Word: mobilize
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Street Creds: Joined Corning in 1962; member of board of directors of Metropolitan Life Insurance Company and Exxon Mobil Corporation; trustee of the Metropolitan Museum of Art, the Pierpont Morgan Library and the Corning Museum of Glass...
...industries such as mining and oil-and-gas production. Although Indonesia is rich in natural resources, investors in recent years have shied away from development projects because of confusion over industry regulations as Jakarta grants more power to local governments. In one case, three years of haggling between Exxon-Mobil and Indonesian oil company Pertamina, now in the process of being privatized, has stalled the development of the massive Cepu oil field on the island of Java. The negotiations were dealt a serious blow in August, when Exxon-Mobil says it was informed by Pertamina that its contract to operate...
...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...
...barren steppe about the size of Western Europe was crippled with debt. Though desperately poor, Kazakhstan did have a wealth of oil and gas deposits that local firms had neither the technology nor the money to develop. Kazakhstan turned to Western companies for help, and firms like Chevron and Mobil moved in. When the Kashagan field was discovered in 2000, the government invited BG to form a consortium with Eni, Royal Dutch/ Shell, ExxonMobil, Total, Conoco-Phillips and Inpex of Japan to exploit it. That was no easy task. In winter, the shallow waters of this part of the Caspian...
...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. Government...