Exxon

Let them drill, says the U.S. Department of the Interior. On Monday, regulators approved Shell's offshore plan that calls for the drilling of three exploratory wells in the Gulf of Mexico. Then, on Tuesday, Exxon Mobil was granted approval to drill in the deep waters of the Gulf, marking the ...

Unsurprisingly, all of the highlights Exxon displayed in its sign about "Improving Energy Efficiency For Today's Consumer" at the Challenge Bibendum in Rio de Janiero, Brazil last week were small improvements related to ...

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 ...

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 backing the electric car sharing program AltCar that uses a new EV called the Maya 300. News has been ...

Here's a good one.How would you define alternative energy? Solar power? Wind turbines? Recycling waste grease into biodiesel? Well, if you're Rex Tillerson, the CEO of Exxon, then "alternative" energy has a very special meaning. The Dallas Morning News heard Tillerson say the following during the ...

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 of us, here are the gory details: Total net profit comes in at a staggering $14.83 billion, besting ...

It's not easy being a carbon-fuel provider these days. They bear the responsibility for keeping the entire economy moving along like a well-oiled machine. They get you you to work, your kids to school, and your food to your family table. Everybody depends on them and they bear that responsibility ...

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 ...

Recently we told you about oil execs explaining to congress how $123 billion in profits should entitle them to an additional $18 billion in the form of subsidies. I realize many of you out there have a lot of sympathy for their position and have spent the intervening time hounding your ...

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 ...