Word: exxonmobil
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...pain at the pump has put Big Oil in the profiteering spotlight again, albeit with an Internet twist. At least one widely distributed chain e-mail encourages readers to boycott stations operated by ExxonMobil, the largest gasoline retailer in the U.S. Exxon's profits roared 44% higher in the first quarter, to $5 billion, on fattened profit margins. The 27 largest energy firms in the U.S. earned $14.1 billion in the fourth quarter of 2000--more than double their profits in the same period a year earlier, reports the Energy Information Agency. Of course, there were no complaints while Exxon...
...late '90s. And relative prices are still lower than they were in the '60s. That's not to say refinery profit margins haven't increased handsomely from the supply squeeze. Operating profits have surged this year at refiners like Valero and big oil companies like BP Amoco and ExxonMobil. "Refiners have made a killing over the past 15-to-18 months," says Chris Stavros, an oil-industry analyst at UBS Warburg. Stavros points out that the suppliers aren't gouging; they are simply reaping the benefits of market economics swinging their...
...pain at the pump has put Big Oil in the profiteering spotlight again, albeit with an Internet twist. At least one widely distributed chain e-mail encourages readers to boycott stations operated by ExxonMobil, the largest gasoline retailer in the U.S. Exxon's profits roared 44% higher in the first quarter, to $5 billion, on fattened profit margins. The 27 largest energy firms in the U.S. earned $14.1 billion in the fourth quarter of 2000--more than double their profits in the same period a year earlier, reports the Energy Information Agency. Of course, there were no complaints while Exxon...
...PENDING TO $AVE Wish putting gas in your tank could somehow lead to more money in the bank? Upromise.com has cooked up a way to augment families' college savings by getting companies such as ExxonMobil, McDonald's and Toys "R" Us to funnel a percentage of a customer's spending into a tax-deferred state tuition savings account. The membership program, which launched last week, ensures customer loyalty. Why switch to MCI if AT&T will put 4% of your monthly bill toward Junior's education...
...moved in hours later, and now it is a charred ghost town presided over by Brimob, the Police Mobile Brigade under the command of the national police force? including some of the same troops who led the carnage in East Timor. The situation is so bad in Aceh that ExxonMobil, whose local plant produces one-third of the country's gas exports, temporarily pulled out of the region. And things are only going to worsen: last week Indonesian President Abdurrahman Wahid ordered additional troops to the North Sumatran province...