But Exxon's makes the bulk of its profit by producing oil and natural gas.
But Exxon Mobil is learning a different lesson: Don't get sued in Alabama--its legal system is annoying.
But Exxon, riding periodic oil price surges, racks up some nice growth itself every now and then.
Conoco and Chevron both confirmed that their companies were at the meeting in New York, but Exxon Mobil had no immediate comment.
But Exxon Mobil says its lease allowed it to deduct production costs and exclude natural gas used as part of the production process before it calculated the royalties.
But the Exxon scenario is really the norm, according to the Cornerstone data, as outcomes more often involve governance changes than pecuniary awards.
The field is co-owned by Esso, a subsidiary of US oil firm Exxon but operated by Shell.
However, no one expected downstream to carry the quarter for Exxon but it does speak to just how strong its upstream performance actually turned out to be.
Chevron offers a slightly better payout than Exxon, but lags Houston-based ConocoPhillips.
As a stock, Hess has done okay over the past 12 months, returning about as much as Exxon Mobil but underperforming other integrated names like Chevron.
But the largest oil companies like Exxon and Chevron, which have billions in cash, are well suited to weather the downturn.
Oil properties like Exxon and Chevron outperformed, but Schlumberger, the leading oil service operator had a dismal year, off 18 percent.
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Not only can active Exxon Mobil employees take part, but company retirees, spouses, dependent children, and even surviving spouses of deceased employees and retirees are all eligible.
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Schlumberger -- There's a lot of oil-rich nations that refuse to work with Exxon Mobil and Royal Dutch Shell but rely on the technical expertise of Schlumberger for seismic surveys, well drilling, completion and maintenance.
Because of the oil crisis, most of his peers went to work for big oil companies. (Langer himself received four offers from Exxon alone.) "But I thought I could make a bigger impact elsewhere, " he says.
But a group of government scientists reporting to the Exxon Valdez Trustee Council, a state and federal board that oversees restoration, have reached a different conclusion.
The hedge fund manager gave a talk on value traps to the audience at the Value Investing Congress, warning that companies like GameStop, Exxon Mobil and Vale may look cheap but will get a lot cheaper.
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The Exxon station did not have security cameras, but late Monday police released video they think shows the van driving by a nearby business.
But American oil firms are a different matter: as Exxon has shown, so long as you sit on colossal oil reserves, they will always be happy to do business.
You can blame Valero, but most other major oil companies like Conoco Phillips, Exxon Mobil, Chevron and BP utilize the same operating protocols during the winter months in order to meet summer demand. the exact same thing.
Exxon's oil refining business saw higher margins but this was offset by a 7.5% drop in oil and gas production.
One of the reasons Russia and Venezuela have turned to China is that other forms of capital are no longer available to them, not only because of the financial crisis, but because of their own recent expropriations of previous investments by Exxon, ConocoPhillips, and Statoil (in Venezuela's case) and BP and Shell (in Russia's).
But Apple offers the kind of growth prospects that the shareholders of Exxon Mobil and GE can only dream of.
But even if the Gulf spill never compares in size to the Exxon Valdez, it could have serious ecological repercussions if it makes landfall.
That well, at 33, 000 feet, set a record as the deepest ever in the gulf, but the high temperatures and pressures were too much to handle so Exxon called off the search and abandoned the well.
Exxon submitted a seven-point plan to clean the river, but the EPA rejected the draft as being insufficient.
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Incidents like the Gulf spill, or the Exxon Valdez disaster in Prince William Sound, Alaska, are horrific but rare.
But a 1990 amendment to the EPCA, passed in the wake of the Exxon Valdez oil spill, eased these requirements.
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Exxon shares were up only slightly, less than 1%, but the Vanguard Energy ETF (VDE) was trading up 1.16% just after the bell.
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