ExxonMobil/Exxon Mobil Corporation
- Homepage: http://www.exxonmobil.com/
October 2007: "ExxonMobil is the world’s largest publicly traded international oil and gas company. We hold an industry-leading inventory of global oil and gas resources. We are the world’s largest refiner and marketer of petroleum products. And our chemical company ranks among the world’s largest. But we are also a technology company, applying science and innovation to find better, safer and cleaner ways to deliver the energy the world needs."http://www.exxonmobil.com/Corporate/about_who.aspx
November 2001: "Formed by the combination of two high-caliber organizations, Exxon and Mobil, the company is an industry leader in almost every aspect of the petroleum and petrochemicals business." http://www.exxonmobil.com/about/index.html
June 2011: "The better argument against the pay-ratio disclosure is that there’s not much more that can be learned from such disclosures. We already know from numerous studies that chief executives of large U.S. corporations make hundreds of times what an average worker makes, with the gap growing steadily wider. We also know it’s possible to run successful advanced market economies with large corporations where the ratio is 25-1 (Britain), 13-1 (Sweden), 11-1 (Germany) and 10-1 (Japan). Whether the ratio at Exxon-Mobil last year was 320-to-1 or 276-to-1 seems rather beside the point."http://www.washingtonpost.com/business/economy/steven-pearlstein-why-theyre-winning-on-ceo-pay/2011/06/20/AGTuiljH_story.html
September 2011: "DENVER — This summer, an Exxon Mobil pipeline carrying oil across Montana burst suddenly, soiling the swollen Yellowstone River with an estimated 42,000 gallons of crude just weeks after a company inspection and federal review had found nothing seriously wrong."http://www.nytimes.com/2011/09/10/business/energy-environment/agency-struggles-to-safeguard-pipeline-system.html
June 2010: "Prosecutors must examine all witness statements, internal documents and any physical evidence that remains after the explosion. But if the news articles are accurate, the Justice Department should bring criminal charges against BP, and possibly Transocean and Halliburton, for violations of the Clean Water Act, the Migratory Bird Treaty Act and the Refuse Act — the same charges brought in the Exxon Valdez case. Exxon ultimately paid a criminal fine of $125 million, the largest ever for an environmental crime."http://www.nytimes.com/2010/06/04/opinion/04uhlmann.html
May 2010: "The data collected will likely form the basis for penalties against BP relating to the Migratory Bird Treaty Act. In the case of the Exxon Valdez spill, Exxon was fined more than $100 million, partly for violations of that federal law."http://www.nytimes.com/2010/05/21/science/earth/21conflict.html
May 2010: "The industry standard for safety, analysts say, is set by Exxon Mobil, which displays an obsessive attention to detail, monitors the smallest spill and imposes scripted procedures on managers."http://www.nytimes.com/2010/05/09/business/09bp.html
August 2009: "Lawyers for New York City are trying to convince a jury in a federal trial that Exxon Mobil knew that an additive that it used in gasoline would contaminate groundwater."http://www.nytimes.com/2009/08/07/science/earth/07exxon.html
April 2009: "The coalition disbanded in 2002, but some members, including the National Association of Manufacturers and the American Petroleum Institute, continue to lobby against any law or treaty that would sharply curb emissions. Others, like Exxon Mobil, now recognize a human contribution to global warming and have largely dropped financial support to groups challenging the science."http://www.nytimes.com/2009/04/24/science/earth/24deny.html
May 2009: 'What’s more, your local Chevron station may sell gas refined by Shell or Exxon Mobil. Suppliers share pipelines, so they all use the same fuel. And the difference between the most expensive brand-name gas and the lowliest gallon of no-brand fuel? Often just a quart of detergent added to an 8,000-gallon tanker truck. 4. “If you’re smart, you’ll put that debit card away . . .”'http://feeds.smartmoney.com/~r/smartmoney/headlines/~3/WHxwIK0AZvI/
July 2008: "Typically, it has been companies like Exxon Mobil in a dispute with Venezuela, or individuals like Cuban exiles against the island’s communist government, that have turned to American law to enforce their rights in international disputes. In the Venezuela case, Exxon sued in United States, British and Dutch courts."http://www.nytimes.com/2008/07/04/business/worldbusiness/04bony.html
October 2007: "A divided federal appeals court ruled yesterday that a human rights lawsuit filed against 50 major corporations that did business in South Africa under apartheid should be revived and reconsidered by the lower court that dismissed it.... The plaintiffs sued the corporations — among them Citigroup, General Electric, E. I. DuPont de Nemours, I.B.M., General Motors, Shell Oil and ExxonMobil — under the Alien Tort Claims Act..."http://www.nytimes.com/2007/10/13/us/13apartheid.html
