The oil behemoth reported a third-quarter profit of $7.4 billion due to higher crude oil and natural gas realizations, improved refining margins, and solid chemical results. But Exxon’s results are still nearly halfway below t…
BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A).
BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.
The other four oil companies said they would spend $1 billion on…
Continue reading BP Will Join Other Oil Giants in Spill Response Group
BP Will Join Other Oil Giants in Spill Response Group originally appeared on DailyFinance on Tue, 21 Sep 2010 06:49:00.
Filed Under: Energy, Company News, Technology, Exxon Mobil, Green, BP, Chevron
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.
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