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What`s Happening to Exxon`s Cash? In the last year, the oil and gas Goliath shed $15 billion. Lucky shareholders. ForbesPrices at the pump decrease slightly Travelers across New Mexico will notice gasoline prices remained stable compared to last week - decreasing about a penny per gallon. Biz JournalMarathon Oil says first-quarter profit falls 61 percent on lower oil, gas prices Marathon Oil Corp. said Thursday its first-quarter profit fell 61 percent from a year ago as the company, like many competitors, saw results dive along with oil and natural gas prices. Topix.netExxon Mobil first-quarter profit falls 58 percent HOUSTON - Exxon Mobil says its first-quarter profit fell 58 percent as the world's biggest publicly traded oil company, like smaller rivals, encountered far lower year-over-year oil and gas prices. Topix.netExxon posts lowest profit in more than five years Exxon Mobil Corp., the world’s largest company by market value, said first-quarter profit fell for the first time since 2004 after the global recession sapped energy demand, pulling down oil and gasoline prices. Houston ChronicleExxon Mobil 1Q profit down 58 percent as lower crude, gas prices cut into earnings Exxon Mobil Corp. said Thursday its first-quarter profit fell 58 percent from a year ago as the world's biggest publicly traded oil company, like the rest of the industry, saw crude and gas prices fall precipitously. Topix.netOman Oil, Refinery JV online in Q4 2009 Aromatic Oman, a $1.6bn joint venture between Oman Oil Company, Oman Refinery Company LLC and LG International Corporation, is expected to start up the commercial production of its plants at the Sohar Industrial Port by the end of 2009. The facility will have the world?s largest grassroots PX plant with a capacity of 814,000 metric tonnes per annum (mtpa) and benzene capacity of 210,000 mtpa using naphtha feedstock sourced from the Sohar Refinery Company. The new plant will be commissioned either in July or August, with trial runs expected to be carried out until the end of November. [AMEInfo.com] AMEBP profit tumbles 62% on sliding oil prices British oil major BP on Tuesday reported a 62-percent slide in first-quarter net profits to 2.387 billion US dollars , as the price of crude halved. Topix.netVermont FIT Bill Passes Major Milestones On Earth Day the Vermont House of Representatives passed House Bill 446, the Vermont Energy Act of 2009. The bill includes changes to Vermont's Sustainably Priced Energy Enterprise Development Program (SPEED) that would implement a pilot feed-in tariff policy. Renewable Energy WorldHeating the Northeast with Renewable Biomass Roughly 30 percent of the energy used in the U.S. is thermal and a large majority of that heat comes from burning oil. While using renewables to generate electricity and solve transportation issues receives the lion's share of attention from policymakers, the organizers of the first 'Heating the Northeast with Renewable Biomass' conference that took place in Nashua, New Hampshire this week are hoping to change that. Renewable Energy World1 2 |
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