Exxon Mobil Corp., the world’s largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
Yet numbers contained within the company’s most recent financial report revealed production numbers that continue to sag.
The Irving, Texas-based company has [...]
GeoGlobal Resources Inc told the press that on June 10, 2008 and June 27, 2008, respectively, it filed with the US Securities and Exchange Commission its Annual Report on Form 10-K for the fiscal year ended December 31, 2007 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2008. Concurrently, it [...]
GeoGlobal Resources Inc published that the Gujarat State Petroleum Corporation the operator of the exploration block KG-OSN-2001/3 (”KG Offshore Block”), has successfully tested 17 meters of perforations across the interval depth from 4,652 to 4, 672 meters total measured depth.
GSPC perforated DST-3 (Drill stem test - 3). During clean-up flow, the following stabilized gas/condensate rates [...]
Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.
The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the U.S.
The Irving-based company didn’t [...]
Northern Oil and Gas, Inc. reported a first quarter 2008 net loss of $187,000 or $0.01 per common share. Complete details of the company’s financial performance in the first quarter can be found its Form 10-Q which has been filed with the U.S. Securities and Exchange Commission.
Michael Reger, Chief Executive Officer of Northern said, “Northern [...]
Members of the Rockefeller family, descended from the founder of what is now Exxon Mobil Corp., want the oil giant to split the roles of chairman and CEO and to put more focus on renewable energy.
The family members, who describe themselves as the company’s longest continuous shareholders, say they are concerned that the Irving, Texas-based [...]
Qatar Petroleum Corp. will invest or is negotiating investments abroad worth $20 billion, including a $7 billion oil refinery in Panama with Occidental Petroleum Corp., Qatar’s energy minister said.
Qatar Petroleum International, the state-owned company’s foreign investment arm, has “teamed up” with Occidental to build a 350,000 barrel-a-day oil refinery in the Central American country, Abdullah [...]
Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]
Exxon Mobil, the oil conglomerate whose operations span the globe, is now drilling for natural gas very close to home, according to a news report Monday.
The world’s largest publicly traded oil company, by market capitalization, has begun drilling in the Barnett Shale gas field around Forth Worth, Texas, said The Wall Street Journal.
Exxon’s global [...]
Derek Oil & Gas Corporation is pleased to announce the closing of the purchase of Ivanhoe Energy’s interest in the LAK Ranch Project as at November 30, 2006. The total purchase price was US$800,000 of which US$600,000 was paid in cash on November 30, 2006 and the remaining US$200,000 was paid to Ivanhoe through a [...]
