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ExxonMobil CEO sues to block fracking project near his home

As ExxonMobil’s CEO, it’s Rex Tillerson’s job to promote the hydraulic fracturing enabling the recent oil and gas boom, and fight regulatory oversight. The oil company……

Researchers: Sonar mapping for oil near Madagascar killed 100 whales

A noisy technology that blasts sounds below water to map the ocean for oil is being blamed for 100 melon headed whale deaths off Madagascar, experts said Thursday. An independent panel of scientists found that sonar surveying by ExxonMobil in late May 2008 led to the sudden displacement of the…

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,…

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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