News: Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

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1 Aug 2013
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Thu, Aug 1 2013

UPDATE 3-Decades-old defect caused Exxon's Arkansas oil spill -regulator

WASHINGTON, Aug 1 - A leak in Exxon Mobil Corp's nearly 70-year-old Pegasus pipeline, which spilled thousands of barrels of crude oil in a small Arkansas town in March, appears to have been caused by an original manufacturing defect, U.S. regulators said on Thursday.

Exxon pipeline leak caused by manufacturing defect -U.S. report

WASHINGTON, Aug 1 - A leak in Exxon Mobil's Pegasus pipeline, which spilled thousands of barrels of crude oil in a small Arkansas town in March, was caused by a manufacturing defect, and the line will remain shut until it can be restarted safely, U.S. regulators said on Thursday.

Exxon's quarterly profit falls short of Street view

- Exxon Mobil Corp on Thursday reported a sharp fall in quarterly profit on lower oil and gas output production and weaker earnings from its refining business.

UPDATE 2-Exxon's quarterly profit falls short of Street view

Aug 1 - Exxon Mobil Corp on Thursday reported a sharp fall in quarterly profit on lower oil and gas output production and weaker earnings from its refining business. "I think the (earnings) shortfall was across the board," Brian Youngberg, oil analyst at Edward Jones in St Louis. "The biggest miss was on the downstream, the refining margins were well below expectations." The world's largest publicly traded oil company reported profit at $6.9 billion, or $1.55 per share, down 57

Exxon's quarterly profit lower, output off 1.9 pct

Aug 1 - Exxon Mobil Corp on Thursday reported a 57 percent decline in second-quarter profit as oil and gas output dropped and earnings for its refining business fell.

Frank's Int. raises IPO size by nearly half to up to $724.5 mln

July 29 - Frank's International N.V., which provides drilling equipment to Chevron Corp, Exxon Mobil Corp and ConocoPhillips, increased the size of its initial public offering by about 45 percent to up to $724.5 million.

U.S. appeals court upholds $105 million Exxon payout in NYC case

NEW YORK - A U.S. appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive.

UPDATE 1-U.S. appeals court upholds $105 mln Exxon payout in NYC case

NEW YORK, July 26 - A U.S. appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive.

U.S. appeals court upholds $105 mln Exxon payout in NYC case

NEW YORK, July 26 - A U.S. appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive.

Louisiana agency sues big oil firms for hurting wetlands

NEW ORLEANS - A Louisiana agency sued 97 oil companies - including BP Plc, Exxon Mobil Corp, Chevron Corp and Royal Dutch Shell Plc - in state court on Wednesday for allegedly damaging hundreds of miles of sensitive wetlands by cutting through them with pipelines and transportation canals.

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