Word: exxon
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...foundation but what she is going to offer," he says. "She's not going to bestow greater credibility on our business." To illustrate his point, he refers to the Onassis shipping interests, which the foundation controls. "When I talk to the top people in Exxon Mobil, they want to know who they're talking to; they want to know they trust us to carry their crude. What will they say when they see a young lady with no experience, with no business knowledge?" Papadimitriou told Time that he had invited Athina to familiarize herself with the foundation, but would oppose...
...COMPANIES DRILL MORE WELLS? Oil and gas companies are flush with profits, so they could afford it. Exxon Mobil alone earned nearly $10 billion in the third quarter, a record for any U.S. firm. But companies seem more inclined to buy one another's assets and invest in proven reserves than go hunting for new sources. Conoco Phillips recently bid $35.6 billion for Burlington Resources, one of the world's largest natural-gas producers. In the contiguous 48 states, easily accessible fields are running full tilt. "We've had great success finding new reserves, but these are unconventional sources...
...billion Exxon Mobil's net earnings last quarter, up 75% over the same period last year...
...plans held enough assets to cover 69.8% of promised retirement pay. Ford Motor Co.'s deficit came in at $12.3 billion. It could write retirement checks for 83% of money owed. ExxonMobil Corp. was down $11.5 billion, with enough money to issue retirement checks covering 61% of promised benefits. Exxon had extracted $1.6 billion from its pension plans in 1986 because they were deemed overfunded. The company explained then that "our shareholders would be better served" that...
...question as unstable and unpredictable weather conditions plague the planet. But Schrag’s findings are not without controversy. Some scientists, such as Willie Soon, an astronomer at the Harvard-Smithsonian Center for Astrophysics and a senior scientist at the Marshall Institute—which is funded by Exxon Mobile and other private interests—suggest that the current climatic change is a natural phase in climate history, rather than induced by carbon emissions. But Schrag disagrees with this line of thought, which in recent years has countered environmentalists’ claims of permanent environmental degradation...