Complete coverage on

Exxon Mobil Corporation

Latest Stories

CNNMoney: Exxon reports $9.4 billion profitupdated: Tue Jan 31 2012 12:42:00

Exxon reported a 2% rise in fourth-quarter earnings Tuesday as higher oil prices offset declining production volumes.

CNNMoney: Apple tops Exxon as most valuable companyupdated: Wed Jan 25 2012 16:25:00

Apple nudged out oil giant ExxonMobil on Wednesday to become the most valuable publicly-traded company in the world.

Chavez says he won't respect World Bank panel's decisionupdated: Mon Jan 09 2012 09:21:00

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.

Venezuela y Exxon Mobileupdated: Mon Jan 09 2012 09:21:00

El presidente de Venezuela reacciona ante el fallo que establece que PDVSA debe pagar 908 millones de dólares a Exxon.

Venezuela says it will pay ExxonMobil $255 million over nationalizationupdated: Mon Jan 02 2012 15:37:00

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.

CNNMoney: Exxon silent on controversial Iraq oil dealupdated: Tue Dec 06 2011 13:30:00

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.

CNNMoney: Bank stocks surge on Europe dealupdated: Thu Oct 27 2011 13:36:00

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.

CNNMoney: Exxon Mobil profit soars 41%updated: Thu Oct 27 2011 11:45:00

Exxon Mobil reported quarterly earnings of $10.3 billion on Thursday, a surge of 41% from a year earlier.

Exxon-Rosneft exploration dealupdated: Tue Aug 30 2011 20:25:00

CNN's Max Foster and Jim Boulden take a look at the $3.2 billion Exxon-Rosneft deal to develop oil in the Arctic.

CNNMoney: Exxon in Arctic deal with Russian oil giantupdated: Tue Aug 30 2011 16:40:00

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.

CNNMoney: Gas prices drive Exxon Mobil profit up 41%updated: Thu Jul 28 2011 14:31:00

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.

CNNMoney: StockTwits cries out over earnings missesupdated: Thu Jul 28 2011 14:26:00

This earnings season, the market has been unforgiving to any company that fell short of expectations.

Exxon Mobil to face lawsuit over alleged human rights violationsupdated: Fri Jul 08 2011 16:51:00

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.

Montana farmers fret at oil spill's impactupdated: Fri Jul 08 2011 10:19:00

Surveying his land that lies in the shadow of the Rocky Mountains, farmer Mike Scott states the obvious.

Oil spill impacts Montana farmlandupdated: Fri Jul 08 2011 10:19:00

The Yellowstone River oil spill invades one farmer's land. CNN's Patrick Oppmann reports.

Feds order ExxonMobil to improve safety at ruptured Montana pipelineupdated: Thu Jul 07 2011 05:44:00

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.

Crude oil leaks into Yellowstone Riverupdated: Wed Jul 06 2011 17:10:00

A rapid response team is trying to clean up crude oil spilled by a broken pipeline into the Yellow Stone River.

Montana governor presses for answers on resources for oil clean-upupdated: Wed Jul 06 2011 17:10:00

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 issues emergency order for spill, holds Exxon responsibleupdated: Tue Jul 05 2011 22:32:00

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.

Swift water hinders Yellowstone River oil spill cleanupupdated: Sun Jul 03 2011 18:11:00

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.

Crude oil leaks into Montana riverupdated: Sun Jul 03 2011 13:10:00

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.

CNNMoney: Talk of natural gas bubble draws industry ireupdated: Wed Jun 29 2011 05:34:00

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.

CNNMoney: ExxonMobil strikes oil in Gulf of Mexicoupdated: Wed Jun 08 2011 13:24:00

ExxonMobil announced on Wednesday that it struck oil in the Gulf of Mexico, a discovery that could yield 700 million barrels.

CNNMoney: Parsing Exxon's tax billupdated: Wed May 04 2011 18:48:00

Exxon Mobil wants to tell you something: It pays taxes. A lot of them.

