Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Continue reading "Advantage: Crude"
Monday, May 4, 2009
Exxon Mobil Corporation announced that it has recently posted a dip in profits by 58% to $4.55 billion in Q1 2009 against $10.89 billion in 2008 following a $100 fall in global oil prices. For full story, click here
Continue reading "Exxon Mobil loses stock sheen on crude shocks"
Monday, April 13, 2009
As per the oil giant’s latest filing with the Securities and Exchange Commission, Rex W. Tillerson, chairman and CEO of Exxon Mobil, received $22.4 million in compensation in 2008. For full story, click here
Continue reading "Exxon Mobil CEO’s salary raised to $22.4M"
Friday, February 20, 2009
The jump was all too clear. A surprise drop in U.S. oil inventories caused crude prices to jump 14 per cent on Thursday, in New York, powering a broad commodities rally that pushed copper and corn higher. The only noticeable drop was in gold, which closed lower for the first time in three days.
Continue reading "Demand Set To Recover Soon?"
Monday, February 9, 2009
The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.
Continue reading "Oil Price Drops on Job Losses"
Wednesday, December 3, 2008
The chief executive officer of U.S. oil major Exxon Mobil Corp was awarded a $4 million bonus in 2008 and will receive a 10 percent increase in his annual salary in 2009, according to a regulatory filing. For full story, click here
Continue reading "Exxon’s Tillerson gets $4 million bonus in 2008, pay hike"
Thursday, November 20, 2008
Exxon Mobil Corp and Turkey’s state-run oil company, TPAO, signed a deal Wednesday for the joint exploration and development of oil and natural gas off its Black Sea coast. For full story, click here
Continue reading "Exxon Mobil signed a deal with Turkey’s TPAO"
Friday, November 14, 2008
Petroleos Mexicanos is likely to award the company’s first external oil production and exploration contract by the end of 2009, as it targets producers such as Exxon Mobil Corp, Shell Plc and Chevron Corp. For full story, click here
Continue reading "Pemex likely to Award 1st Oil Exploration Contract by next year"
Monday, September 15, 2008
Though ConocoPhillips (NYSE:COP) and Placid Refining Company are both receiving hundreds of thousands of barrels of crude from America’s federal reserves to continue refinery operations, and two rigs in the Gulf have been knocked adrift, the overall impact of Ike appears fairly benevolent to energy companies.
Continue reading "Benchmark: Focus on Ike and Nigeria"
Monday, August 25, 2008
Exxon Mobil and StatoilHydro of Norway are stepping up exloration efforts in Ireland as it gets harder to access new fields elsewhere. Andrew Harwood, an energy analyst at Wood Mackenzie, said: The majors are looking for new places to explore and the favorable tax rate in Ireland. For full news, click here
Continue reading "Exxon, Statoil stepping up efforts in Ireland"
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Thursday, October 8, 2009