Big Oil Raked in Billions as Consumers Paid Record Gas Prices

Tracy Bloom / Truthdig Feb 4, 2013 While you were paying record prices at the pump in 2012, the cash was flowing to oil companies such as Exxon Mobil and Chevron, according to recently released earning reports. Dig deeper ( 1 Min. Read )

Russia and Exxon Mobil Sign Arctic Oil Deal

Staff / Truthdig May 25, 2012 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. Dig deeper ( 1 Min. Read )

It’s Industry Over Environment in New ‘Bioeconomy Blueprint’

Staff / Truthdig Apr 27, 2012 Critics say a new White House-sponsored program aimed at encouraging the development of “green solutions" to energy and manufacturing problems is a green light for corporate giants like Exxon Mobil, BP, Chevron, Monsanto and Dow to develop the “bioscience” industry without government oversight. Dig deeper ( 2 Min. Read )

The Great Carbon Bubble

By Bill McKibben, TomDispatch Feb 8, 2012 If we could see the world with a particularly illuminating set of spectacles, one of its most prominent features at the moment would be a giant carbon bubble, whose bursting someday will make the housing bubble of 2007 look like a lark.At the moment, one of the world's most prominent features is a giant carbon bubble, whose bursting someday will make the housing bubble of 2007 look like a lark. Dig deeper ( 6 Min. Read )

Exxon Posts Enormous Profits

Staff / Truthdig Apr 29, 2011 While a host of social welfare programs sit on the congressional chopping block, Exxon Mobil pulled in a near-record first-quarter profit of $10.65 billion. Dig deeper ( 1 Min. Read )

Lessons of the Exxon Valdez

Amy Goodman / Truthdig Mar 25, 2009 Twenty years ago, the Exxon Valdez supertanker spilled at least 11 million gallons of oil into Alaska's pristine Prince William Sound. The consequences of the spill were epic and continue to this day, impacting the environment and the economy. Dig deeper ( 3 Min. Read )

Exxon Ignoble

Staff / Truthdig Jan 30, 2009 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. Dig deeper ( 1 Min. Read )

The ‘Have-Oils’ and the Have-Nots

Staff / Truthdig Aug 3, 2008 Skyrocketing oil and natural gas prices in the second quarter of this year led ExxonMobil to report the highest profit ever by an American company. Despite falling production and rising operating costs, Exxon brought in $138 billion in revenue and reported an astounding net income of $11.7 billion. Who else is profiting? Dig deeper ( 1 Min. Read )

What Else Is New? Economy Slumps, Oil Profits Surge

Staff / Truthdig Aug 1, 2008 Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, the Commerce Department has announced, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter ever. In fact, reports the NYT, "It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute." Dig deeper ( 1 Min. Read )

Happy Oil Dependence Day

Robert Scheer / Truthdig Jul 2, 2008 As we head into the Fourth of July weekend of patriotic bluster and beer swilling -- but before we are too besotted with ourselves -- might we also for once consider our imperfections? Why not take a moment to heed the cautions of our founding father, George Washington, whose true legacy will most likely be ignored during the flag-waving weekend? Dig deeper ( 3 Min. Read )

Supreme Court Slashes Exxon Valdez Penalty

Staff / Truthdig Jun 26, 2008 Nineteen years ago, the Exxon Valdez supertanker struck a reef in Alaska, causing an environmental catastrophe so devastating its impact continues to be felt. A court later slapped Exxon with $5 billion in punitive damages, but on Wednesday the Supreme Court ruled that the oil giant shouldn't have to pay more than about a tenth of that amount. Dig deeper ( 1 Min. Read )

War Memorial

Mike Luckovich / Truthdig Jun 23, 2008 Dig deeper