exxon mobil corp (XOM) Key Developments
Exxon Mobil Pipeline Co. and Mobil Pipe Line Co. to Pay $5 Million in Penalties for Pegasus Pipeline Oil Spill in Arkansas
Apr 22 15
Exxon Mobil Pipeline Co. and Mobil Pipe Line Co. have agreed to pay a $5.07 million civil penalty to settle alleged violations of the Clean Water Act and Arkansas state environmental laws in connection with a 2013 crude oil spill from the Pegasus Pipeline in Mayflower, Arkansas. Under the agreement, Exxon agreed to fund an environmental project and implement corrective measures. The agency said that Exxon agreed to pay $3.19 million in federal civil penalties and to address pipeline safety issuers and its oil spill response capabilities. Also, Exxon will pay $1 million in state civil penalties and $600,000 for a project to improve water quality at Lake Conway and $280,000 to the Arkansas Attorney General's office to cover the state's litigation costs.
Anadarko Considering Sale Of Mozambique Gas Assets To Exxon Or Qatar Petroleum
Apr 17 15
Anadarko Petroleum Corporation (NYSE:APC) might be selling its remaining 26.5% stake in Mozambique's offshore Area 1 license to either Exxon Mobil Corporation (NYSE:XOM) or Qatar Petroleum. An Exxon Mobil spokesman said, "We never comment on speculation or potential business opportunities."
Anadarko said it does not comment on market speculation. Qatar Petroleum, which is itself consolidating after the plunge in oil prices, did not respond to Reuters requests for comment.
Exxon Reportedly Front-Runner For Anadarko's Mozambique Gas Assets
Apr 17 15
Anadarko Petroleum Corporation (NYSE:APC) is considering selling its stake in Mozambique's gas reserves, sources told. Exxon Mobil Corporation (NYSE:XOM) appears to be the front-runner, though Qatar Petroleum is another likely contender. Royal Dutch Shell plc (ENXTAM:RDSA) has reportedly dropped out after announcing another acquisition.
Exxon Mobil May Be Interested In Hess
Apr 10 15
Exxon Mobil Corporation (NYSE:XOM) may reportedly be interested in Hess Corporation (NYSE:HES).
Exxon Mobil Corp Rejects Beaumont Refinery Union Proposal and Offers Six-Year Pact
Apr 9 15
Exxon Mobil Corp. has rejected a contract offer from the United Steelworkers (USW) local chapter representing hourly workers at the company's Beaumont, Texas, refinery and renewed its offer of a six-year contract. Exxon has been campaigning for a longer agreement with the Beaumont workforce, offering first a five-year agreement and then a six-year pact. Exxon wants a longer pact to avoid work stoppages if it expands the 344,600-barrel-per-day-capacity Beaumont refinery into the nation's largest, possibly reaching 850,000 bpd by the end of the decade. On March 17, USW local 13-243 had offered the current four-year national refinery and chemical plant workers contract plus the next contract to be negotiated in 2019 without a work stoppage. The agreement would cover at least seven years. Exxon put the six-year proposal on the negotiating table again on April 8, 2015.