Advertisement
HomeCollectionsExxon Mobil
IN THE NEWS

Exxon Mobil

FEATURED ARTICLES
NEWS
May 9, 2012
It was recently reported thatExxon Mobil Corp.earned $825 billion in revenue in 2011. Think about that for a moment. That is nearly one trillion dollars in just one year, made largely on the backs of hard-working Americans forced to pay $4 per gallon at the pump. And where is all this money going? No doubt to pay for fat executive bonuses and to bribe corrupt members of Congress to continue doing the bidding of the oil industry. Clearly, a change is in order, and with that in mind I propose the following: Since we are now in the business of invading countries in order to steal their oil (under the guise of a war on terror)
ARTICLES BY DATE
NEWS
March 3, 2013
A recent article about the Maryland Court of Appeals decision striking down most of the $1.65 billion judgment against ExxonMobil Corp. for a 2006 underground gasoline leak in Baltimore County quoted homeowner Hans Wilhelmsen, whose family had been awarded some $60 million in damages, as saying that "nobody was looking for some sort of enormous payout, but just wanted to protect the asset" ("Fraud verdict in leak struck," Feb. 27). The article did not disclose how many properties the Wilhemsen family owns, but he obviously lives in the priciest section of Baltimore County if it takes $60 million to "protect the asset.
Advertisement
BUSINESS
December 15, 2009
Exxon Mobil, the world's largest publicly traded oil company, is making a $29 billion bet that pressure to curb climate change will mean natural gas - cleaner than coal and suddenly much easier to reach - will become a crucial source of U.S. power. Exxon agreed to buy XTO Energy in an all-stock deal at a 25 percent premium, showing how eagerly a company that is among the most conservative in a conservative industry is jumping into the natural gas market. The deal announced Monday was also the largest for the U.S. energy sector in at least four years and Exxon's biggest acquisition since it bought Mobil Corp.
BUSINESS
Lorraine Mirabella | January 30, 2013
Safeway Inc. has launched a gas rewards program with ExxonMobil. Grocery customers can earn points for most items at Safeway stores in the Mid-Atlantic and redeem the points at the pump at participating Exxon and Mobil stations, the supermarket chain is announcing today. "By teaming up with ExxonMobil, we're able to thank our customers with a loyalty program that makes two frequent and critical purchases lead to real savings," Mir Aamir, Safeway's president of customer loyalty, said in a statement.
NEWS
By Arthur Hirsch, The Baltimore Sun | June 17, 2011
Lawyers for dozens of Baltimore County families suing Exxon Mobil Corp. closed a six-month trial Friday by arguing for punitive damages in a 2006 underground gasoline leak in Jacksonville, accusing the corporation of playing down the potential harm of the contamination and of committing "fraud. " Lawyer Charles G. Bernstein told the nine-member jury in Baltimore County Circuit Court that "this is fraud, pure and simple. … Their game was just plain damage control. " James F. Sanders, representing Exxon Mobil, wrapped up his case earlier Friday by arguing that the company acknowledged its responsibility in the spill of about 26,000 gallons of regular unleaded gasoline and continues the work of removing the liquid gasoline and vapor.
BUSINESS
By Andrew Leckey | August 21, 2005
Q. I own shares of Exxon Mobil Corp. Now don't get me wrong, I am pleased with them. But I wonder how long good times for the oil companies can continue. D.R., via the Internet A. Oil always will be an unpredictable commodity, which makes it difficult to accurately forecast the length of the positive cycles of these companies and their stock. High crude oil prices are responsible for their latest bull run, while the efficiency of the world's largest and most profitable oil and gas company is keeping it in the lead.
NEWS
By Nick Madigan and Nick Madigan,Nick.madigan@baltsun.com | October 10, 2009
Exxon Mobil Corp., the oil company found responsible for a 26,000-gallon gasoline leak into the groundwater of a northern Baltimore County neighborhood in 2006, filed an appeal Friday of a trial verdict that awarded $150 million to a group of residents affected by the spill. "We agree with the jury's finding that this incident was an unfortunate accident and not a fraudulent or intentional act," said Kevin M. Allexon, a spokesman for the company. "We believe, however, that compensation should be limited to actual harm caused by the spill, and the jury's verdict goes well beyond reasonable compensation."
