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Exxon Mobil Corp

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  • 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...

  • TRENTON, N.J.— The New Jersey Assembly is condemning a proposed $225 million settlement in an environmental dispute with ExxonMobil that Republican Gov. The Democrat-majority Assembly approved a nonbinding resolution Thursday, criticizing the deal the state attorney general and the New Jersey Environmental Protection Department reached with the oil...

  • 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.

  • WILLISTON, N.D., May 13- North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices. "We scratched our heads in the month of March" as to why production increased, Lynn Helms, director of the state's Department of Mineral Resources, said during a conference...

  • ABU DHABI/ SEOUL May 13- State-run Abu Dhabi National Oil Company has signed a 40- year deal with GS Energy, selling the South Korean firm a 3 percent stake in an onshore oil concession to develop the United Arab Emirates' biggest oilfields. GS Energy joins Japan's Inpex Corp and France's Total in winning contracts so far to develop the oilfields, which produce 1.6...

  • WASHINGTON, April 1- For a leader who has made fighting climate change a priority, President Barack Obama's decision to approve Royal Dutch Shell's return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. But Shell, which has already spent about $6 billion exploring the Arctic, expects to return to polar waters this...

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed mildly lower, recovering from sharp morning losses as investors found some relief from a slight recovery in the bond market.

  • SINGAPORE, May 12- ExxonMobil has begun ramping up production at a new Indonesian oilfield, targeting peak output later this year of more than 200,000 barrels per day that will add to an already oversupplied crude market. Output from the Banyu Urip field, part of ExxonMobil's Cepu block in East Java, is crucial to Indonesia's long-term efforts to meet rising...

  • Cramer Remix: I'm making a bold call on China Monday, 11 May 2015 | 7:24 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer is eyeing the Far East.

  • Cramer: CRM? Yelp? Genius mergers, ready to pop Monday, 11 May 2015 | 6:11 PM ET
    Marc Benioff, chairman and chief executive officer of Salesforce.com Inc. (left), speaks with Tony Prophet, vice president of Windows marketing at Microsoft Corp.

    Jim Cramer wonders, if Actavis can make it work, why can't other acquisitions? He proposes a few worthwhile acquisitions ready to be scooped up.

  • May 11- New Jersey Governor Chris Christie on Monday vetoed legislation that would have directed more money from environmental legal settlements to be used to fund cleanups of pollution. "The protection and preservation of the ecological wonders of which New Jersey is so proud have always been critical considerations when weighing where New Jersey's...

  • Chris Christie vetoed a bill Monday that would have required New Jersey to put the majority of its money from a much-criticized proposed pollution settlement with Exxon Mobil Corp. toward environmental cleanups. Democrats who control the Legislature passed a bill requiring half of the money beyond the first $50 million in any natural resources...