Exxon PNG gas project clears final hurdles

2010-03-12T17:15:32Z

<div><p>US-based energy giant Exxon Mobil said Saturday it had finalised financing and sales agreements for its 15 billion US dollar gas project in Papua New Guinea and was ready to begin construction.</p><p>"Sales and purchase agreements with buyers and financing arrangements wi...

Exxon boosts 2010 capital spending to $28 billion

2010-03-11T12:00:17Z

<div><p>NEW YORK (Reuters) - Exxon Mobil Corp <XOM.N> will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.</p><p>Exxon, with huge liqu...

Exxon Mobil forecasts $28B spending in 2010

2010-03-11T11:00:32Z

<div id="subtitle">Exxon Mobil expects to spend $28B in 2010 as rivals pull back amid soft demand</div><div><p>Exxon Mobil said Thursday it will boost spending this year on new and existing projects even as some rivals pull back because of weak global demand for energy.</p><p>Chairman and CEO Rex W. Tillerson told analysts dur...

Exxon Mobil's Qatar natural gas project under way

2010-02-23T12:30:18Z

<div id="subtitle">Exxon Mobil, Qatar Petroleum start operations at natural gas project</div><div><p>Exxon Mobil Corp. said Tuesday that operations have begun at a natural gas facility it is developing with Qatar Petroleum.</p><p>The second phase of the Al Khaleej Gas project in the Persian ...

Winter Weather DC

2010-02-10T09:00:49Z

In near white-out conditions, John Johnson tries to clear snow from an Exxon parking lot on Pennsylvania Avenue in Washington, in the second major snowstorm in less than a week for the region Wednesday, Feb. 10, 2010. (AP Photo/Jacquelyn Martin)

Exxon quarterly profit tops Street, stock up 3 percent

2010-02-22T13:02:01Z

<div><p>HOUSTON (Reuters) - Exxon Mobil Corp &lt;XOM.N&gt; reported a fourth-quarter profit on Monday that topped Wall Street expectations as natural gas projects boosted results at the largest U.S. oil company's exploration arm.</...

Exxon Mobil posts lowest annual profit since '02

2010-02-22T13:00:01Z

<div id="subtitle">Higher oil prices slash Exxon Mobil refining profits, 2009 income the lowest in 7 years</div><div><p>Exxon Mobil Corp. said Monday its annual income of $19.3 billion was the smallest in seven years as higher oil prices squeezed profit margins in its refining business.</p><p>The results for the world's largest publicly...

Are stocks set for a down year?

2010-02-22T13:24:36Z

<div><p>NEW YORK (Reuters) - The adage "as January goes, so goes the year" bodes ill for equity investors after the S&amp;P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well.</p><p>...

Earns Exxon Mobil

2010-02-01T07:17:39Z

FILE - In this Jan. 30, 2009 file photo, an Exxon tanker truck operated by Corey Moorer, right, of Clinton, Md., makes a refueling stop at an Exxon station in Arlington, Va. Exxon Mobil said Monday, Feb. 1, 2010, its fourth-quarter earnings tumbled 23 percent as higher oil prices squeezed profit margins in its refi...

Are U.S. stocks set for a down year?

2010-02-22T13:24:34Z

<div><p>NEW YORK (Reuters) - The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&amp;P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.</p>&a...

Chevron Q4 profit down, sees 2010 output up 1 percent

2010-02-22T13:35:29Z

<div><p>NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp posted a drop in quarterly profit on Friday, and its new boss said the second-largest U.S. oil company had plenty of work to do on its own proje...

Deadly PNG clash not linked to LNG project: police

2010-02-22T14:58:50Z

<div><p>Papua New Guinea police have denied reports that killings in the remote Southern Highlands were related to tensions over lucrative profits from a gas pipeline planned by ExxonMobil.</p><p>Local media said Monday that 11 people were killed and 270 properties destroyed in a gunbattle and fires l...

Iraq completes deal with oil giants Exxon Mobil, Shell

2010-02-22T15:20:09Z

<div><p>Iraq's oil ministry on Monday completed a deal with US major Exxon Mobil and Anglo-Dutch giant Shell to develop production at West Qurna-1, the war-torn country's second biggest field.</p><p>"The oil ministry signed the contract for West Qurna-1 with Exxon Mobil and Shell," ministry spokesman

Iraq completes deal with Exxon Mobil, Shell

2010-02-22T15:21:38Z

<div><p>Iraq's oil ministry on Monday completed a major deal with US major Exxon Mobil and Anglo-Dutch giant Shell to develop production at West Qurna-1, the war-torn country's second biggest field.</p><p>"The oil ministry signed the contract for West Qurna-1 with Exx...

Alabama man sentenced to 5 years in fraud case

2010-02-22T16:34:52Z

<div id="subtitle">Alabama man who ran La. company sentenced to 5 years in securities fraud scheme</div><div><p>An Alabama man who ran a financial services company in Baton Rouge was sentenced Thursday to five years in prison for a securities fraud scheme in which more than 150 clients lost tens of millions of dollars after they retired.&...

ExxonMobil CEO And XTO Energy CEO Testify Before House On Merger

2010-01-20T10:33:32Z

WASHINGTON - JANUARY 20: ExxonMobil Corporation Chairman and CEO Rex Tillerson testifies during a hearing before the Energy and Environment Subcommittee of the House Energy and Commerce Committee J...

Nigeria talking to Shell, Chevron on licences: official

2010-02-22T18:06:26Z

<div><p>The Nigerian government is in talks with the United States oil firm Chevron and Anglo-Dutch oil giant Shell over the renewal of their shallow water oil licences, an official statement said on Tuesday.</p><p>"Chevron and Shell are still in negotiations with the F...

Power restored to tanker; vessel departs Alaska

2010-02-22T18:41:30Z

<div id="subtitle">Power restored to Exxon tanker; vessel on its way out of Alaska waters</div><div><p>An Exxon tanker that lost power Sunday while leaving Alaska's Prince William Sound is under way again.</p><p>Coast

Beaches trapping some oil from Exxon Valdez spill

2010-02-22T19:07:31Z

<div><p>WASHINGTON (Reuters) - A lack of oxygen and nutrients below the surface of beaches in Alaska's Prince William Sound is slowing the dissipation of oil remaining from the 1989 Exxon Valdez spill, U.S. researchers said on Sunda...

My favorite commodity to buy right now

2010-02-22T19:39:12Z

<div id="subtitle">Attractive way to purchase a great inflation hedge</div><div><p>In yesterday's DailyWealth, I outlined how rising interest rates will depress the stock market's P/E multiple, which will create a giant headwind for stock market investors. You can protect yourself from this headwind by avoiding high-priced growth stocks. A popular growth stock trading for a P/E of 40 can get cut in half in a matter of months in this kind o...

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