NEWS
BY A SUN STAFF WRITER | February 22, 2001
A spokeswoman for Exxon Mobil Corp. confirmed this week that the oil company intends to demolish the former gas station building at Oakland Mills Village Center, clear away the debris and sell the site for redevelopment. Jeanne Miller, the spokeswoman, said the building would be removed "within the next several months." Exxon Mobil crews removed the underground gas tanks at the site, in the 5900 block of Stevens Forest Road, on Feb. 8. The station, closed since September 1999, is considered an eyesore and a burden on the village center, Oakland Mills officials have said.
BUSINESS
By ELIZABETH DOUGLASS and ELIZABETH DOUGLASS,LOS ANGELES TIMES | April 28, 2006
Exxon Mobil Corp. brought home huge barrels of money in the first three months of the year - more than any first quarter in company history, the oil giant said yesterday - but it was less than Wall Street expected during a time of sky-high energy prices. The company's $8.4 billion net income for the quarter added fuel to accusations from politicians, state officials and consumer groups that the oil industry is pocketing hefty profits while motorists grapple with $3-per-gallon gasoline.
BUSINESS
By ANDREW LECKEY and ANDREW LECKEY,TRIBUNE MEDIA SERVICES | July 30, 2006
I think it is great the way my Exxon Mobil Corp. shares have been doing, but it seems like this can't last. Should I continue to hold? - K.V., via the Internet Exxon Mobil is the largest firm in the oil and gas business at a time when global turmoil has pushed energy prices to record levels, which doesn't translate to either popularity or freedom from troubles. Federal and state authorities have asked the company for $92 million to clean the remaining oil from the devastating Exxon Valdez tanker grounding of 17 years ago. The nation's largest oil spill emptied 11 million gallons of crude oil into Alaska's Prince William Sound and onto the beach.
NEWS
Dan Rodricks | October 22, 2012
I need to take a moment to tell you about Brad Marvel, a trained, certified, proud and professional automobile mechanic. I think I should add the he's sincere and earnest, and emphasize that he's a human being - a person, not a corporation. I had a meal with him at Bill Bateman's in Parkville. Marvel was so eager to tell his story that he barely touched his Monday night all-you-can-eat chicken wings special. At its core, Brad's story goes something like this: "I loved my customers at the Jacksonville Exxon station, and I want all of them to know - especially the ones who were harmed by the leak - that I had nothing to do with that.
NEWS
By Andrea F. Siegel, The Baltimore Sun | May 9, 2012
Maryland's top court agreed Wednesday to hear appeals of two multimillion verdicts affecting hundreds of Jacksonville-area residents who sued ExxonMobil Corp. over 2006 underground gasoline leak. The Court of Appeals is expected to hear arguments in October in the two cases. Last year, a Baltimore County jury returned a $1.5 billion verdict against the oil giant. ExxonMobil appealed, and attorneys for residents asked the top court to bypass the intermediate appeals court. In March, in the second case, the state's second-highest court rejected much of a $147 million verdict, and both ExxonMobil and the residents appealed.
NEWS
May 9, 2012
It was recently reported thatExxon Mobil Corp.earned $825 billion in revenue in 2011. Think about that for a moment. That is nearly one trillion dollars in just one year, made largely on the backs of hard-working Americans forced to pay $4 per gallon at the pump. And where is all this money going? No doubt to pay for fat executive bonuses and to bribe corrupt members of Congress to continue doing the bidding of the oil industry. Clearly, a change is in order, and with that in mind I propose the following: Since we are now in the business of invading countries in order to steal their oil (under the guise of a war on terror)
NEWS
July 6, 2011
Of the articles I have read about the Exxon-Mobil station leak of 2006, it seems like every other paragraph mentions the $1.5 billion awarded to the 160 families involved in the class action suit and the amount that some families will receive. Some will receive a lot more than others because they suffered more. But of the three articles I have read, not one of them mentions how much the lawyers stand to gain out of the settlement. I hope the parties involved opt for one-third to go for the lawyers.
