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Exxon Mobil Corp

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  • Stock Buybacks Surged in '07, but Pace to Slow Monday, 7 Apr 2008 | 12:41 PM ET
    Hundred Dollar

    Companies in the Standard & Poor's 500 index bought a record $589 billion of their own stock in 2007 as they looked for ways to spend their cash hoards, S&P said Monday.

  • Oil Ends Up at $106.23 on Weak Dollar Friday, 4 Apr 2008 | 4:04 PM ET
    Traders buy and sell crude oil futures contracts at the New York Mercantile Exchange.

    Oil prices rose more than 2 percent Friday as weakness in the U.S. dollar following a batch of soft jobs data outweighed fears of a demand slowdown in the world's biggest energy consumer.

  • Should U.S. Crack Down on Fuel Speculators? Thursday, 3 Apr 2008 | 3:02 PM ET
    Heating Oil Delivery Truck

    Are hedge funds and investment banks unfairly driving up fuel costs for families in the U.S. -- or are soaring energy prices the result of a strong global economy and a free financial system? Industry officials are debating the question -- and will present their arguments to CNBC on Thursday.

  • Hugo Chavez Plans Tax on Oil Sales Above $70 a Barrel Thursday, 3 Apr 2008 | 11:54 AM ET
    Venezuela, Venezuelan Flag

    Venezuela is preparing a "windfall" oil tax to boost the OPEC nation's revenues from record crude prices, only months after leftist President Hugo Chavez's nationalization crusade forced out two of the world's largest energy companies

  • Exxon and PNG Near Deal on LNG Project Wednesday, 2 Apr 2008 | 11:41 PM ET

    U.S. oil major Exxon Mobil and Papua New Guinea (PNG) could reach an agreement on the financial terms for a proposed liquefied natural gas (LNG) project as early as mid-April, sources said on Thursday.

  • Builders Show Strength As Stocks Wobble Wednesday, 2 Apr 2008 | 2:27 PM ET

    Stocks wobbled at the open Wednesday as the market looked to Federal Reserve Chairman Ben Bernanke, testifying on Capitol Hill today and tomorrow, for direction.

  • Wind turbines are seen in Dronten, the Netherlands, July 27, 2006. The Dutch have used windmills for centuries to pump water out of their low-lying country, and old-fashioned wooden mills are closely linked with their international image. But in the face of a large and growing lobby against the windmill's modern electricity-generating counterpart, the wind turbine, the country has now started moving them offshore and out of sight. (AP Photo/ Peter Dejong)

    Democrats think they have a revenue-neutral solution: shift some $18 billion in subsidies now helping the bottom line of the oil and gas industry to fledging green industries – wind, solar and alternative fuels.

  • Stocks Turn Mixed as Oil Tops $107 Thursday, 27 Mar 2008 | 3:14 PM ET

    Stocks retreated Thursday after another analyst warning on the financial sector and disappointing earnings from Oracle.

  • Dow Posts Triple-Digit Loss; Oil Tops $106 Wednesday, 26 Mar 2008 | 4:48 PM ET

    Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.

  • Oil Surge, Bank Outlook Clobber Stocks Wednesday, 26 Mar 2008 | 2:53 PM ET

    Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.

  • Oil Surge, Bank Outlook Clobber Stocks Wednesday, 26 Mar 2008 | 2:33 PM ET

    Stocks fell to session lows Wednesday amid a resurgence in oil prices and after one analyst said there was no end in sight to the decline in bank profits.

  • The 'Peak Oil' Theory: Will Oil Reserves Run Dry? Thursday, 20 Mar 2008 | 6:27 PM ET
    Matt Simmons

    The concept of "peak oil" could  be thrown out the window if vast offshore and unconventional sources can be developed. Two experts weigh in on the subject.

  • So Dow is up 400 Tuesday, down 300 on Wednesday, up almost 300 today...guys on the floor have finally figured out how to make money in this market. Come in every other day. It started with Fannie Mae and Freddie Mac this week (both up over 50 percent for the week), but this week's rally quickly spread to financials, then finally to other large cap stocks like GE.

  • Commodities Correction Thursday, 20 Mar 2008 | 3:58 PM ET

    Even during a violent pullback, there are still opportunities. You just need to know where to look.

  • Dow Sheds Over 2% as Oil Plunges Nearly $5 Wednesday, 19 Mar 2008 | 6:20 PM ET

    Stocks declined Wednesday amid profit-taking from the prior session's rally, a sharp drop in crude prices and lingering concerns about credit.

  • Thursday Could Tell If Market's At Bottom Wednesday, 19 Mar 2008 | 5:08 PM ET

    Natexis Bleichroder's John Roque says tomorrow's market action will tell the tale of Tuesday's big run up. Is the market bottoming, as many traders were quick to say as the Dow and financial stocks rocketed?

  • Commodities Eating Up Market's Gains Wednesday, 19 Mar 2008 | 4:14 PM ET

    The Dow has given up more than half of yesterday's gain, but much of this is due to the commodity route. The dollar has been rallying two days, giving some hope to those who believe that the dollar's seven year decline is coming to and end.

  • Profit-Taking Puts Lid on Rally; Visa Surges Wednesday, 19 Mar 2008 | 1:48 PM ET

    An early rally fizzled Wednesday amid profit-taking from the prior session's rally and lingering concerns about credit.

  • Opening Rally Fizzles; Visa Shares Surge Wednesday, 19 Mar 2008 | 11:29 AM ET

    Stocks turned mixed Wednesday after an initial jump spurred by news that regulators will provide some much-needed capital relief to Fannie Mae and Freddie Mac. Visa shares surged.

  • Court Reverses Exxon Freeze on Venezuela Assets Tuesday, 18 Mar 2008 | 11:37 AM ET
    Venezuela, Venezuelan Flag

    A British judge has lifted a $12 billion freeze on Venezuelan assets awarded to U.S. oil major Exxon Mobil in a spat over a seized oil project.