Exxonmobil

ExxonMobil Corp. spent 38% more to look for oil and natural gas reserves in 2Q2008 — nearly $7 billion worldwide — but the oil major’s output still slumped 8% from the same period a year ago. Exxon’s record profit, up 14%, barely topped the earnings reported by rival Royal Dutch Shell, which reported a 1% production decline.

ExxonMobil Corp. has submitted yet another plan to produce natural gas from its Point Thomson field on the North Slope of Alaska. The $1.3 billion, six-year project, if approved by state officials, could ramp up in 2009 and perhaps help push forward the long-awaited gas pipeline.

ExxonMobil Corp. is readying yet another plan to produce natural gas from its Point Thomson field on the North Slope of Alaska. The $1.3 billion, six-year project, if approved by state officials, could ramp up in 2009 and perhaps help push forward the long-awaited gas pipeline.

ExxonMobil Corp. posted the highest quarterly results in U.S. history Friday, but neither Exxon nor second-largest U.S. producer Chevron Corp. managed to boost their oil and natural gas production levels in the final three months of the year.

ExxonMobil Corp. posted the highest quarterly results in U.S. history Friday, but neither Exxon nor second-largest U.S. producer Chevron Corp. managed to boost their oil and natural gas production levels in the final three months of the year.

Alaska’s three North Slope producers — BP, ExxonMobil and ConocoPhillips — hemmed and hawed about taxes and fiscal assurances under the state’s gasline framework, all but turning up their noses at the process. But industry watchers were pretty much counting on an application from pipeline giant MidAmerican Energy Holdings Co.

Alaska’s three North Slope producers — BP, ExxonMobil and ConocoPhillips — hemmed and hawed about taxes and fiscal assurances under the state’s gasline framework, all but turning up their noses at the process. But industry watchers were pretty much counting on an application from pipeline giant MidAmerican Energy Holdings Co.

The Alabama Supreme Court Thursday in an 8-1 opinion struck down a lower court ruling that ExxonMobil Corp. owed the state $3.6 billion for fraud and for underpaying the state in a contract dispute over natural gas pumped from Alabama waters in Mobile Bay.

The Alabama Supreme Court has struck down a lower court ruling that ExxonMobil Corp. owed the state $3.6 billion for fraud and for underpaying the state in a contract dispute over natural gas pumped from Alabama-owned waters in Mobile Bay.