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The Exxon Valdez oil spill was the second largest in U.S. history, and in the aftermath of the Exxon Valdez incident, the U.S. Congress passed the Oil Pollution Act of 1990. An initial award of US$5 billion punitive was reduced to $507.5 million by the US Supreme Court in June 2008, [ 59 ] and distributions of this award commenced in 2008.
ExxonMobil Corporation [a] ( / ˌɛksɒnˈmoʊbəl / EK-son-MOH-bəl; commonly shortened to Exxon [5] [6] [7]) is an American multinational oil and gas corporation and the largest direct descendant of John D. Rockefeller 's Standard Oil. The company, which took its present name in 1999 per the merger of Exxon and Mobil, is vertically integrated ...
esso.com. Esso ( / ˈɛsoʊ /) is a trading name for ExxonMobil. Originally, the name was primarily used by its predecessor Standard Oil of New Jersey after the breakup of the original Standard Oil company in 1911. [1] The company adopted the name "Esso" (the phonetic pronunciation of Standard Oil's initials, ' S ' and ' O '), [2] to which the ...
Despite constant attempts by analysts and the media to complicate the basics of investing, there are really only three ways a stock can create value for its shareholders: Dividends. Earnings growth.
Its price-to-earnings ratio of 10.8, which is within the range of its historical average. The dividend continues to grow and is already at an attractive level with a 3.3% yield.
Exxon Mobil ended last year at $61.19 per share but as of March 22, it was already up to $81.29. That implies that XOM stock is already up 33% year-to-date (YTD), a stellar perfo
Lee Roy Raymond (born August 13, 1938) is an American businessman and was the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and served as president from 1987 and a director beginning in 1984. While at Exxon, Raymond was one of the ...
Last February, the stock market had a sharp correction from fears of runaway interest rates. In addition to the February market-wide fears, Exxon Mobil (NYSE:XOM) stock had its own reasons to fall ...
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