Exxon reported a 2% rise in fourth-quarter earnings Tuesday as higher oil prices offset declining production volumes.
Apple nudged out oil giant ExxonMobil on Wednesday to become the most valuable publicly-traded company in the world.
When the World Bank's arbitration body weighs in on a dispute between Venezuela and ExxonMobil, President Hugo Chavez says he won't respect the decision.
El presidente de Venezuela reacciona ante el fallo que establece que PDVSA debe pagar 908 millones de dólares a Exxon.
Venezuela said Monday that it would pay ExxonMobil $255 million after an international arbitration ruling over the South American country's 2007 nationalization of a joint project.
Exxon Mobil Chief Executive Rex Tillerson refused Tuesday to answer questions about a controversial deal the oil company has signed with the Kurdish government in northern Iraq.
Stocks opened higher across the board this morning on news that European countries finally managed to agree on a new debt restructuring and bailout deal.
Exxon Mobil reported quarterly earnings of $10.3 billion on Thursday, a surge of 41% from a year earlier.
CNN's Max Foster and Jim Boulden take a look at the $3.2 billion Exxon-Rosneft deal to develop oil in the Arctic.
ExxonMobil is making a big move into the Russian Arctic. The U.S. oil company entered into a partnership with Russian oil giant Rosneft Tuesday, giving Exxon access to vast Arctic oil deposits and Rosneft a leg up in cutting-edge oil technology.
Exxon Mobil on Thursday reported a profit of $10.7 billion in the second quarter, up 41% from the prior year, driven in part by higher gas prices.
This earnings season, the market has been unforgiving to any company that fell short of expectations.
Global energy giant Exxon Mobil Corp. will be forced to face a lawsuit over alleged murder and torture committed by company agents in remote Indonesia, after a federal appeals court said Friday that corporations cannot claim immunity from liability.
Surveying his land that lies in the shadow of the Rocky Mountains, farmer Mike Scott states the obvious.
The Yellowstone River oil spill invades one farmer's land. CNN's Patrick Oppmann reports.
Federal authorities have ordered ExxonMobil to make safety improvements to a ruptured pipeline in Montana that caused 750 to 1,000 barrels of crude oil to gush into the Yellowstone River last week.
A rapid response team is trying to clean up crude oil spilled by a broken pipeline into the Yellow Stone River.
Montana's governor pushed for answers Monday as to why additional resources have not been devoted to clean up the Yellowstone River, days after hundreds of barrels of oil seeped into the rushing waters after a pipeline ruptured.
Montana's governor declared a state of emergency Tuesday related to a ruptured pipeline that caused tens of thousands of gallons of oil to gush into the Yellowstone River -- a break the pipeline's owner still doesn't know the cause of, a spokesman said.
High water and a swift current has helped break up an oil spill that dumped hundreds of barrels of crude into Montana's Yellowstone River over the weekend, local officials said Sunday.
An ExxonMobil pipeline leaked an undetermined amount of crude oil into the Yellowstone River near Billings, Montana, prompting a burgeoning cleanup effort, officials said Saturday.
Big energy company executives and government researchers are firing back at a recent New York Times story suggesting the recent boom in natural gas production from shale rock is unsustainable and perhaps fraudulent.
ExxonMobil announced on Wednesday that it struck oil in the Gulf of Mexico, a discovery that could yield 700 million barrels.
Exxon Mobil wants to tell you something: It pays taxes. A lot of them.
In an attempt to deflect rising anger among American drivers and political leaders, Exxon Mobil said Thursday that it makes relatively little money on gasoline, even as it reported a nearly $11 billion quarterly profit.
U.S. stock futures slumped after the government released disappointing data on gross domestic product and jobless claims before Thursday's opening bell.
Environmental Defense Fund President Fred Krupp came out swinging at this year's FORTUNE Brainstorm Green conference, forcefully calling out Exxon, Big Oil, the coal industry and lawmakers on Capitol Hill for their efforts to weaken the Environmental Protection Agency's power.
The worst storm in the history of modern yacht racing was the monster gale that struck the Fastnet race in the summer of 1979. The Fastnet (named after its turnaround point, Ireland's southernmost spot) is one of racing's most prestigious events, and it had attracted more than 300 competitors, including several of the world's most famous and successful boats. Conditions were fine at the starting gun, and while a storm was predicted, not even the best forecasters had imagined how ferocious it would be. At its worst, waves were 50 feet high and winds were 70 mph, devastating many of the boats and terrifying many skippers. Of the 306 yachts in the race, 69 didn't finish, including some of the most exalted competitors; 23 sank or were abandoned. The winner was the brashest of yachting's young disrupters, 40-year-old Ted Turner. His strategy? "We kept going at full speed during the height of the storm," he told an interviewer. But wasn't he afraid? After all, 15 people died. Yes, he said,
U.S. stocks posted solid gains Monday as investors focused on the positive earnings news out of Exxon Mobil and rising commodity prices, while continuing to monitor the ongoing political unrest in Egypt.
