Word: mobilizers
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Dates: during 2000-2009
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...COMPANIES DRILL MORE WELLS? Oil and gas companies are flush with profits, so they could afford it. Exxon Mobil alone earned nearly $10 billion in the third quarter, a record for any U.S. firm. But companies seem more inclined to buy one another's assets and invest in proven reserves than go hunting for new sources. Conoco Phillips recently bid $35.6 billion for Burlington Resources, one of the world's largest natural-gas producers. In the contiguous 48 states, easily accessible fields are running full tilt. "We've had great success finding new reserves, but these are unconventional sources...
...billion Exxon Mobil's net earnings last quarter, up 75% over the same period last year...
...their fuel bills. Shares of UAL, the parent of United Airlines, have gone up 12.5%, to 49 1/2. At the same time, oil-company stocks have been lagging behind the rest of the market. Amoco shares have slipped from a high of 70 1/4 to 62 1/4, and Mobil's stock has dropped from a peakof...
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...