Word: exxonmobil
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...biggest jump, from No. 51 to No. 37. "CEO Alan Mulally has been out in public making long-term decisions: not taking bailout money, having a vision," says Fronk. "It's a different story going on at Ford than at some of their competitors." Other big gainers included ExxonMobil, Pepsi, Costco, the Home Depot and Southwest Airlines. Among the companies falling the fastest in the rankings were Bank of America, Verizon, Sony, Target and Time Warner (the parent company of TIME). (See which businesses are bucking the recession...
...Libya's isolation from the West. Trade embargoes and an air blockade that had sealed most Libyans from the outside world for decades were lifted. In late 2008 the U.S. confirmed its first ambassador to Tripoli since 1972. More than 100 oil companies, including U.S. majors like Chevron and ExxonMobil, and European giants such as BP and Royal Dutch Shell, arrived to tap Libya's vast oil reserves, betting that the country would become an energy powerhouse. Construction crews now bang and clatter across Tripoli, building apartment and office towers, Western hotels (InterContinental, Starwood and Marriott are all working...
...prove how seriously he takes the issue, Jonathan's second action (after sacking the justice minister, who had campaigned most noisily against his promotion) was to call a meeting with the oil majors in Nigeria. The peace process was his top priority, he told executives from Chevron, ExxonMobil and Royal Dutch Shell. The rebels have already responded. On Feb. 12, MEND commander Mack Anthony told TIME he had declared a new 90-day ceasefire...
...after more than 4,600 Americans and tens of thousands of Iraqis have been killed - Iraq's natural resources are only now emerging as spoils of war. As U.S. troops prepare to withdraw from the country next year, some of the world's biggest energy companies, among them ExxonMobil and Royal Dutch Shell, are racing to lock up multibillion-dollar deals with officials in Baghdad that will allow them to exploit the country's giant oil fields. The deals will not only allow Big Oil to return to Iraq for the first time since Saddam nationalized the industry...
...flew to Baghdad to sign a deal on Zubair, a southern Iraq field with about 4.1 billion barrels of reserves. ENI plans to pump about 1.1 million barrels a day from Zubair in partnership with California-based Occidental Petroleum and South Korea's Kogas. ENI was quickly followed by ExxonMobil and Royal Dutch Shell, which agreed to produce about 2.3 million barrels a day in another giant field called West Qurna. Combined with BP-CNPC's anticipated output from Rumaila, "those three fields alone would be about 6% of total oil production in the world" when output targets are reached...