Word: exxonmobil
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...government continues to dither when it comes to attracting businesses that could help create many new jobs. ExxonMobil has been forced to delay an investment of up to $3 billion in a massive new oil field off the coast of Java. The problem: protracted negotiations with the government and with Indonesian oil company Pertamina, which is being privatized, over revenue sharing and the length of ExxonMobil's contract. In addition, tough labor laws, which among other things make it difficult for companies to lay off workers, discourage hiring at a time when more than 9 million Indonesians are unemployed...
...ACSR threw unanimous support behind a proposal that oil giant ExxonMobil “review its policies related to human rights,” and the CCSR followed suit with a vote in favor of the measure...
...CCSR and ACSR both agreed to support proposals at Dover, J.C. Penney, ExxonMobil and Centerpoint Energy adding the category of sexual orientation to the non-discrimination policies of those companies...
...ExxonMobil's reigning chief, Lee Raymond, 65, has extended his stay on the job ostensibly to handle fallout from the 1999 merger that created the $230 billion behemoth. But in recent months the Irving, Texas, company has been giving Tillerson and fellow senior V.P. Ed Galante, the man responsible for refining and marketing, more face time with Wall Street. Oppenheimer & Co. analyst Fadel Gheit suggests Tillerson may prevail: "The company's future is predicated on success in oil and gas exploration and production...
Tillerson plays a key role in ExxonMobil's efforts to find new fields, especially in Russia, where he is well connected to officialdom, all the way up to President Vladimir Putin. If he can grab a greater presence there, he will help assure the company's future--and maybe his own. --By Cathy Booth Thomas/Dallas