Word: exxonmobils
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Dates: during 2000-2009
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...probably the wrong time to try to make a buck on soaring energy prices. Sure, Katrina has pushed oil prices-and gasoline prices at the pump-higher than you might have figured. And that spells windfall profits for energy companies, especially big oil firms like ExxonMobil and ConocoPhillips. But these stocks have been surging for more than a year. Wall Street has priced in oil at $65 or so a barrel. For the stocks to be a buy now you have to expect oil to keep going higher. Yet as the waters recede around New Orleans and oil firms...
...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...
...lies the crux of their differences. Exxon did toy with alternative-energy technologies--most notably with solar in the 1970s--but failed miserably. "Who was brought in to clean it up? Lee Raymond. He sold it all off," says Ed Ahnert, who retired last December as president of the ExxonMobil Foundation. "He learned you stick to what you know best...
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...