Word: exxonmobil
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Dates: during 2000-2009
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Goodman isn't alone. Chávez is determined to curtail U.S. and foreign influence in Latin America. He has panicked already bug-eyed energy markets this year by raising taxes and royalties on Venezuelan oil piped by what he calls scofflaw foreign oil firms, including U.S. giants like ExxonMobil. He's insisting that they convert their drilling contracts into joint ventures that give the government a majority stake...
...bets. African tribal masks and art adorn the lobby and a 6-ft.-high, full-color topographical map of the African continent dominates one wall. Van Dyke has spent more than $100 million looking for oil in his West African patch, and early results were promising enough that ExxonMobil, Shell, Unocal and France's Total have signed up as partners...
...global maker of food products, ended 2004 with a pension deficit of $1.5 billion. The company's pension plans held enough assets to cover 69.8% of promised retirement pay. Ford Motor Co.'s deficit came in at $12.3 billion. It could write retirement checks for 83% of money owed. ExxonMobil Corp. was down $11.5 billion, with enough money to issue retirement checks covering 61% of promised benefits. Exxon had extracted $1.6 billion from its pension plans in 1986 because they were deemed overfunded. The company explained then that "our shareholders would be better served" that...
...been predicting peak oil before 2007, but in an era of cheap oil, few people listened. Lately, several major oil companies seem to have got the message. One of Chevron's ads says the world is currently burning 2 bbl. of oil for every barrel of new oil discovered. ExxonMobil says 1987 was the last year that we found more oil worldwide than we burned. Shell reports that it will expand its Canadian oil-sands operations but elsewhere will focus on finding natural gas and not oil. It sounds as though Shell is kissing the oil business goodbye. M. King...
Inside the ExxonMobil refinery offices he commandeered after Hurricane Katrina, where temporary telephone wires dangle from the ceiling alongside sticky yellow flytraps dotted with dead flies and mosquitoes, Henry (Junior) Rodriguez is deliberating on the future of devastated St. Bernard Parish, east of New Orleans. As he downs a bag of chocolates that constitutes dinner, his considerable paunch on display, the parish president rehearses his upcoming appeal to Congress: with no taxpayers and no businesses, St. Bernard has money for just one month's payroll. Rodriguez wants help from Washington--or else. "Do people realize we produce...