CNNMoney: Exxon hits back at gas price angerupdated: Thu Apr 28 2011 14:37:00

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.

CNNMoney: Stocks head for weak openupdated: Thu Apr 28 2011 08:46:00

U.S. stock futures slumped after the government released disappointing data on gross domestic product and jobless claims before Thursday's opening bell.

CNNMoney: 'Brazen assault on the EPA'updated: Tue Apr 05 2011 13:01:00

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.

Fortune: The World's Most Admired Companiesupdated: Thu Mar 03 2011 08:03:00

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,

CNNMoney: Stocks post gains despite Egypt unrestupdated: Mon Jan 31 2011 16:29:00

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.

CNNMoney: Exxon Mobil posts 53% jump in profitupdated: Mon Jan 31 2011 14:17:00

Exxon Mobil posted quarterly earnings Monday that topped Wall Street expectations, thanks to rising oil prices and a jump in production.

ExxonMobil to speed oil spill cleanupupdated: Thu Nov 18 2010 14:21:00

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.

CNNMoney: Exxon Mobil profit surges 55%updated: Thu Oct 28 2010 12:12:00

Exxon Mobil posted a 55% gain in third-quarter profit Thursday, saying it found more oil and sold it more profitably.

Oil spill trapped beneath Brooklynupdated: Thu Oct 21 2010 07:26:00

Residents want to know what's taking so long to clean up oil trapped beneath parts of Brooklyn. Allan Chernoff reports.

Big oil's big cleanup in Brooklynupdated: Thu Oct 21 2010 07:26:00

Beneath the Brooklyn neighborhood of Greenpoint, New York, is a giant oil spill that BP, ExxonMobil and Chevron are slowly cleaning up.

Money Magazine: Stocks that can take a double dipupdated: Wed Aug 18 2010 04:08:00

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.

CNNMoney: Apple may soon be worth more than Exxonupdated: Thu Jul 29 2010 12:54:00

Better watch your back Exxon Mobil.

CNNMoney: Exxon Mobil profit nearly doublesupdated: Thu Jul 29 2010 12:29:00

Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts' expectations on higher crude prices.

CNNMoney: How we got stuck with BPupdated: Mon Jul 12 2010 07:30:00

BP is the largest oil producer in the United States, pumping almost as much crude as Exxon Mobil, Chevron and ConocoPhillips combined.

Critics call Valdez cleanup a warning for Gulf workersupdated: Wed Jul 07 2010 22:03:00

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.

Are oil clean-up workers at risk?updated: Wed Jul 07 2010 22:03:00

CNN's Drew Griffin interviews Exxon Valdez clean-up worker Roy Dalthrop, who says his health has suffered ever since.

CNNMoney: BP could be ripe for takeoverupdated: Thu Jul 01 2010 12:20:00

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.

Lawyer in Exxon case still fightingupdated: Fri Jun 18 2010 16:02:00

The attorney who fought Exxon is still at it, decades after the Valdez spill. CNN's Chris Welch reports.

CNNMoney: Lawmaker tells BP chief to 'commit hara-kiri'updated: Tue Jun 15 2010 16:05:00

A hearing to discuss the future of national energy policy in the wake of the Gulf oil disaster got pretty ugly Tuesday.

Fortune: Three lessons for BP from the Exxon Valdez spillupdated: Thu Jun 03 2010 14:00:00

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.

Alaska fishermen still struggling 21 years after Exxon spillupdated: Fri May 07 2010 13:11:00

For third-generation fisherman John Platt, the 1989 Exxon Valdez oil spill is a financial and psychological nightmare that won't end.

Alaskans still struggle after 1989 spillupdated: Fri May 07 2010 13:11:00

CNN's Dan Simon visits Cordova, Alaska, where the impact of the Exxon Valdez spill is still being felt.

CNNMoney: Exxon profits up 38%, but miss estimatesupdated: Thu Apr 29 2010 12:15:00

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.

