Crude oil closes under $40 for first time since 2009

...Exploration Co., which fell about 10 percent and took the largest loss on the S&P 500. Also suffering losses were Cabot Oil & Gas Co., Mara thon Oil Corp., Baker Hughes Inc., Hess Corp., ConocoPhillips, BP PLC and Exxon Mobil Corp.

Exxon CEO says price of oil likely to remain low for years

NEW YORK - Exxon Mobil CEO Rex Tillerson expects the price...outlining its business plans through 2017, Exxon assumes a price of $55 a barrel for global...of supply out there," Tillerson said.Exxon will be adding to that in the coming years...

Alternative-energy funds are better at absorbing oil's spill

...Energy index is down about 4 percent over the last 12 months, a milder drop than the 54 percent plunge in oil or 18 percent for Exxon Mobil. It's the latest sign of maturation for alternative-energy stocks."The whole industry feels like it's about...

Willie Perrin Sr.

...the late George and Fannie Mae Traylor Perrin and reared by his mother, Mrs. Alma Wardlaw Perrin. He was owner of Perrin s Exxon of McCormick for fifty years and was involved in all civic and church activities within the county. He was the recipient of...

Exxon sees abundant oil, gas far into future

...increases, according to Bill Colton, Exxon's chief strategist."The world has...economists happy but environmentalists fret, Exxon's two chief products, oil and natural...running out of oil.And it is despite what Exxon assumes will be increasingly strict policies...

Exxon, Chevron post higher earnings despite low oil prices

...companies, but things could get tougher.Exxon and Chevron leaned on strong performances...Youngberg, an analyst at Edward Jones, about Exxon and Chevron. "Refining and chemicals...the end, and it cost both companies. Exxon's revenue slipped by 4 percent and Chevron's...

Consumers enjoying lower energy costs amid rout in prices of fossil fuels

...2014.HOW LOW PRICES HURTEnergy company profits and share prices have been crushed. Quarterly earnings dropped 52 percent at Exxon and 90 percent at Chevron, the companies announced last week.On Monday Alpha Natural Resources became the fourth U.S...

Bury this bank

...help selling products overseas.Certainly not the dozen or so Fortune 500 companies ? including Bechtel, Caterpillar and Exxon Mobil ? that account for the bulk of Ex-Im's taxpayer-backed financing. There's a reason Ex-Im is known around...

National Wildlife Federation starts process to sue federal agency over pipeline plans

...lakes, and other inland navigable waters" under the Oil Pollution Act, said Shriberg.The law was passed after the 1989 Exxon Valdez tanker disaster that resulted in millions of gallons of crude being leaked in Alaska's Prince William Sound. Thousands...

Exxon CEO talks Arctic oil drilling, risks, lessons

...talked about why he thinks Arctic exploration is worth the risk. Exxon has decades of experience working in that part of the world...catastrophic oil spill in Alaska's Prince William Sound when the Exxon Valdez oil tanker ran aground in 1989.Below are excerpts of...