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Exxon Mobil


Is Exxon making a real, $600 million biofuel shift?

Money talks, but how can we know what it's saying? Exxon Mobil is investing $600 million into a 5- to 6-year algae biofuel project with biotech company Synthetic Genomics. The biofuel will be made from "sunlight, water and waste carbon dioxide by photosynthetic pond scum," writes the New York Times. After the first $600 million is used and if the technology appears to be working, billions more could follow in order to get the produciton process ready for commercial application. The goal is to produe liquid fuels that act "a lot like today's ... Read more →

ExxonMobil/Electrovaya's electric car, the Maya 300, gets detailed tomorrow Sebastian Blanco

If you had gobs and gobs of money, would you spend some on an electric car? What if your core business was selling people oil and gasoline? That's what ExxonMobil is all about, but the company is ...

U.S. oil consumption keeps on dropping, ExxonMobil execs admit Sebastian Blanco

If you know what the acronym VMT stands for, then this story probably won't come as much of a surprise. VMT stands for vehicle-miles traveled, and Americans drove their VMT numbers way, way down last ...

Exxon Mobil posts record $45.2 billion profit in 2008 Jeremy Korzeniewski

It's almost expected now that each quarter Exxon Mobil will produce a new record profit. Last quarter, though, as the largest publicly traded oil company in the world saw its profits decline by 27 ...

Exxon's $14.83 billion sets new quarterly profit record Jeremy Korzeniewski

Another quarter passes, another record profit is set by Exxon Mobil. It's a bit of a broken record by now... literally. If you have a weak stomach, perhaps you should quit reading here. For the rest ...

Exxon made nearly $1,500 a second last quarter, a new record 1 year ago on Autoblog Green

First, let's get the hard data out of the way: Exxon's $11.68 billion of profit last quarter was the highest ever recorded by any company, topping it's own previous record from the last quarter of '07. For those who like to keep track of such things, that is nearly $90,000 a minute; $1,500 every ...

ExxonMobil $pending ten$ of billion$ to locate more oil 1 year ago on Autoblog Green

While the amount of energy the world demands every year is tremendous, the cost of finding and purchasing that energy is just as staggering. According to this article, ExxonMobil plans to spend between $25 and $35 billion every year for the foreseeable future in search of more oil. Even as ...

Friday Humor: ExxonMobil finds a way to spend their record profits 2 years ago on Autoblog Green

What do you do when your company makes more money in a quarter than any other company in history... ever? I'm not sure, 'cause I'm certainly not in that position. Perhaps ExxonMobil, which is the profit-laden company in question, decided to play a trick on one unsuspecting customer of almost twenty ...

Science teachers reject free copies of "An Inconvient Truth" under pressure from ExxonMobil 2 years ago on Autoblog Green

The National Science Teachers Association was offered 50,000 free copies of the Al Gore documentary An Inconvenient Truth for classroom use. The group however decided to decline the offer because they didn't want to upset Exxon\Mobil. The oil company is a major financial supporter of the ...

Saudi oil exec: Don't worry, we have plenty of oil 3 years ago on Autoblog Green

At a conference today in Vienna sponsored by the Organization of Petroleum Exporting Countries, Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Company (Aramco), proclaimed that the world has only consumed about 18 percent of its total crude oil supply. He said that with a ...

Exxon Mobil chief's global energy outlook 3 years ago on Autoblog Green

There's a news brief on ABC News Online's website showing some views of Exxon Mobil Australian CEO Mark Nolan regarding his global energy outlook. First of all, Nolan believes that fossil fuels will continue to provide about 80 percent of our energy through 2030 because of technical, economic and ...


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