Exxon Mobil Corp.’s $600 million foray into creating motor fuels from algae may not succeed for at least another 25 years because of technical hurdles, Chairman and Chief Executive Officer Rex Tillerson said.
Occidental Petroleum Corp., whose former chief executive officer was the highest paid energy executive in 2009, reduced the compensation package for CEO Stephen Chazen 10 percent last year as shares fell.
Exxon Mobil Corp., the largest U.S. oil company, said state and federal governments will play an important role in the safe and efficient development of North American crude and natural-gas resources that are transforming the continent’s energy supplies.
For many in the U.S., the 10th anniversary of the invasion of Iraq has been an occasion for settling scores and playing “what-if” games with history. Iraqis don’t have that luxury -- as evidenced by the day’s wave of bombings and assassinations that left at least 50 dead.
Chambers of commerce representing companies such as Exxon Mobil Corp. and Kimberly-Clark Corp. are challenging Texas Governor Rick Perry and lawmakers to expand health care for the poor in the state with the highest percentage of uninsured people.
Exxon Mobil Corp.’s coup in securing access to OAO Rosneft’s Arctic oil frontier is the culmination of almost 15 years of effort by Chief Executive Officer Rex Tillerson to expand its position in Russia.