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Word: exxonmobils (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...ExxonMobil, success has bred an odd problem. With oil prices hovering near $50 per bbl. recently, the energy behemoth has been churning out profits. Over the past 12 months (through the end of March), earnings gushed to $28 billion--almost 40% above the previous year--on revenues of $306 billion. With minimal debt, the oil giant, based in Irving, Texas, is sitting on a $30 billion hoard of cash. The problem: What will the company do with all that loot...

Author: /time Magazine | Title: Energy: A Barrel of Cash | 5/22/2005 | See Source »

...question that oil watchers, policymakers and, of course, ExxonMobil shareholders are buzzing about. Will the company loosen its purse strings and go on a buying spree? Will it return all that cash to shareholders? Or will the company continue to salt away the dollars for a rainy day--and if so, for what specific purpose...

Author: /time Magazine | Title: Energy: A Barrel of Cash | 5/22/2005 | See Source »

...company ExxonMobil's size routinely spends huge gobs of money. This year alone the company is expected to deploy some $16 billion on capital projects. Among other things, ExxonMobil is pushing heavily into the expanding market for liquid natural gas with a $7 billion gas-to-liquids foray in Qatar. But the company's projected capital spending is only $1 billion higher than last year, and even ceo Lee Raymond knows that some shareholders are frustrated that the company isn't being more aggressive about making investments. "When inevitably you ask me how we manage our cash, I will remind...

Author: /time Magazine | Title: Energy: A Barrel of Cash | 5/22/2005 | See Source »

...socially sound lending 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 work got the green light, and oil companies like ExxonMobil have provided compensation and health care to locals whose lives and livelihoods have been disrupted by the development. A trust fund, designed to give all Chadians - and not just a well-connected élite - a share of the profits is another improvement, even if green groups such as Friends...

Author: /time Magazine | Title: Taking The Earth Into Account | 5/1/2005 | See Source »

...says. SBC, meanwhile, hasn't ruled out keeping it. Now that's showing respect for your elders. - By Adam Smith Profits By The Barrel Royal Dutch/Shell announced a 2004 profit of $18.5 billion, the highest ever for a British-listed company. That followed similarly upbeat earnings from ChevronTexaco and ExxonMobil, although in all three cases company stock barely moved on the day earnings were released; in Shell's case, its announcement also disclosed a further reduction in the firm's proven reserves. Another big oil firm, BP, is scheduled to announce earnings this week...

Author: /time Magazine | Title: Bizwatch | 2/6/2005 | See Source »

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