Word: exxon
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...company to pay $1.5 billion for environmental and health hazards it allegedly caused in the Niger Delta. But with Shell stock at about $7.30 a share in London , or just over 11 times its estimated earnings this year, and other Big Oil stocks such as BP and Exxon Mobil trading closer to 14 times earnings, that suggests: buy. "We can't help but think there is now limited downside risk," said Merrill Lynch analyst Mark Iannotti, while...
Kent N. Barrett, a spokesperson for Wisconsin—whose CEO alums include Exxon Mobil’s Lee F. Raymond, Halliburton’s David J. Lesar, Exelon’s John Rowe and Kimberly-Clark’s Thomas Falk—said he was not surprised by the study’s findings...
...problem. Sachs points out that the economies of Greece, Portugal and Spain expanded rapidly only after malaria was eradicated in those countries in the 1950s. In other words, fighting malaria is good for business--as many companies with overseas operations have long understood. By the end of this year, Exxon Mobil, which plans to expand activities in the sub-Saharan countries of Chad, Cameroon, Angola, Equatorial Guinea and Nigeria, hopes to triple its funding for antimalaria projects and research, from $2 million to $6 million. But the malaria problem is bigger than Exxon Mobil or even Bill and Melinda Gates...
...fair, so that average Americans don’t have to pick up the tab for corporate-America profits.” What politicians fail to remember is that people own companies, and many of those people are pretty average and just happen to have a few pieces of Exxon in their 401K. Taxing corporations ultimately takes money away from these people. A more nuanced argument would propose that since rich people have more wealth in the form of stocks, then we should tax corporations for that reason alone. But taxing the rich is much easier and more effective...
...ability to simply barge the opposition off the political playing field has shown. Far more worrying to Putin, however, were the oil tycoon's plans to build Russia's first oil pipeline independent of state control, and his efforts to sell a major share of his company to Exxon Mobil. States in which oil-production is a major source of export earnings tend to treat is a strategic industry, and Khodorkovsky's desire to make Yukos independent of Moscow's influence was intolerable to Putin and those around...