Items Tagged With XOM

Now, I don't know all the details behind the negotiations that made Chevron (CVX $83.03), BP (BP - $70.35) and Statoil (STO - $29.29) stay and Exxon (XOM $82.25) and Conoco (COP $76.67) walk away, but I'm going to hold my Conoco, BP, Statoil and Chevron and I'm still not going to buy Exxon. 

As for this forced negotiation/nationalization changing oil prices, I don't think it will.  The oil will still come out of the ground, and unless Chavez completely loses his mind and starts to really squeeze his foreign oil partners to the point where they all back out, I don't see production really falling. 

Exxon (XOM) gets slammed in a report by the Union of Concerned Scientists for disinformation campaign knowledge.  See Reuters Article

 In Exxon's response they admit,   "While there is more to learn on climate science, what is clear today is that greenhouse gas emissions are one of the factors that contribute to climate change, and that the use of fossil fuels is a major source of these emissions. "