Sunday, May 27, 2012 5:13 PM EDT
The Exxon Mobil Corporation, or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. It has its headquarters in Irving, Texas.
ExxonMobil is one of the largest publicly traded companies in the world, having been ranked either #1 or #2 for the past 5 years. Exxon Mobil's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at then (2007) rates of production, are expected to last over 14 years. The company has 38 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels.
ExxonMobil is the largest of the six oil supermajors with daily production of 3.921 million BOE (barrels of oil equivalent).
When ranked by oil and gas reserves it is 14th in the world with less than 1% of the total.
By Reuters
Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for U.S. growth. (May 04)
MORE TOPICS: DOW JONES, NYSE, CHEVRON, CRUDE OIL, ELECTIONS, INVESTMENT
By Reuters
Wall Street was set for its worst week this year on Friday after a disappointing jobs report heightened concerns that the economic recovery is heading for a slowdown. (May 04)
By IBTimes
The Obama administration will reportedly restrict hydraulic fracturing, or fracking, by promulgating a set of rules governing such practices on federal land. (May 04)
By Reuters
Stocks fell more than 1 percent on Friday after a disappointing jobs report underlined concerns the economic recovery may be slowing. (May 04)
MORE TOPICS: UNEMPLOYMENT, DOW JONES, CHEVRON, CRUDE OIL, ELECTIONS, NEW YORK
By Reuters
BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan. (May 01)
MORE TOPICS: CITIGROUP, CONOCOPHILLIPS, MEXICO, BP PLC, OIL SPILL, DEPARTMENT OF JUSTICE
By Reuters
Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery. (Apr 30)
MORE TOPICS: CRUDE OIL
By Reuters
U.S. stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Citrix Systems Inc <CTXS.O>, overshadowed some high-profile earnings misses. (Apr 26)
MORE TOPICS: WAL-MART, DOW JONES, APPLE INC., NYSE, CHEVRON, FLORIDA
By Reuters
U.S. stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Citrix Systems Inc <CTXS.O>, overshadowed some high-profile earnings misses. (Apr 26)
MORE TOPICS: DOW JONES, APPLE INC., FLORIDA, INVESTMENT
By Reuters
Stocks advanced in choppy trade on Thursday as another batch of positive earnings and a strong housing report put equities on track for a third straight day of gains. (Apr 26)
MORE TOPICS: WAL-MART, DOW JONES, APPLE INC., PEPSICO, PENNSYLVANIA
By Reuters
The Securities and Exchange Commission has opened an informal inquiry into Chesapeake Energy Corp's controversial program that granted Chief Executive Aubrey McClendon a share in each of the natural gas producer's wells, a source familiar with the matter said on Thursday. (Apr 26)
MORE TOPICS: SEC, NEW YORK, MANAGEMENT, INVESTMENT
