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Tag: exxon
Sanctions against Russia have cost Exxon Mobil $1 billion
2015-03-04 16:43:24| Chemicals - Topix.net
The U.S. oil major Exxon Mobil lost big money after cooperation with Rosneft in the Arctic, Black Sea and Western Siberia was wound down last year. In 2014, the European Union and United States imposed sanctions related to Russian energy sector since Russian annexed Crimea from Ukraine in March and for supporting separatists in eastern Ukraine.
Tags: cost
mobil
russia
billion
Exxon borrowing $7 billion through bond deal, as oil prices stay low
2015-03-04 05:23:06| Oil & Gas - Topix.net
With oil prices down by half since last summer, Exxon Mobil is borrowing billions of dollars to help navigate what is expected to be a long downturn for the industry. The Irving-based company is in the process of soliciting buyers for a $7 billion bond issue, its largest ever, according to a source close to the deal who asked not to be identified and multiple news reports.
Lawmaker: Christie's Exxon deal 'stinks'
2015-03-04 03:09:22| Chemicals - Topix.net
Lawmaker, city say Christie administration's Exxon deal stinks N.J. spent 10 years trying to get Exxon Mobil to pay $8.9B in pollution damages Check out this story on mycentraljersey.com: http://mycj.co/1ADSqd3 A Union County lawmaker is giving the Christie administration heat over a reported settlement agreement that would allow Exxon Mobil to pay just $250 million - a fraction of the $8.9 billion in pollution damages the state spent a decade suing to recover. "We have to and we will get to the bottom of this case to determine how $8.9 billion shrunk down to $250 million," state Sen. Raymond Lesniak, D-20th District, said Tuesday in a statement.
Tags: deal
exxon
stinks
lawmaker
Exxon Mobil ups Russian investment to 63.7M acres despite sanctions
2015-03-03 14:30:34| Chemicals - Topix.net
Exxon Mobil Corp. continues to snatch up drilling rights in Russia despite the fall in oil prices and international sanctions against Russia. Exxon increased its Russian holding to 63.7 million acres in the past year from 11.4 million acres.
Tags: investment
russian
ups
mobil
Lawsuit alleges Exxon denied more claims than paid
2015-03-02 14:56:56| Oil & Gas - Topix.net
ExxonMobil has paid more than $4.6 million to nearly 2,900 motorists impacted by the company's production of more than 5 million gallons of tainted fuel distributed in the Baton Rouge area in March 2014. "ExxonMobil proactively honored all valid claims that involved impacted fuel," ExxonMobil Baton Rouge spokeswoman Stephanie Cargile told The Advocate .
Tags: paid
claims
denied
lawsuit
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