Exxon Mobil posted quarterly earnings Monday that topped Wall Street expectations, thanks to rising oil prices and a jump in production.
ExxonMobil has agreed to accelerate its cleanup of a huge underground oil spill in Brooklyn, New York under a settlement reached with New York Attorney General Andrew Cuomo.
Exxon Mobil posted a 55% gain in third-quarter profit Thursday, saying it found more oil and sold it more profitably.
Residents want to know what's taking so long to clean up oil trapped beneath parts of Brooklyn. Allan Chernoff reports.
Beneath the Brooklyn neighborhood of Greenpoint, New York, is a giant oil spill that BP, ExxonMobil and Chevron are slowly cleaning up.
Personally, I have no idea whether the economy is headed for a double-dip downturn, as some now predict. And frankly, no one else does either.
CNNMoney: Stocks edge lowerupdated: Thu Jul 29 2010 18:57:00
Stocks slid Thursday, although they finished off their session lows, as investors weighed cautious comments from a regional Federal Reserve president about the health of the economy and a mix of quarterly profit reports.
Better watch your back Exxon Mobil.
Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts' expectations on higher crude prices.
BP is the largest oil producer in the United States, pumping almost as much crude as Exxon Mobil, Chevron and ConocoPhillips combined.
Two decades ago, Roy Dalthorp helped clean up the rocky shores of Prince William Sound after the tanker Exxon Valdez ran aground, producing what was then the largest oil spill in U.S. history.
CNN's Drew Griffin interviews Exxon Valdez clean-up worker Roy Dalthrop, who says his health has suffered ever since.
BP's stock price has fallen far enough for the oil company to become an attractive takeover target for its biggest rivals, according to industry analysts.
The attorney who fought Exxon is still at it, decades after the Valdez spill. CNN's Chris Welch reports.
A hearing to discuss the future of national energy policy in the wake of the Gulf oil disaster got pretty ugly Tuesday.
Up until the catastrophic Gulf oil spill in April, BP had done a pretty good job of presenting itself as the eco-friendliest big oil company around.
For third-generation fisherman John Platt, the 1989 Exxon Valdez oil spill is a financial and psychological nightmare that won't end.
CNN's Dan Simon visits Cordova, Alaska, where the impact of the Exxon Valdez spill is still being felt.
Exxon Mobil Corp. said Thursday that earnings in the first quarter rose 38% from a year earlier as oil prices rebounded. But profits fell short of Wall Street's expectations due partly to higher health care costs.
Exxon Mobil outlined plans Thursday that rely heavily on oil from tough to reach places, extracting it from the depths of the ocean, the frozen Arctic and the tar sands in Canada's frozen tundra.
Stocks surged Monday, starting off a new month with gains, as investors welcomed better-than-expected reports on personal income, manufacturing and Exxon Mobil's profit.
Exxon Mobil reported a 23% drop in quarterly profit Monday as economic conditions remain challenging, but the energy giant's earnings beat Wall Street's expectations.
Exxon Mobil may be getting more than it bargained for with its recent plan to purchase natural gas giant XTO Energy.
ExxonMobil is teaming up with the biotech research company run by genomics pioneer Craig Venter to produce algae-based biofuels.
Exxon Mobil said Monday it will buy natural gas producer XTO Energy Inc. for $41 billion in a stock and debt transaction.
Exxon Mobil reported a 68% decline in third-quarter earnings Thursday as oil and natural gas prices tumbled from last year's highs.
The top job of managers at every company is the same: allocating capital. Should money be spent on internal growth or acquisitions? Should capital be returned to shareholders via dividends or share repurchases?
Three years ago many would have dismissed the notion that a significant supply of the world's automotive fuel could come from algae. But today the idea, while still an adventurous one, is getting much harder to ignore.
Oil giant Exxon Mobil Corp. has pleaded guilty and will pay $600,000 in fines for the deaths of 85 protected migratory birds in the company's wastewater ponds in five states.
Exxon Mobil reported a 66% decline in second-quarter earnings Thursday as demand for energy remained weak and prices for oil and gas tumbled from last year's highs.
Despite Exxon Mobil Corp.'s well-publicized stance in support of fossil fuels, the oil giant said on Tuesday that it is sponsoring a program to bring a zero-emission electric vehicle to Baltimore.
Exxon Mobil Corp. said it will unveil an electric car Tuesday through a test-drive and car-sharing program in Baltimore.
