It was an excellent week for the petroleum giant Exxon Mobil Corporation (NYSE:XOM), as it won $1.6 billion in settlement claims against the Venezuela Government for seizing its assets back in 2007. ICSID, International Centre for Settlement of Investment Disputes, announced its judgement in favor of the company for its investment in the Cerro Negro…
Exxon Mobil Corporation (XOM), The Coca-Cola Company (KO), Colgate-Palmolive Company (CL): Top 3 Stock Holdings of Paragon Capital Management Ltd
Paragon Capital Management Ltd has a 13F portfolio of $143 million with its primary focus in the finance industry, as per its recent SEC 13F filing. Alexander N. Feick is the managing director of Paragon Capital Management Ltd with Exxon Mobil Corporation (NYSE:XOM), The Coca-Cola Company (NYSE:KO), Colgate-Palmolive Company (NYSE:CL) as the top three holdings of the…
Exxon Mobil Corporation (XOM) and Russia Owned Rosneft Strike Oil in the Arctic Area
The well that brought in a lot of controversies could become one of the world’s most important crude oil deposits after Russia announced that the drilling by Exxon Mobil Corporation (NYSE:XOM) and Rosneft struck oil. The Kara Sea well becomes the most costly in Russian history. Several environmentalists have campaigned for the halt of the…
Exxon Mobil Corporation (XOM) Forced to Cease Oil Drilling Project in the Russian Arctic
The Texas based Oil Company, Exxon Mobil Corporation (NYSE:XOM), issued a statement saying that the U.S. government had issued them with an extension license allowing them to wind up drilling in the Russian arctic. Their operations now have to come to a halt after the U.S government issued sanctions on Russia due to their interventions…
Could Exxon Mobil Corporation (XOM) Be Exiting California Because of Stringent Environmental Rules?
Exxon Mobil Corporation (NYSE:XOM) is rumored to have finally given in to the strict and tough laws that have had refineries packing and living the state. The tough environmental laws have over time had big oil companies leave the State, and now Exxon Mobil Corporation might be the next in line to throw in the…
AT&T Inc. (T), Verizon Communications Inc. (VZ), and Exxon Mobil Corporation (XOM) Emerge Top on Corporate Spending
In a report released on Wednesday by Progressive Policy Institute (PPI), three companies, AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM), have been ranked as the top corporate spenders. An article by USAtoday indicates that AT&T Inc. (NYSE:T) spent $20.6 billion, topping the list for a third consecutive year. Verizon Communications…
Exxon Mobil Corporation (XOM) Started Drilling in Russia’s Arctic with Rosneft
Exxon Mobil Corporation (NYSE:XOM) started drilling in Russia’s Arctic with its Russian partner Rosneft on Saturday. The Russian President, Vladimir Putin, has appreciated the move and considered it as an excellent example of cooperation. According to Vladimir Putin, “Today, commercial success is driven by efficient international cooperation. Businesses, including Russian and foreign companies, perfectly realize…
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