Exxon Mobil Corporation (NYSE:XOM) Embarks On A $100 Billion Project To Capture Carbon Emissions

Exxon Mobil Corporation (NYSE:XOM) continues facing significant pressure from investors who want the company to move with speed to address the climate change threat. On Monday, the company spoke out, outlining that it was channeling $100 billion in a project that would capture carbon emissions from some major industrial plants. The company will initially focus […]

Exxon Mobil Corporation (NYSE:XOM) Experiences A Significant Decline In Oil Reserves

In 1999, Exxon Mobil Corporation (NYSE:XOM) struck a merger with Mobil, and it foresaw the move as a game-changer in its business. Fast-forward to 2020, the narrative changed. The business reported a significant drop in its oil reserves, terming it the lowest notch since it merged with Mobil. Explaining the decline Exxon believes that the […]

Google Inc (NASDAQ:GOOGL) Doubled Lobbying Spending In Europe For 2014 But Was Unsuccessful To Influence Antitrust Case

The European Union is working on an investigation into the way major American technological firms operate overseas, as per reports. Separate from the ongoing anti-trust investigation that has firms such as Google Inc (NASDAQ:GOOGL) under the scanner, the plan is a wide-ranging assessment that will include everything from US internet behemoths, telecoms firms and streaming […]

Exxon Mobil Corporation (NYSE:XOM) and ConocoPhillips (NYSE:COP) Face the Brunt of Oil Slump

The slump in prices of oil and natural gas since last year has driven the American production operations of Exxon Mobil Corporation (NYSE:XOM) and ConocoPhillips (NYSE:COP) in to loss in 1Q2015. Exxon reported a drop of 46% in its earnings which included a loss of $52 million loss from its oil and gas production in […]

Exxon Mobil Corporation (NYSE:XOM) Agrees To Pay $5.07 Million To Settle Arkansas Oil Spill Suite

In a bid to settle the 2013 Arkansas Oil Spill issue, Exxon Mobil Corporation (NYSE:XOM) has given a nod to pay $5.07 million. According to the U.S. Department of Justice and Environmental Protection Agency, Exxon Mobil has violated certain state environmental laws and the central, clean water act in regard to the Arkansas oil spill. […]

Exxon Mobil Corporation (NYSE:XOM) To Farm into Mozambique Assets of Anadarko

Exxon Mobil Corporation (NYSE:XOM) is one of the leading players in Oil market. As per the reports published in Reuters, Exxon seems to start farming into the assets of Anadarko Petroleum Corp. Amongst many other locations, Anadarko has assets in Mozambique’s gas reserves. If everything goes fine, then Exxon will initiate farming activities at this […]

Exxon Mobil Corporation (NYSE:XOM) and The Dow Chemical Company (NYSE:DOW) Sign Agreement For Making Univation Technologies DOW’s Subsidiary

Boston, MA 10/06/2014 (wallstreetpr) – According to reports, Exxon Mobil Corporation (NYSE:XOM) and The Dow Chemical Company (NYSE:DOW) have signed an agreement deal.  According to it, Univation Technologies will be put under DOW’s control as one of its subsidiaries. Currently, Univaition Technologies is a 50:50 venture of both the companies. To execute the deal successfully, both […]

Exxon Mobil Corporation (NYSE:XOM) Discovers New Hydrocarbon Field in The Kara Sea

Boston, MA 09/29/2014 (wallstreetpr) – According to reports, one of the largest oil companies of the world Exxon Mobil Corporation (NYSE:XOM) and its partner OAO Rosneft have discovered a new hydrocarbon field in the Kara Sea. OAO Rosneft is a well-known Russian State Oil company. Insights of the matter: Recently OAO Rosneft announced in a statement […]

Exxon Mobil Corporation (NYSE:XOM) To Increase Production of Hydrocarbon Fluids by 10% By Expanding Projects In Singapore And Antwerp Units

Boston, MA 09/25/2014 (wallstreetpr) – Oil and exploration company, Exxon Mobil Corporation (NYSE:XOM) disclosed that it was intending to lift the production of its high performance hydrocarbon fluids by approximately 10% by expanding its units in Singapore and Antwerp. Production Next Year Exxon Mobil Corporation (NYSE:XOM) indicated that the additional capacity would commence production during the middle […]

Exxon Mobil Corporation (NYSE:XOM) Set to be Affected by U.S Sanctions on Russia

Boston, MA 09/15/2014 (wallstreetpr) – Exxon Mobil Corporation (NYSE:XOM) is starting to feel the impact of standoff between Russia and Ukraine. The New York Times reports that the company’s plans appear to have been dashed, with the recent round of sanctions imposed on Russia by the European Union and the U.S. Sanctions on Russia The […]

Putin’s Deal With Exxon Mobil Corporation (NYSE:XOM) Can Be Put Under Scrutiny and Face Threat From Sanctions

Boston, MA 09/11/2014 (wallstreetpr) – Oil and natural gas are two of the major problems for the U.S. and European countries, and they are trying hard to get rid of it as soon as possible. According to reports, U.S. and European unions are all set to cut down the billions of dollars that were to […]

Exxon Mobil Corporation (NYSE:XOM) To Pay $1.4 Million Worth of Civil Penalty

Boston, MA 08/27/2014 (wallstreetpr) – According to a statement of Department of Justice and Environmental Protection, the pipeline company of Exxon Mobil Corporation (NYSE:XOM) has agreed to pay the penalty levied on it. XOM was charged with $1.4 million for violating the clean water act. The alleged violation is connected with the North Line pipeline […]

Vietnam Oil & Gas Group and Exxon Mobil Corporation (NYSE:XOM) May Sign an Agreement: Reports

Boston, MA 08/25/2014 (wallstreetpr) – According to reports, Vietnam Oil and Gas Group may look forward to entering into an agreement deal with Exxon Mobil Corporation (NYSE:XOM) by 2015. One of the spokespersons of Vietnam Oil and Gas Group cleared that the agreement would worth of $10 billion in regard with power and gas project. If […]

Exxon Mobil Corporation (NYSE:XOM) Finds A Reason To Cheer About

Boston, MA 08/20/2014 (wallstreetpr) – Exxon Mobil Corporation (NYSE:XOM) won the first part of the lawsuit that was revolving around the FXX network logo. The judge gave the verdict in favor of Exxon stating that Fox’s trademark registration of standard trademark is not sufficient to X out a dilution claim. It allowed Exxon’s claim that […]

Exxon Mobil Corporation (NYSE:XOM): 2014 Significant Developments and Financial Results Update

Boston, MA 08/12/2014 (wallstreetpr) – Arguably America’s most-powerful company in the world’s map with operations and assets widely spread, Exxon Mobil Corporation (NYSE:XOM), continues to enjoy a mix of fortune in the industry at the back of the ongoing standoff in Russia where it has a huge partnership with Rosneft. Drilling continues to form the […]