Exxon

Oil

Exxon, BP, Shell have a lot at stake as fighting rages in Iraq

Source: 
The Wall Street Journal

There is great potential for problems for major oil companies drilling in Iraq: Thus far Kurds have taken control of the Kirkuk oilfield where Exxon said earlier in the year it has two rigs operating, and pipelines carrying oil from the field appear to run through an area now under control of ISIS militants, The Wall Street Journal reports.

Oil

Shell, Exxon terminal disruptions cut Nigeria’s oil revenue

Source: 
Platts

Disruption at oil facilities – those operated by Exxon as well as Shell’s Forcados terminal – caused a 9 percent drop in Nigerian oil revenue in April, according to figures from the country’s finance ministry, Platts reports.

Oil

Kazakhstan sues majors after gas leaks delay Kashagan project

Source: 
Reuters

Kazakhstan is suing a consortium of major oil companies including Exxon and Royal Dutch Shell, for delays and pollution from gas leaks at the country's massive Kashagan oilfield, Reuters reports.

Oil

Exxon, Russia's Rosneft to start 1st joint Arctic well in 2014

Source: 
Bloomberg

The first Arctic well drilled jointly by Exxon and Rosneft is due to start this year, a sign that deepening cooperation between the two oil giants isn't being held back by continued bickering between the U.S. and Russian governments, according to Bloomberg.

Oil

Exxon: Rising living standards propel energy needs

NEW YORK (AP) — Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution.

Senate proposal: open Mexico oil to private firms

MEXICO CITY (AP) — A Mexican senate committee on Saturday proposed the most dramatic oil reform in decades that would open the country's beleaguered, state-run sector to private companies and investment.

Oil

Exxon 2Q profit is lowest since early 2010

NEW YORK (AP) — Exxon Mobil reported its lowest quarterly profit in more than three years, as the oil and gas giant again struggled to boost production and results from its refining operations weakened.

White House met with Exxon, Shell on fracking rules

Source: 
The Hill
A record of a Feb. 21 meeting revealed the White House Office of Management and Budget met with oil companies including Shell, Exxon and BP to discuss federal rules governing hydraulic fracturing, The Hill reports.
Oil

Exxon passes Apple as most valuable company

NEW YORK (AP) — Exxon has once again surpassed Apple as the world's most valuable company after the iPhone and iPad maker saw its stock price falter.

Oil

Liberal groups attack Exxon in campaign to end fossil fuel aid

Source: 
The Hill
Liberal groups Oil Change International and The Other 98% have released an ad attacking Exxon, saying the company "hate[s] your children." The groups are pushing for an end to taxpayer support of fossil fuel companies, The Hill reports.

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