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Exxon Mobil Corp

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  • HOUSTON/ NEW YORK, June 15- Steep downward revisions to oil and gas reserves at the end of this year are likely to increase scrutiny of how energy companies tally future barrels- a process that has become more opaque with the rise of shale drilling. Reserve growth is used at companies, including ConocoPhillips as a component of the chief executive's compensation.

  • WASHINGTON, June 12- The U.S. oil pipeline safety office on Friday denied a request by Exxon Mobil Corp to reconsider a $1 million penalty for an oil spill into the Yellowstone River in 2011..

  • *Greece talks suffer setback after IMF quits. June 12- U.S. stocks fell in lackluster trading and trimmed their gains for the week, pressured by a setback in Greece's debt talks and increased possibility of a September rate hike. Greece said it would not cross its "red lines" as it looked to intensify political negotiations for an agreement, saying the International...

  • *Energy firms accelerate activity ahead of Paris summit. Discrete talks in the eyrie of Davos in January led to a spontaneous, light bulb moment on a stage in Oslo in February. Faced with growing pressure from shareholders, vocal divestment campaigns by the media and advocacy groups, there looms the critical moment of the United Nations climate summit in Paris in...

  • US STOCKS-Wall St opens lower as Greek crisis weighs Friday, 12 Jun 2015 | 10:22 AM ET

    *Greece talks suffer setback after IMF quits. *Apple weighs on Nasdaq; IBM on Dow. Greece said it would not cross its "red lines" as it looked to intensify political negotiations for an agreement, saying IMF's move to quit bailout talks was aimed at putting pressure on Athens.

  • JAKARTA, June 11- Global energy companies are expected to continue to reduce oil and gas production in Indonesia next year, the country's upstream energy regulator said on Thursday. Indonesia was once self-sufficient in oil and gas but has struggled for years to attract investment to halt declining output- difficulties that have been exacerbated by the...

  • MOSCOW, June 11- Russian state oil producer Rosneft will be forced to postpone drilling a second well in the Kara Sea for at least two more years, three sources told Reuters, as a result of Western sanctions over the Ukraine crisis. The delay will be a blow to Rosneft, which is key to President Vladimir Putin's goal of lifting output and securing Russia's energy...

  • CARACAS, June 9- Venezuela on Tuesday demanded that neighboring Guyana halt oil exploration being carried out by Exxon Mobil Corp in disputed offshore territory in an escalation of a long-running border dispute between the two South American nations. Exxon last month said it found oil off Guyana's coast, spurring complaints from Caracas that Guyana is...

  • CARACAS, June 9- Venezuela on Tuesday demanded that neighboring Guyana halt oil exploration being carried out by Exxon Mobil Corp in disputed offshore territory in an escalation of a long-running border dispute between the two South American nations. Exxon last month said it found oil off Guyana's coast, spurring complaints from Caracas that Guyana is...

  • For those aged 34 or younger, their No. 2 favorite stock- behind only mighty Apple Inc- is none other than Warren Buffett's Berkshire Hathaway Inc.. This is according to new data from the brokerage TD Ameritrade, which took a snapshot in May of the individual equity holdings of every one of its retail clients. Among the top picks for young adults aged 34 and younger:...

  • WASHINGTON, June 8- A Republican businessman said on Monday he is pouring millions of dollars into a foundation that sees opportunities where the majority of his fellow party members do not: easing climate change and speeding the country's transition to clean energy. Jay Faison of Charlotte, North Carolina, has given $165 million to Clearpath, his foundation...

  • Dow loses gains for the year; transports off 2% Monday, 8 Jun 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed near session lows as investors weighed multi-month highs in bond yields amid greater expectations of tightening.

  • Nobody is safe! Why US oil firms could get bought Sunday, 7 Jun 2015 | 5:25 PM ET

    Oppenheimer analyst Fadel Gheit says every U.S. oil company is a potential takeover target as large firms hunt for growth.

  • WILLISTON, N.D., June 3- North Dakota oil regulators ordered small, privately held Zavanna LLC to shut in oil wells near the confluence of the Missouri and Yellowstone rivers on Wednesday after more than 1.5 inches of rain raised flooding concerns. Other oil producers near the confluence, including Statoil, Exxon Mobil's XTO Energy and Oasis Petroleum, have the...

  • VIENNA, June 3- Six months after OPEC upended oil markets and sent prices crashing, the head of U.S. oil giant ExxonMobil has an unusual message for the cartel: thanks. The price collapse has helped shine a sharper light on the highest-cost producers, Rex Tillerson, head of the world's largest publicly traded oil company, told a rare meeting of oil executives and OPEC...

  • This week's letter calling for a global carbon pricing by Europe's Statoil, Total, BP, Shell as well as ENI and BG showed first signs of such an agreement, albeit without the support of U.S. peers Exxon Mobil and Chevron. "While we have had discussions with European majors, and we wish them well, we don't believe we need to join this scheme," said Exxon Mobil...

  • LONDON, June 1- Europe's top oil and gas companies urged governments around the world to introduce a pricing system for carbon emissions, as governments meet in Bonn, Germany, on Monday to work on a U.N. deal to fight climate change. Criticized for not doing enough to tackle climate change, the chief executives of BG Group, BP, Eni, Royal Dutch Shell, Statoil and France's...

  • Energy firms want say in carbon pricing system Monday, 1 Jun 2015 | 2:02 AM ET
    Greenhouse gas power plant

    Six oil and gas companies have banded together to ask the UN to let them help devise a plan to stop global warming.

  • *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...