August 2007: In general, changes to a Wikipedia page cannot be traced to an individual, only to the owner of a particular network. In 2004, someone using a computer at ExxonMobil made substantial changes to a description of the 1989 Exxon Valdez oil spill in Alaska, playing down its impact on the area’s wildlife and casting a positive light on compensation payments the company had made to victims of the spill.http://www.nytimes.com/2007/08/19/technology/19wikipedia.html
June 2007: But on May 23, the Ninth Circuit Court upheld a $2.5 billion punitive damages judgment against ExxonMobil, which originally had been set at $5 billion by a federal jury in 1994.http://www.csmonitor.com/2007/0604/p03s03-usgn.html
January 2007: Although Dezenhall declines to comment on Skilling and his other clients, his firm, Dezenhall Resources, was also reported by Business Week to have used money from oil giant ExxonMobil to criticize the environmental group Greenpeace.http://www.nature.com/news/2007/070122/full/445347a.html
April 2006: Exxon Mobil Corp. reported $8.4 billion in first-quarter profit yesterday, as members of Congress outraged over high gasoline prices hastened to propose measures that would boost taxes on oil firms, open new areas to drilling and provide rebates to taxpayers but would not necessarily alter prices at the pumps.http://www.washingtonpost.com/wp-dyn/content/article/2006/04/27/AR2006042700534.html
January 2006: ...in Alabama, a jury ruled in 2003 that Exxon had cheated on $63.6 million worth of royalties from gas wells in state-owned waters. The jury awarded $11.9 billion in punitive damages, which a judge later reduced to $3.5 billion. Exxon disputes the charges and is appealing the verdict.http://www.nytimes.com/2006/01/23/politics/23leases.html
November 2005: The document, obtained this week by The Washington Post, shows that officials from Exxon Mobil Corp., Conoco (before its merger with Phillips), Shell Oil Co. and BP America Inc. met in the White House complex with the Cheney aides who were developing a national energy policy, parts of which became law and parts of which are still being debated.http://www.washingtonpost.com/wp-dyn/content/article/2005/11/15/AR2005111501842.html
Role Name Type Last Updated Cooperation (past or present) Arco Organization Sep 23, 2005 Status/Name Change from Standard Oil Company Organization Oct 6, 2007 Organization Head/Leader (past or present) Lee R. Raymond Person Nov 16, 2005 Organization Head/Leader (past or present) Rex W. Tillerson Person Mar 31, 2013
Articles and Resources
Date Fairness.com Resource Read it at: Sep 09, 2011 Pipeline Spills Put Safeguards Under Scrutiny
QUOTE: The little-known federal agency charged with monitoring the system and enforcing safety measures — the Pipeline and Hazardous Materials Safety Administration — is chronically short of inspectors and lacks the resources needed to hire more, leaving too much of the regulatory control in the hands of pipeline operators themselves...
New York Times Jul 06, 2011 We Knew They Got Raises. But This?
QUOTE: examination of executive pay in 2010...the median pay for top executives at 200 big companies last year was $10.8 million. That works out to a 23 percent gain from 2009.
New York Times Jun 24, 2011 Why they’re winning on CEO pay
QUOTE: two law school professors, Lucian Bebchuk and Jesse Fried at Harvard, who unlike most finance professors understand that the market for executive compensation is essentially rigged....the firms with high CEO pay turn out not to be the best performers.
Washington Post Jun 03, 2010 Prosecuting Crimes Against the Earth
QUOTE: Criminal prosecution cannot restore the gulf or end the suffering of the people who live along its shores. But it could ensure just punishment. And it would make it more likely that the companies involved would pay all claims for damage to the gulf coast, because the $75 million cap on liability, set by the Oil Pollution Act of 1990, does not apply in criminal cases.
New York Times May 20, 2010 Conflict of Interest Worries Raised in Spill Tests
QUOTE: Hundreds of millions of dollars are at stake, since those readings [taken by local environmental officials--Ed.] will be used by the federal government and courts to establish liability claims against BP. But the laboratory that officials have chosen to process virtually all of the samples is part of an oil and gas services company in Texas that counts oil firms, including BP, among its biggest clients.
New York Times May 08, 2010 For BP, a History of Spills and Safety Lapses
QUOTE: After BP’s Texas City, Tex., refinery blew up in 2005...The next year, when a badly maintained oil pipeline ruptured and spilled 200,000 gallons of crude oil over Alaska’s North Slope...Despite those repeated promises to reform, BP continues to lag other oil companies when it comes to safety...
