Exxon Mobil | featured news

Cleanup along the oil-fouled Yellowstone River could be tested as rising waters make it harder for Exxon to get to areas damaged by the crude spilled from a company pipeline.

A Baltimore County jury has ordered Exxon Mobil to pay more than $1.5 billion in damages involving an underground gasoline leak at a rural Maryland gasoline station.

Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.

Exxon Mobil and Royal Dutch Shell Plc reported big jumps in first quarter earnings and beat forecasts, thanks to high oil prices and healthy refining margins.

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.

Exxon Mobil 3Q income increases 55 percent to $7.35 billion on higher oil prices

Apple has just surpassed Microsoft in market capitalization and is now second only to Exxon Mobil among U.S. companies.

Rising oil prices and better-than-expected earnings from Exxon Mobil boosted energy companies.

Exxon Mobil Corp. on Monday said last year's profit of $19.3 billion was its smallest since 2002 as higher oil prices squeezed profit margins in its refining business....

Exxon’s purchase of XTO, which has expertise in the growing area of shale gas, is one of the biggest energy deals in years.