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Exxon Mobil Corp

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  • 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...

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

    U.S. stocks closed higher, recovering from Tuesday's selloff, as Greece news cheered investors amid a slight pause in the dollar and yield climb.

  • 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...

  • Cell boom leading to more crashes: Safety group Sunday, 24 May 2015 | 11:00 AM ET
    Texting and driving

    With people increasingly plugged in to mobile devices, drivers are also more distracted than ever, according to a safety group.

  • 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...

  • Pay up now, but gas is going to get much cheaper Friday, 22 May 2015 | 9:42 AM ET
    Gas pump gasoline prices

    Drivers will pay a few more cents per gallon for gasoline this Memorial Day weekend, but that should be the highest price of the year, experts say.

  • 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...

  • Energy stocks cheapest in nearly 30 years: Analyst Thursday, 21 May 2015 | 1:17 PM ET

    Bank of America Merrill Lynch raised its opinion of stocks in the energy sector, recommending clients overweight the shares in their portfolios.

  • 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...

  • 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.

  • 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...