EXXON MOBIL

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.

Can Tweeting The Workday Away Save The Economy?

A new report released by the business consulting giant McKinsey Global Institute, showed that social-media tools stand to add $900 billion to $1.3 trillion to the economy, largely through increased productivity among skilled workers.

Shell Plans At Least $1 Billion Investment In Chinese Shale Gas Per Year

Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.

Apple, Google Set New Records For Valuation

Apple (Nasdaq: AAPL), the world's most valuable technology company, continued its tear as its shares keep setting all-time records in Monday trading. Earlier, its shares hit $664.75, valuing the Cupertino, Calif., company above $621 billion for the first time, more than any other company?s prior value.

ExxonMobil Is Expected To Report Weak Earnings From Lower Gas Prices

Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.

Azerbaijan - A Repressive, Corrupt Country That The West Loves

With all of its contradictions, Azerbaijan is a complex country to fully figure out: Its tangled friendships and autocratic policies are often puzzling as are its relations with the West. But its obsession with oil is as undiluted and unwavering as anything the country has ever done.

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BP Earnings Fall As Gulf Spill Costs Continue To Weigh

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.
Exxon Mobil

Exxon Mobil Shuts Louisiana Oil Pipeline After Leak

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.
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Wall Street Gains But Exxon And Aetna Drop

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.
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