Exxon Mobil

(Newser) - ExxonMobil and ConocoPhillips are bolting from lucrative operations in Venezuela in the wake of Hugo Chavez's demand that his state-run oil company receive at least a 60% share in projects. Talks over compensation fell apart hours before today's deadline to determine the future of four projects that produce as much...

(Newser) - Underneath the ground of Greenpoint, Brooklyn, is a dark blob of gasoline, solvents, and associated poisons that composes the biggest oil spill in US history.  It's accumulated from a century's worth of smaller leaks and waste dumping, reports New York magazine, and ExxonMobil has quietly accepted the blame, but...

(Newser) - U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive Iraqi sentiment. "They have...