LYCOS RETRIEVER 
Exxon Mobil
built 657 days ago
Exxon Mobil of Irving, Tex., is the largest oil company in the world that is not owned by a foreign government. It is in a capital-intensive business, and Exxon's capital spending budget last year was $19.9 billion, up 12.2 percent from 2005 in part because of higher costs. The company credited its level of spending in past years, when prices were lower, for contributing to the increase of 172,000 barrels a day, or 4 percent, in its oil and natural gas production in 2006. New crude oil production off the coasts of Nigeria and Angola, and in the Norwegian North Sea, Russia's Sakhalin Island and Abu Dhabi offset declines in older, declining fields.
Source:
Exxon Mobil is the power behind George W. Bush. Exxon Mobil was a large donor of the Republican Party giving over one million dollars, more than all the other oil companies. Ninety-one percent of total contributions went to the Republican Party.
Source:
Exxon Mobil had net income of $36.1 billion in 2005, the biggest annual profit of any company in U.S. history. Fourteen of 15 analysts surveyed by Thomson Financial expect the company to top that result this year.
Source:
Exxon Mobil Corp. (XOM) opened at 87.50. So far today, the stock has hit a low of 87.50 and a high of 89.46. XOM is now trading at 88.70, up 0.78 (0.89%). The stock hit its 52 week high of 95.27 in October and set its 52 week low of 69.02 in March. The stock has been generally up for the past year. Exxon Mobil shares have been rising today helped by higher energy prices.
Source:
Despite its cleanup effort, Exxon Mobil remains under scrutiny. It was one of five companies cited in a lawsuit filed by the New York attorney general’s office on Tuesday seeking to compel a faster cleanup. The other four were BP, Chevron, KeySpan and Phelps Dodge. Two other lawsuits resulting from the spill, one filed by Riverkeeper, an environmental group, and another filed by local residents, are pending.
Source:
Like most of its competitors, Exxon Mobil said earnings were hurt by lower global refining and marketing margins. Earnings at its refining and marketing units were $2 billion in the July-September period, off 27 percent from the $2.74 billion it earned a year ago.
Source:
MORE ABOUT
Exxon Mobil