... Lawmakers quiz state officials about oil leases 120408 STATE 3 The Associated Press State lawmakers want to understand why two energy companies ready to drill for natural gas have not received lease-related considerations from the state. State...
... The company expects to continue providing engineering, procurement, construction, and project management to offshore drilling projects around the world. The business group president acknowledged that the oil business is in a funk right now, but "our...
... ENERGY: Major companies flush with cash from huge profits may target smaller, struggling producers. The Associated Press HOUSTON - Big Oil is set to spend billions on new exploration in 2009, but in addition to ocean beds thousands of...
... Maxwell has been in the oil business for more than 50 years, beginning with a stint at Mobil Oil in 1957. In 1968 he began working as an energy securities analyst. Since 1999, he has been a senior energy analyst at Weeden & Co., a brokerage in Greenwich,...
Background
Exxon Mobil Corporation or ExxonMobil (NYSE: XOM), is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil company. Formed on November 30, 1999, by the merger of Exxon and Mobil, ExxonMobil is the world's largest company by revenue, at $404.5 billion for the fiscal year of 2007. It is also the largest publicly held corporation by market capitalization, at $501.17 billion on April 18, 2008. Exxon's reserves were 72 billion oil-equivalent barrels at the end of 2007 and, at current rates of production, are expected to last over 14 years. While it is the largest of the six oil supermajors with daily production of 4.18 million BOE (barrels of oil equivalent) in 2007, ExxonMobil's daily production is still surpassed by several of the largest state-owned petroleum companies and it is only 14th in the world when ranked by held oil and gas reserves.
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16 hours ago from Juneau Empire