CEO Rex Tillerson

NEW YORK (MarketWatch) — A shareholder proposal to require Exxon Mobil Corp. to prepare a report on risks associated with hydraulic fracturing, also known as fracking, failed to pass Wednesday by a vote of 29% in favor and 70% opposed, according to preliminary results at the oil major’s annual meeting. The results were roughly in line with the vote on a similar resolution last year, which failed by a vote of 28% in favor and 72% opposed. Market Pulse Stories are Rapid-fire, short news bursts...Read Full Story

DALLAS (Business News) - Shareholders threw more support behind Exxon Mobil Corp's (XOM.N) executive compensation package following the world's largest publicly traded oil company's effort to seek more input on the matter. Exxon has been more responsive to investor concerns about pay and its dividend in recent months. The company held a call with investors earlier this month to discussRead Full Story

Exxon Mobil is studying the possibility of exporting natural gas from the U.S. Gulf Coast and Canada, Chief Executive Rex Tillerson said.Read Full Story

Exxon Mobil's CEO had a good year in 2011 — compensation valued at $25.2 million. Shareholders did as well, and they're supporting the oil giant's pay program.Read Full Story

ERBIL, May 26 (AKnews)- The US Exxon Mobil Corporation is still operating in the Kurdistan Region oil fields, said Kurdistan minister for natural resources. Ashti Hawrami’s statement came in response to a remark by Iraqi Oil Minister Abdul-Kareem al-Luaibi who told Arabic Sabah newspaper today that the US company has suspended its work in Kurdistan [...]Read Full Story

Exxon Mobil Corp., the largest company in the world by market revenue, said Monday that it is cleaning up oil that spilled from a company pipeline in rural Louisiana, Dow Jones reports. The company says the pipeline was shut down Saturday night after a loss of pressure. About 80,000 gallons were lost. No injuries have been reported. The company doesn’t yet know what caused the pipeline to break. “ExxonMobil Pipeline Company regrets that this spill has occurred and we apologize for any...Read Full Story

London (Reuters) – When Exxon boss Rex Tillerson walked into a meeting with the President of Ghana on the sidelines of the United Nations General Assembly, he thought he was set to strike a deal with an important new oil producing nation. Instead Tillerson – who had flown into town aboard an executive jet bigger than those used by many heads of state – was rebuffed by an irritated John Atta Mills, who had expected to be wooed rather than given a tough contract to rubber-stamp. … Read the...Read Full Story

Exxon Mobil Corp. (XOM) said Wednesday that the North Line crude pipeline remains shut down. The Baton Rouge refinery, the nation's third largest, is one of five refineries supplied by the 160,000 bpd North Line pipeline, which was shut late Saturday by a 1,900-barrel leak near Torbert, ...Read Full Story

Exxon Mobil Corporation (NYSE: XOM) or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller’s Standard Oilcompany,[3] and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas. It is affiliated with Imperial Oil which operates in Canada. ExxonMobil is one of the largest publicly traded companies by market capitalization in the world, having been [...]Read Full Story

(Reuters) – Exxon Mobil Corp’s chief executive earned 20 percent more in 2011 than the year before, and the company said it saw no reason to change its pay practices, as had been urged by some investors. Chief Executive Rex Tillerson received $34.9 million in total compensation, up from $29 million in 2010, Exxon said in a proxy statement filed with regulators on Thursday. The CEO of U.S. rival Chevron Corp, John Watson, collected a total of $24.7 million in 2011, his second year in the job...Read Full Story