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Exxon's Bakken Buy Could Be Just The Beginning
Monday, September 24, 2012 - 9:20am | 800Read More...Exxon Mobil (NYSE: XOM), the largest U.S. oil company, said Thursday it will pay almost $2 billion to acquire 196,000 acres in the oil-rich Bakken Shale from Denbury Resources (NYSE: DNR). Texas-based Exxon said the Bakken buy will increase its presence there by about 50 percent to 600,000 acres....
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Did BHP Just Tell You To Buy Shale Plays?
Friday, July 15, 2011 - 12:50pm | 751Read More...Last night, BHP Billiton Limited (NYSE: BHP) announced it would be buying Petrohawk Energy Corporation (NYSE: HK) for $38.75 per share in cash. This is a tremendous move for BHP to get into shale gas assets, and potentially a huge revaluation of the natural gas sector, especially with such a huge...
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Even Oil Companies Know That Oil Prices Are Rigged
Friday, May 13, 2011 - 1:18pm | 477Read More...In a surprise statement, Exxon Mobil CEO Rex Tillerson told the Senate Finance Committee that oil prices did not currently reflect supply and demand. "When we look at it, it's going to be somewhere in the $60 to $70 range if you said: ‘If I had access to the next marketable barrel, what would it...
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CEO Steel Cage Death Match
Friday, March 11, 2011 - 3:48pm | 358Read More...Alright, there isn't going to be a CEO Steel Cage Death Match, but if there was going to be such an event, it would be a good idea to make the feature match a bout between two big oil CEOs: BP's (NYSE: BP) Bob Dudley and Exxon Mobil's (NYSE: XOM) Rex Tillerson. We don't want to put words in the...
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Exxon Mobil CEO On TV Tomorrow (XOM)
Tuesday, March 8, 2011 - 3:32pm | 82Read More...Exxon Mobile (NYSE: XOM) CEO Rex Tillerson will appear on CNBC tomorrow to discuss the situation in the Middle East and how it is affecting oil. This is noteworthy because Tillerson does not appear on TV as often as other CEO's do, and being the CEO of the largest company in the S&P 500,...
