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Exxon Mobil Corp

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  • *Seven oil and gas discoveries made in recent weeks. LONDON, May 29- Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector that remains severely bruised by the oil price slump. Seven successful discoveries with potential to become commercial have...

  • *Seven oil and gas discoveries made in recent weeks. LONDON, May 29- Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector that remains severely bruised by the oil price slump. Seven successful discoveries with potential to become commercial have...

  • HOUSTON, May 27- Shareholders of the top two U.S. oil companies on Wednesday rejected proposals to add directors with climate change expertise to their boards, but a measure passed at one, Chevron Corp, could give new power to minority investors with environmental concerns. Proposals to add an independent director with expertise in climate change received the...

  • Exxon shareholders to vote on climate change, fracking Wednesday, 27 May 2015 | 11:07 AM ET

    The votes at meetings of Exxon Mobil Corp. and Chevron Corp. shareholders on Wednesday were expected. At the Exxon Mobil meeting in Dallas, CEO Rex Tillerson said the company is positioned to withstand ups and down in oil prices and give shareholders a good return on their money. Exxon has completed more than a dozen major projects in the past three years and...

  • HOUSTON, May 27- Progressive shareholders are pushing to add directors with climate change expertise to the boards of Exxon Mobil Corp and Chevron Corp, arguing the largest U.S. oil companies need more depth of knowledge to navigate environmental issues. In January, Europe's Royal Dutch Shell Plc backed a measure from activist investors asking it to be more...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • Media CEOs dominate ranks of top-paid executives Tuesday, 26 May 2015 | 6:00 AM ET

    The best-paid chief executive of a large American company was David Zaslav, head of Discovery Communications, the pay-TV channel operator that is home to "Shark Week." Les Moonves, of CBS, held on to second place in the rankings, despite a drop in pay from a year earlier. The remaining four CEOs, from entertainment giants Viacom, Walt Disney, Comcast and Time Warner, have...

  • LONDON, May 24- For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning. The second-year engineering student from Balliol College is not alone. Norway's $900 billion sovereign wealth fund and the Church of England are among recent...

  • LOS ANGELES, May 22- Owners of an oil pipeline that burst in California this week must take numerous corrective measures, including an in-depth analysis of factors contributing to the spill and a plan to fix any flaws found, before they can restart the line, U.S. safety officials said on Friday. The corrective action order issued on Thursday by the U.S....

  • Saudi Arabia rewrites its oil game with refining might Friday, 22 May 2015 | 10:25 AM ET

    *Refining and trading could shift Kingdom's OPEC calculus. LONDON, May 22- Saudi Arabia's rapid transition into one of the world's largest oil refiners adds an extra dimension to the oil exporter's role as the driver of OPEC policy. When it attends OPEC's next meeting in two weeks, it does so with major new state-of-the-art oil refineries that can profit from...

  • SANTA BARBARA, May 21- Cleanup teams labored on Thursday for a third day to remove patches of crude petroleum that stained a California beach and fouled offshore waters from a pipeline rupture that may rank as the biggest oil spill to hit the Santa Barbara coastline in more than four decades. Environmental activists and local officials said it was believed to be...

  • SANTA BARBARA, May 21- Cleanup teams labored on Thursday for a third day to remove patches of crude petroleum that stained a California beach and fouled offshore waters from a pipeline rupture that may rank as the biggest oil spill to hit the Santa Barbara coastline in more than four decades. Refugio State Beach and El Capitan State Beach, both popular seaside...

  • GEORGETOWN, Guyana— Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a "significant" oil discovery off Guyana in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries. Venezuela has long claimed about two-thirds of Guyana's territory as well as the offshore area where Exxon Mobil...

  • BUENOS AIRES, May 19- Labor disputes are on the rise in Argentina and costing foreign energy companies millions of dollars as they explore the country's vast but barely-tapped Vaca Muerta shale oil and gas field, company officials said. Trade Unions are a powerful force in Argentina, Latin America's No. 3 economy, where the frequency of industrial disputes are a...

  • US STOCKS-Wall St slips, Wal-Mart biggest drag Tuesday, 19 May 2015 | 10:22 AM ET

    *Wal-Mart biggest drag on Dow, S&P. May 19- U.S. stock fell on Tuesday, dragged down by Wal-Mart's weak results and after a rally that took the Dow Jones industrial average and the S&P 500 to record closing highs. Markets have been pushed higher by the fact that there is nowhere else to invest, said Peter Cardillo, chief market economist at Rockwell Global Capital in New...

  • Soaring L.A. jet prices attract Asian imports Monday, 18 May 2015 | 8:56 PM ET

    SAN FRANCISCO, May 18- Wholesale jet fuel prices in the Los Angeles market remained high on Monday due to maintenance issues at refineries along the West Coast, prompting shipments from Korea and Japan that are expected to arrive in early June, traders said on Monday. The price surge is due to low supplies caused by planned maintenance at Chevron's El Segundo...

  • *Baghdad delays oil contract negotiations as prices rally. DUBAI, May 18- BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil companies. The British oil major has agreed with Baghdad to reduce its 2015...

  • Malaysia's IPO market faces a slump, weighed by a worsening economic outlook, currency volatility and dismal performances from some of last year's debutantes.

  • DuPont win over Peltz is a win for investors Thursday, 14 May 2015 | 11:42 AM ET
    Nelson Peltz

    DuPont's win over activist investor Nelson Peltz is a victory for long-term shareholders, says former Medtronic CEO Bill George.

  • May 13- Exxon Mobil Corp said on Wednesday it has shut a gasoline-making fluid catalytic cracking unit, alkylation unit, LPG merox, one of the hydrogen plants, and a couple of coker towers for a planned maintenance at its 149,500- barrel-per-day refinery in Torrance, California.