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    Report: ExxonMobil sees 90% of all transportation still running on petroleum in 2040

    If anyone's got an incentive to show how popular gasoline will be for ever and ever, it's ExxonMobil, right? While the oil giant does see 90 percent of all the world's transportation still running on petroleum-based fuels in 2040, it also sees alternatives to gasoline making pretty serious ...

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    BP, Conoco Philips scrap $35b Alaska natural gas pipeline project

    Oil behemoths BP and ConocoPhillips have scrapped plans to build a $35 billion pipeline to move natural gas from Alaska to the Lower 48. BP and ConocoPhillips claim that the decision to abandon the massive natural gas pipeline project was driven by weak customer demand. The decision, though not ...

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    U.S. approves Exxon Mobil's request for deepwater drill in Gulf

    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 ...

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    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 ...

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

    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 ...

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

    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 year. VMT is just one way to measure demand for oil, and the decrease in VMT plus the rise of ...

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    Exxon Mobil posts record $45.2 billion profit in 2008

    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 percent, that didn't happen. Don't feel too bad for the company, though, as even in a down market, the ...

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    Exxon's $14.83 billion sets new quarterly profit record

    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 ...

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    Exxon made nearly $1,500 a second last quarter, a new record

    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 ...

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    ExxonMobil $pending ten$ of billion$ to locate more oil

    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 ...

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    Friday Humor: ExxonMobil finds a way to spend their record profits

    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 ...

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    Science teachers reject free copies of "An Inconvient Truth" under pressure from ExxonMobil

    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 ...

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    Saudi oil exec: Don't worry, we have plenty of oil

    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 ...

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    Exxon Mobil chief's global energy outlook

    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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