Ebner Vancouver - Globe and Mail Update Last updated on Thursday, Jul. 09, 2009 07:37PM EDT T he first results from Exxon Mobil Corp.'s XOM-N exploration of the large Horn River natural gas field in British Columbia suggest there could be even more gas in the area than previously predicted.

Exxon Mobil Corp. thinks it may have a world-class natural gas find in the Horn River shale rock basin in British Columbia, the Wall Street Journal reports.

Fredericksburg police say they were able to track down three cross-dressing credit card thieves who stole a woman's credit cards and then went on a shopping spree.

The number of US companies featured in the annual Fortune 500 list of top global companies has fallen to its lowest level, the business magazine says.

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The latest data on stock repurchases by companies in the S&P 500 shows a severe year-over-year decline, as most companies conserved cash for what many must have thought was an Armageddon in the financial markets and economy.

With everyone from big business to the small homeowner feeling the pinch of the weakened economy, many communities across the commonwealth have had to scrap their annual Independence Day celebrations due to budgetary constraints.

Federal authorities say PacifiCorp and Exxon Mobil Corp. face charges of killing scores of migratory birds in Wyoming.

Exxon Mobil Corp. said it will not appeal a court decision requiring it to pay millions of dollars in interest on $507.5 million in punitive damages stemming from a 1989 oil spill in Prince William Sound.

Iraq's historic auction on June 30 of oil fields to international companies has not gone according to plan.

President Barack Obama is considering new curbs on U.S. oil refineries whose gas emissions pose a cancer risk to hundreds of thousands of people living near the plants, setting up a potential conflict with companies over the cost of new regulations.

A consortium led by the Chinese National Petroleum Corp and British giant BP PLC won the deal to develop the Rumaila oil field in southern Iraq on Tuesday.

More than 30 international firms have started bidding for development rights for Iraqa s massive oil and gas fields.

IndexUniverse had an article up Monday about the rebalancing at Russell Investments that occurs every June and was just implemented for 2009.

Iraq's hopes for an oil-revenue fueled postwar recovery suffered a sharp blow Tuesday as the foreign oil companies it counted on to help develop its vast reserves greeted the country's first oil auction in more than 30 years with grumbles and one deal.

XLE's holdings are heavily tilted toward the major integrated oil companies, with ExxonMobil and Chevron accounting for slightly more the one-third of the ETF's holdings, followed by ConocoPhillips , Schlumberger , Occidental Petroleum , and so on.

Iraq auctioned off eight giant oil and gas fields on Tuesday in its first major tender since the 2003 invasion, but there appeared to be a big gulf between what Iraq was willing to pay and firms willing to accept.

On April 19, 1775, a call went out to militiamen all across Massachusetts to rally in Lexington to halt British soldiers headed to confiscate Patriot weapons stores in Concord.

Stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.