Exxon Mobil reported a big drop in first-quarter earnings and revenue Thursday due to lower commodity prices and the weak global economy.
Exxon Mobil shoved aside Wal-Mart Stores to retake the top place on the Fortune 500, proving that Big Oil was king of the economy last year.
Exxon Mobil detailed Thursday just how it plans on keeping the world supplied with oil - and how it'll keep making money doing it.
Exxon Mobil reported the largest annual profit in U.S. history Friday, making $45.22 billion on the back of record oil prices.
Exxon Mobil is sitting on a massive pile of money.
Federal officials have fined Exxon Mobil more than $6 million after it violated a three-year-old agreement to decrease air pollution at four of its refineries.
It would be tempting to say they told us so.
Oil prices staged a late-session rally Friday as credit markets loosened, but the gain only slightly tempered a month in which crude fell by the largest monthly percentage since the Nymex contracts began trading.
Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.
Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter
Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation
Stock futures fell on Thursday, after oil giant Exxon Mobil reported record profits and the GDP doubled, but still fell short of expectations, and jobless claims surged.
The Supreme Court on Wednesday reduced a $2.5 billion punitive damages award against energy giant Exxon for its role in an infamous 1989 maritime oil spill off the coast of Alaska.
The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million
Oil giant Exxon Mobil Corp. plans to sell its company-owned gas stations, saying they aren't profitable enough even with gasoline selling at $4 per gallon.
Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices
It's hard to imagine why ExxonMobil shareholders are so unhappy. After all, the world's largest publicly-owned energy company rode the surge in oil prices to a record $40 billion in earnings last year, making it by far the most profitable Fortune 500 company. Shares are up 10% in the last year, while the S&P500 has fallen by just as much.
The debate over who is to blame for high gas prices continued on Capitol Hill Thursday as executives from the nation's largest oil companies returned to face more questions from House lawmakers.
Record oil prices netted Exxon Mobil a $10.89 billion profit in the first three months of the year, sharply higher than a year earlier but short of Wall Street estimates and below what was needed to set a new all-time profit record.
Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its net income grow 17 percent in the first quarter, but the results came in below Wall Street forecasts
Stocks futures edged slightly lower early Thursday as investors weighed mixed economic news and lower-than-expected earnings from ExxonMobil.
Top executives of the country's five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it's not their fault
Lawmakers grilled executives from the world's five largest publicly traded oil companies Tuesday, criticizing them for taking tax subsidies and not investing in renewable resources amid record prices for oil and gasoline.
Motorists may fume when forking over $3 a gallon at the local service station, but as it turns out, your local filling spot makes chump change from a gallon of gas.
Victims of the Exxon Valdez disaster speak out ahead of Supreme Court arguments on their damages lawsuit.
Nearly 20 years after one of the most infamous environmental disasters scarred Alaska's Prince William Sound, the Supreme Court stepped nearer Wednesday to perhaps providing a measure of closure for the seemingly endless litigation over the Exxon Valdez oil spill.
Exxon Mobil, the world's largest publicly traded oil company, said Friday that it replaced more than 100% of its production in 2007.
Venezuelan President Hugo Chavez threatened Sunday to cut off his country's oil shipments to the United States if a court ruling goes forward ordering Venezuelan assets be frozen in a case brought by Exxon Mobil.
Exxon Mobil has obtained a court order freezing up to $12 billion of Venezuela's state-owned oil company's worldwide assets after the government of President Hugo Chavez forced the company out of two joint ventures last year, a company spokeswoman said Thursday.
Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices.
Exxon Mobil, the world's largest publicly traded oil company, is within striking distance of setting an all-time profit record - again.
Oil is selling for nearly $100 a barrel. Gasoline is near $3 a gallon. Oil companies are swimming in cash. But these record-high prices are both a boom and a burden for Big Oil.
Stocks remained sharply lower Thursday as a Citigroup downgrade reignited credit market concerns while disappointing Exxon Mobil added to investor fears.
Exxon Mobil made $9.4 billion in the last three months, 10 percent less than last year and below what analysts expected as gasoline and diesel prices failed to keep pace with rising crude costs.
Stocks extended their early losses Thursday with the Dow falling more than 250 points, as a downgrade of Citigroup and disappointing earning from Exxon Mobil troubled investors.
Stocks gave back all of its previous session gains Thursday as investors weighed record-high oil prices, a slew of economic reports and disappointing earnings news from oil giant Exxon Mobil.
The Supreme Court will decide whether a $2.5 billion punitive damages award against Exxon Corp. -- now Exxon Mobil -- for its role in the 1989 Exxon Valdez oil spill in Alaska was excessive.
Oil executives denied that drivers are overpaying for gasoline because the fuel expands in hot weather and provides less energy per gallon
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