The stock is trading at $60 a share — about where it was during the March 2009 market low. Even as oil has rebounded to $74 from $40 at that time, ExxonMobil languishes. That could soon change.
Continue readin…
No one died in the second major Gulf of Mexico oil rig mishap this year, and the fire aboard the Mariner Energy platform didn’t lead to a spill. But that doesn’t make it a win for America: More like a wake-up call that safety i…
A report by BP (BP) says that “multiple companies and work teams” are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean.
“It is evident that a series of complex events, rather than a …