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Exxon Mobil Corp

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  • Wilbur Ross: Run-Up in Oil Prices Is a Bubble Monday, 30 Jun 2008 | 5:05 PM ET

    The dramatic rise in oil prices is a bubble, famous turnaround investor Wilbur Ross told CNBC Monday, adding that there is no apparent supply problem with crude.

  • Pops & Drops: Anheuser-Busch, Boeing... Friday, 27 Jun 2008 | 6:27 PM ET

    Following are the week’s biggest winners and losers. Find out why shares of Anheuser-Busch and Exxon Mobil popped while Boeing and Yahoo! dropped.

  • General Motors

    GM's shares  have plummeted to less than $12, the lowest level since 1955. That means the  world's largest auto maker has a stock market value of only about $7 billion.

  • Dow Ends Near 2-Year Low and Bear Territory Thursday, 26 Jun 2008 | 4:53 PM ET

    The Dow closed at its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • CSX Railroad

    CSX pulled a fast one by moving slowly at its annual meeting. The nation's third largest freight railroad dragging it out for more than four hours on Wednesday. Four hours that included a long-winded presentation about the company's recovery efforts post-Katrina...

  • Impact of Exxon Valdez Wednesday, 25 Jun 2008 | 5:04 PM ET

    The Supreme Court ruled today that the punitive damages for ExxonMobil in the Exxon Valdez oil spill of 1989 should be reduced from $2.5 billion to an amount decided by a lower court, not to exceed $507.5 million.  Here are some factoids on the economic impact of this spill.

  • Exxon Valdez Damages Ruling Overturned Wednesday, 25 Jun 2008 | 11:12 AM ET

    The Supreme Court on Wednesday overturned the $2.5 billion in punitive damages that Exxon Mobil had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska.

  • Stocks End Mixed as Financials Suffer Monday, 23 Jun 2008 | 4:19 PM ET

    Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • Stocks Waver as Autos, Financials Curb Gains Monday, 23 Jun 2008 | 3:01 PM ET

    Stocks wavered as oil's relentless ascent boosted energy stocks but a sharp drop in financials and autos curbed gains.

  • Financials Skid; Oil Boosts Energy Stocks Monday, 23 Jun 2008 | 1:31 PM ET

    The market's dollar-fueled  rally fizzled as oil resumed its ascent and weakness in financials seeped into the broader market.

  • Technology Friday, 20 Jun 2008 | 3:54 PM ET

    With growing talk about peak oil — when the globe’s petroleum reserves begin an inexorable decline — exploration companies are increasingly turning high-tech to delay this eventuality.   There's been stunning advances in the industry's ability to visualize what lies deep underground and to extract more of what's down there.

  • Investment Guide: Exchange Traded Funds Friday, 20 Jun 2008 | 3:52 PM ET

    Not long ago, it was hard for retail investors to play the oil patch. Not anymore. As the energy bull market rages on, investors looking for a piece of the gains in oil and gas (and alternative energy) need only select from the dozens of energy-oriented Exchange Traded Funds (ETFSs) that are cropping up to meet demand.

  • Stocks Rebound As Buyers Swoop Thursday, 19 Jun 2008 | 5:55 PM ET

    The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"

  • Stocks Pull Off a Gain; Oil Drop Buoys Techs Thursday, 19 Jun 2008 | 5:04 PM ET

    Stocks bobbed up and down Thursday, struggling to hold onto gains, as investors weighed oil's retreat against a dismal manufacturing reading and a fresh wave of concern about banks.  Oil slipped nearly $5, settling at $131.93 a barrel.

  • Big Oil Heads Back To Iraq Thursday, 19 Jun 2008 | 3:03 PM ET
    Iraqi Oil Field Map

    Exxon Mobil, British Petroleum, Royal Dutch Shell and Total are reportedly near a deal with the Iraqi Oil Ministry that will grant the oil giants "no-bid" contracts for access to the country’s oil fields. This will mark the first time these firms have had commercial access to Iraq since the U.S. invasion in 2003.

  • Stocks Grapple With Oil Drop, Downgrades Thursday, 19 Jun 2008 | 2:51 PM ET

    Stocks wavered Thursday after a dismal manufacturing reading and a slew of analyst downgrades.

  • Stocks Wobble Amid Slew of Downgrades Thursday, 19 Jun 2008 | 11:32 AM ET

    Stocks wavered Thursday after a dismal manufacturing reading and a slew of analyst downgrades.

  • Dow Drops Below 12000; Upgrade Boosts AIG Thursday, 19 Jun 2008 | 10:33 AM ET

    Stocks declined Thursday, with the Dow dropping below the key 12000 mark, but were cushioned by AIG's advance.

  • Nat Gas Is Not Done Wednesday, 18 Jun 2008 | 6:24 PM ET

    Don't think a plateau in oil stocks means the end of an energy run.

  • Stocks Slide as Bank Worries Rattle Market Tuesday, 17 Jun 2008 | 5:08 PM ET

    Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.