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exxon-mobil

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In a bid to remain the world’s top oil producer, Russia is partnering with Exxon Mobil and a number of other foreign oil companies to develop plans to get at reserves deep beneath the Arctic crust as early as 2020.

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Resilient and ultimately morally bankrupt, international oil darling Exxon Mobil has managed to take the 2008 medal for most profitable American corporation, despite a 33 percent fall in fourth-quarter earnings.

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On the heels of Exxon Mobil's record-setting $10-billion quarterly profit, the "federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years." It's nice being an oil baron when two oilmen head the government.

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