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Arkansas opens probe into Exxon Mobil spill
CHICAGO — Arkansas opened an investigation into an ExxonMobil pipeline that unleashed thousands of barrels of crude and forced the evacuation of 22 homes, the state’s attorney general said Tuesday. The spill comes weeks before what is expected to be a raucous public hearing on the controversial Keystone XL pipeline,…
ExxonMobil still working to stop oil spill after tar sands pipeline ruptured
Emergency crews sent by US oil giant ExxonMobil worked Sunday to contain several thousand gallons of crude oil that spilled from a ruptured company pipeline in central Arkansas, the corporation said. The rupture occurred Friday afternoon in a section of the Pegasus pipeline near the town of Mayflower, which has…
Iraq demands U.S. energy giant ExxonMobil abide by constitution
Iraq’s premier Monday called on ExxonMobil to respect the country’s constitution in rare talks with the US firm’s chief, an apparent reference to a deal with the Kurdish region Baghdad says is illegal. Nuri al-Maliki also appeared to once again rule out production-sharing deals that Exxon has signed with Kurdistan,…
U.S. stocks in broad rally after upbeat data
NEW YORK — Some buoyant data on consumer confidence and the manufacturing sector gave Wall Street a solid bump higher Thursday after Wednesday’s flat reopening following the Hurricane Sandy shutdown. The data trumped another mixed bag of earnings and dull forecasts for the coming months from companies like ExxonMobil and…
Exxon tells Iraq oil deal with Kurdistan is ‘frozen’
US energy giant ExxonMobil has told the Iraqi oil ministry that it has “frozen” its controversial contract with the country’s autonomous Kurdish region, a government official told AFP on Saturday. The regional government denied that claim, saying officials hold regular meetings with company executives and that they had made no…
Apple edges out ExxonMobil to become most valuable U.S. company
Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value. Apple shares were up 6.83 percent at $449.12 in early trading on Wall Street, giving the maker of the iPhone, iPad, iPod and Macintosh computer a market capitalization of…
Venezuela rejects World Bank arbitration in dispute with ExxonMobil
CARACAS — Venezuela will not recognize any decisions by the World Bank’s arbitration forum, President Hugo Chavez said Sunday, digging his heels in over a multibillion-dollar dispute with ExxonMobil. “We have to get out of the ICSID,” Chavez said, referring to the International Center for Settlement of Investment Disputes. “We…
Venezuela welcomes ruling in ExxonMobil dispute
Venezuela said Monday an international arbitration panel had ordered it to pay $907 million to US oil giant ExxonMobil for nationalizing its assets, but that it would pay just $255 million after deducting certain charges. The award amount by the Paris-based International Chamber of Commerce panel was far below the…
ExxonMobil profit soars 55 percent in third quarter
NEW YORK — ExxonMobil said Thursday its profit soared 55 percent in the third quarter, driven in part by higher energy prices and rising oil production in Qatar. The US energy giant reported net earnings of $7.35 billion, a better- than-expected advance from the $4.73 billion posted in the 2009…
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