CNNMoney: Exxon's growing reliance on expensive oilupdated: Fri Mar 12 2010 09:05:00

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.

CNNMoney: Stocks bounce after batteringupdated: Mon Feb 01 2010 15:15:00

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.

CNNMoney: Exxon profit slides 23%updated: Mon Feb 01 2010 13:48:00

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.

CNNMoney: Exxon's drilling juggernautupdated: Wed Dec 23 2009 12:51:00

Exxon Mobil may be getting more than it bargained for with its recent plan to purchase natural gas giant XTO Energy.

Exxon, DNA pioneer join on algae biofuelsupdated: Tue Dec 15 2009 02:30:00

ExxonMobil is teaming up with the biotech research company run by genomics pioneer Craig Venter to produce algae-based biofuels.

CNNMoney: Exxon to buy XTO in $41 billion dealupdated: Mon Dec 14 2009 13:37:00

Exxon Mobil said Monday it will buy natural gas producer XTO Energy Inc. for $41 billion in a stock and debt transaction.

CNNMoney: Exxon Mobil earnings plunge 68%updated: Thu Oct 29 2009 12:59:00

Exxon Mobil reported a 68% decline in third-quarter earnings Thursday as oil and natural gas prices tumbled from last year's highs.

Money Magazine: Using buybacks to help pick stocksupdated: Wed Oct 21 2009 05:20:00

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?

'Green goo' biofuel gets a boostupdated: Sun Aug 23 2009 22:28:00

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.

Exxon Mobil to pay $600,000 for deaths of 85 protected birdsupdated: Thu Aug 13 2009 15:48:00

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.

CNNMoney: Exxon Mobil profits plunge 66%updated: Thu Jul 30 2009 12:56:00

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.

CNNMoney: Exxon's electric car trip to Baltimoreupdated: Tue Jun 23 2009 14:56:00

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.

CNNMoney: Exxon unveils electric car in Baltimoreupdated: Tue Jun 23 2009 09:21:00

Exxon Mobil Corp. said it will unveil an electric car Tuesday through a test-drive and car-sharing program in Baltimore.

CNNMoney: Exxon profit falls on economy, lower pricesupdated: Thu Apr 30 2009 12:17:00

Exxon Mobil reported a big drop in first-quarter earnings and revenue Thursday due to lower commodity prices and the weak global economy.

CNNMoney: Exxon Mobil tops Fortune 500updated: Tue Apr 21 2009 12:55:00

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.

CNNMoney: Exxon: Still banking on oilupdated: Thu Mar 05 2009 14:42:00

Exxon Mobil detailed Thursday just how it plans on keeping the world supplied with oil - and how it'll keep making money doing it.

CNNMoney: Exxon 2008 profit: A record $45 billionupdated: Fri Jan 30 2009 11:44:00

Exxon Mobil reported the largest annual profit in U.S. history Friday, making $45.22 billion on the back of record oil prices.

CNNMoney: Exxon: Waiting for the tiger to pounceupdated: Mon Jan 05 2009 11:45:00

Exxon Mobil is sitting on a massive pile of money.

Exxon Mobil to pay $6.1 million fine over air pollutionupdated: Thu Dec 18 2008 01:52:00

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.

CNNMoney: Big Oil: We told you soupdated: Tue Nov 18 2008 07:23:00

It would be tempting to say they told us so.

CNNMoney: Oil rallies, but still posts record monthly lossupdated: Fri Oct 31 2008 16:54:00

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.

CNNMoney: Exxon Mobil: Biggest profit in historyupdated: Thu Oct 30 2008 15:28:00

Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.

Time.com: Exxon Mobil Posts Biggest US Quarterly Profit Everupdated: Thu Oct 30 2008 12:00:00

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

CNNMoney: Exxon posts record $11.68 billion profitupdated: Thu Jul 31 2008 12:55:00

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.

