Word: exxonmobil
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...ExxonMobil, the Texas-based oil giant, has pledged $100 million over 10 years to research "innovative and cost-effective" ways of meeting the world's energy needs. One of its partners in the project? General Electric...
HIRED. PHILIP COONEY, 45, former oil-industry lobbyist who, as a White House environmental adviser, came under fire from environmentalists when it was revealed that he had edited government scientific reports on global warming to downplay ecological threats; by ExxonMobil, the world's largest oil company, days after he resigned from the Administration...
...offices in upstate New York, Houghton serves as chairman of two mighty corporations: Corning, Inc., the $23 billion technology firm, and Harvard University, the $27 billion institution of higher learning. (He’s also chairman of the Metropolitan Museum of Art and a director at MetLife and ExxonMobil, among other high-powered projects...
Questions about what ExxonMobil might do with its cash are unlikely to die down anytime soon. After all, the company's growth is slowing--Wall Street projects its five-year growth rate at 8%, vs. the industry's 14%--and its share price, after a dramatic run-up last year that pushed the company's market value past that of General Electric, is now off its peak by 16%, at a recent $54. Yet the cash hoard just keeps growing, rising $7 billion in the first quarter alone. "A lot of investors might think that share buybacks and dividends...
...socially sound can have a huge long-term impact. Underwriters such as Citigroup point to the World Bank--backed pipeline running from Chad's oil fields through Cameroon to the Atlantic. Extensive environmental-impact assessments were carried out before the work got the green light, and oil companies like ExxonMobil have provided compensation and health care to local people whose lives and livelihoods were disrupted. A trust fund designed to give all Chadians--not just a well-connected élite--a share of the profits is another improvement, even though green groups such as Friends of the Earth...