NEWS
By Arthur Hirsch, The Baltimore Sun | June 17, 2011
Lawyers for dozens of Baltimore County families suing Exxon Mobil Corp. closed a six-month trial Friday by arguing for punitive damages in a 2006 underground gasoline leak in Jacksonville, accusing the corporation of playing down the potential harm of the contamination and of committing "fraud. " Lawyer Charles G. Bernstein told the nine-member jury in Baltimore County Circuit Court that "this is fraud, pure and simple. … Their game was just plain damage control. " James F. Sanders, representing Exxon Mobil, wrapped up his case earlier Friday by arguing that the company acknowledged its responsibility in the spill of about 26,000 gallons of regular unleaded gasoline and continues the work of removing the liquid gasoline and vapor.
NEWS
By Nick Madigan | nick.madigan@baltsun.com | March 13, 2010
ExxonMobil must resume testing 130 residential wells in the Jacksonville area that were affected by a huge underground gasoline leak in 2006, according to a directive from the Maryland Department of the Environment. The oil giant also has been told to resume deliveries of free bottled water to 126 households in the northern Baltimore County neighborhood. Both changes are contingent on a final MDE decision, expected by May 1. The MDE order, conveyed to ExxonMobil in a letter dated Wednesday, follows a public rebuke of the agency by Gov. Martin O'Malley on March 3. He objected to the agency granting a request from the oil company that it be permitted to stop testing the private wells and providing bottled water to area residents.
NEWS
By Kenneth R. Weiss and Kenneth R. Weiss,LOS ANGELES TIMES | December 19, 2003
Hidden pools of oil left over from the Exxon Valdez spill 14 years ago continued to damage the Alaskan coastal environment for a decade, killing pink salmon eggs and retarding the population growth of sea otters, harlequin ducks and other wildlife, a new study says. The 14-year study published yesterday in the journal Science points out that effects of the 11 million-gallon spill into Prince William Sound extended well beyond the initial deaths of 250,000 oiled seabirds, 2,800 otters and 300 harbor seals.
NEWS
By Larry Carson and Larry Carson,SUN STAFF | January 28, 2001
Residents of Oakland Mills village are hoping that Exxon Mobil Corp.'s decision to remove underground gasoline storage tanks at the closed gas station on Stevens Forest Road means new life is imminent for what resident Barbara Russell called "a boarded-up eyesore." The giant oil corporation confirmed Friday that the station's underground tanks will be removed before a Feb. 8 deadline set by state environmental officials. Company spokeswoman Betsy Eaton would not reveal Exxon Mobil's plans for the station.
NEWS
March 4, 2010
We were very disappointed to read in the Sun on Tuesday that the Maryland Department of the Environment had approved a request from ExxonMobil to stop monitoring 130 residential wells it had contaminated in Jacksonville in 2006 and to discontinue bottled water to 126 homes ("Exxon ruling draws protest," Mar. 2). While the recovery and remediation work has had significant success in retrieving gasoline and its related contaminants, this man-made disaster has not always been predictable, and residents whose homes and lives have been impacted should not be subject to uncertainty about the safety of their well water until it is clear that the entire area is completely clear of MTBE and other contaminants from the 26,000 gallon leak.
BUSINESS
December 15, 2009
Exxon Mobil, the world's largest publicly traded oil company, is making a $29 billion bet that pressure to curb climate change will mean natural gas - cleaner than coal and suddenly much easier to reach - will become a crucial source of U.S. power. Exxon agreed to buy XTO Energy in an all-stock deal at a 25 percent premium, showing how eagerly a company that is among the most conservative in a conservative industry is jumping into the natural gas market. The deal announced Monday was also the largest for the U.S. energy sector in at least four years and Exxon's biggest acquisition since it bought Mobil Corp.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.