Time.com: Exxon Breaks Own Profit Recordupdated: Thu Jul 31 2008 10:00:00

Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation

CNNMoney: Futures fall after Exxon, GDP miss forecastsupdated: Thu Jul 31 2008 09:09:00

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.

CNNMoney: High court reduces Exxon oil spill damagesupdated: Wed Jun 25 2008 15:29:00

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.

Time.com: Court Slashes Judgment in Exxon Valdez Caseupdated: Wed Jun 25 2008 13:00:00

The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million

ExxonMobil to sell 2,220 gas stationsupdated: Fri Jun 13 2008 08:44:00

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.

Time.com: Exxon Leaving Retail Gas Businessupdated: Thu Jun 12 2008 18:00:00

Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices

Fortune: ExxonMobil braces for Rockefeller showdownupdated: Wed May 28 2008 16:02:00

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.

CNNMoney: Oil executives face House lawmakersupdated: Thu May 22 2008 18:13:00

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.

CNNMoney: Exxon profit soars, but misses forecastsupdated: Thu May 01 2008 15:31:00

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.

Time.com: Exxon Profit hits $10.9 Billion, Below Expectationsupdated: Thu May 01 2008 11:00:00

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

CNNMoney: Stocks set for flat openupdated: Thu May 01 2008 09:12:00

Stocks futures edged slightly lower early Thursday as investors weighed mixed economic news and lower-than-expected earnings from ExxonMobil.

Time.com: Oil Chiefs: 'Prices Not Our Fault'updated: Wed Apr 02 2008 13:00:00

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

CNNMoney: Congress, critical of tax breaks, lays into oil execsupdated: Tue Apr 01 2008 15:19:00

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.

CNNMoney: Who gets rich off $3 gas - who doesn'tupdated: Wed Mar 19 2008 10:25:00

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.

Valdez victims head to courtupdated: Wed Feb 27 2008 16:46:00

Victims of the Exxon Valdez disaster speak out ahead of Supreme Court arguments on their damages lawsuit.

Exxon vs. Alaskans as high court takes on oil spill caseupdated: Wed Feb 27 2008 16:46:00

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.

CNNMoney: Exxon's reserves top last year's productionupdated: Fri Feb 15 2008 15:05:00

Exxon Mobil, the world's largest publicly traded oil company, said Friday that it replaced more than 100% of its production in 2007.

Chavez threatens to cut off U.S. oil shipmentsupdated: Sun Feb 10 2008 21:12:00

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 case leads to freeze of $12 billion in Venezuelan assetsupdated: Thu Feb 07 2008 23:30:00

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.

CNNMoney: Exxon shatters profit recordsupdated: Fri Feb 01 2008 14:26:00

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.

CNNMoney: Exxon guns for all-time profit recordupdated: Thu Jan 31 2008 15:52:00

Exxon Mobil, the world's largest publicly traded oil company, is within striking distance of setting an all-time profit record - again.

CNNMoney: How much Exxon pays for oilupdated: Tue Nov 06 2007 13:36:00

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.

CNNMoney: Stocks submarined by Citi, Exxonupdated: Thu Nov 01 2007 14:18:00

Stocks remained sharply lower Thursday as a Citigroup downgrade reignited credit market concerns while disappointing Exxon Mobil added to investor fears.

CNNMoney: Exxon Mobil: $9.4B profit in 3 monthsupdated: Thu Nov 01 2007 12:54:00

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.

CNNMoney: Dow tumbles on Citi, Exxon newsupdated: Thu Nov 01 2007 10:55:00

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.

CNNMoney: Dow tumbles 200 points at the startupdated: Thu Nov 01 2007 09:56:00

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.

CNNMoney: Supreme Court to review Exxon Valdez awardupdated: Mon Oct 29 2007 14:04:00

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.

Time.com: Oil Execs Deny Gas Overcharging updated: Thu Jul 26 2007 05:35:00

Oil executives denied that drivers are overpaying for gasoline because the fuel expands in hot weather and provides less energy per gallon

We recommend