New York Times Nov 16, 2009 Taint of Corruption Is No Barrier to U.S. Visa
QUOTE: former and current State Department officials said Equatorial Guinea’s close ties to the American oil industry were the reason for the lax enforcement of the law [baring official Teodoro Nguema Obiang from entering the U.S,. to his mansion].
New York Times Aug 06, 2009 City Says Exxon Is Liable for Tainted Well Water in Queens
QUOTE: Lawyers for New York City are trying to convince a jury in a federal trial that Exxon Mobil knew that an additive that it used in gasoline would contaminate groundwater.
New York Times Aug 05, 2009 Responsible Twittering: The company's security issues are well-known, but users also need to be more responsible about what they tweet.
QUOTE: While this [network hacking] highlights the risks associated with applications in the cloud, it isn't the only security risk associated with Twitter. In addition there are risks with people spoofing other identities, risks of people disclosing sensitive data and people creating risks by talking about some of their activities.
Forbes May 22, 2009 10 Things Gas Stations Won't Tell You
QUOTE: 1. “Good luck finding the best deal"....2. “I hate it when gas prices go up”....3. “My gas isn’t better for your car; it’s just more expensive”.... 5. “. . . and don’t even consider applying for our gas card.”
Smart Money Apr 23, 2009 Industry Ignored Its Scientists on Climate
QUOTE: For more than a decade the Global Climate Coalition, a group representing industries with profits tied to fossil fuels, led an aggressive lobbying and public relations campaign against the idea that emissions of heat-trapping gases could lead to global warming.... even as the coalition worked to sway opinion, its own scientific and technical experts were advising that the science backing the role of greenhouse gases in global warming could not be refuted.
New York Times Jul 04, 2008 Lawyers Press Russian Case Against a U.S. Bank
QUOTE: A team of American trial lawyers sharpened their arguments Thursday that the Bank of New York Mellon should be held civilly liable for $22.5 billion in damages under United States law for a money-laundering scandal in the late 1990s that helped undermine the Russian economy.
New York Times Jun 02, 2008 Betting on Big Verdicts: Bethesda Firm's Cash Advances Come With High Risks
QUOTE: A Bethesda firm is entering a high-stakes business in which it buys a portion of the rights to civil lawsuits before the victim has collected a dime. Stone Street Capital's high-risk play can pay off big if it successfully bets on fat court settlements. But it can backfire if it advances money for a lawsuit that gets reversed or never pays. In that case, the plaintiff keeps the advance and Stone Street gets nothing.
Washington Post May 28, 2008 Exxon Chief Defeats Challenge
QUOTE: The vote was nonbinding and would not have guaranteed a change in company policies had it passed. But by defeating the challenge, which was supported this year by many members of the Rockefeller family, Mr. Tillerson avoided a serious rebuke to his authority to run the world’s largest independent oil company.
New York Times May 13, 2008 Supreme Court Won’t Hear Apartheid Lawsuit
QUOTE: [Supreme Court] announced that, because of some 21st-century conflicts of interest, it was unable to consider a lawsuit based on an 18th-century law and involving the bygone 20th-century apartheid era in South Africa.
New York Times Feb 12, 2008 Ethics Must Be Global, Not Local
QUOTE: To build a truly great, global business, business leaders need to adopt a global standard of ethical practices.
BusinessWeek Oct 13, 2007 Rights Case Against 50 Companies Is Reinstated
QUOTE: A divided federal appeals court ruled yesterday that a human rights lawsuit filed against 50 major corporations that did business in South Africa under apartheid should be revived and reconsidered by the lower court that dismissed it.
New York Times Aug 18, 2007 Lifting Corporate Fingerprints From the Editing of Wikipedia
QUOTE: Since Wired News first wrote about WikiScanner last week, Internet users have spotted plenty of interesting changes to Wikipedia by people at nonprofit groups and government entities like the Central Intelligence Agency. Many of the most obviously self-interested edits have come from corporate networks.
New York Times Jun 04, 2007 Years later, Valdez's stain remains: ExxonMobil's legal battle rages 18 years after the oil spill, as the case is likely headed to the Supreme Court.
QUOTE: The Ninth US Circuit Court of Appeals recently upheld a $2.5 billion punitive damages judgment against ExxonMobil, which means the US Supreme Court is likely to settle the case. Meanwhile, not all animal species have fully recovered from what was the largest oil spill in US history, and more than 30,000 people affected by the spill are still waiting for what they call adequate compensation.
Christian Science Monitor Feb 13, 2007 You Might Be Surprised by What's in Your ETF
QUOTE: ETF firms — desperate to distinguish themselves in a crowded marketplace — have resorted to designing new products around exotic and unproven indexes. It's a potentially dangerous trend, especially for the ill-informed investor.
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