Tag: Exxon
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Exxon Mobil leads oil giants in raking huge profits amid high energy prices
ExxonMobil Corporation, commonly known as Exxon, has led oil giants in raking excessive profits amid high energy prices, as it broke records with its turnover in the third quarter, raking in $19.66 billion in net income. The Irving, Texas company said Friday that it booked $112.07 billion in quarterly revenue, more than double the revenue…
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U.S. court rejects Exxon, Shell’s bid on $1.8b award against NNPC
A United States (U.S.) judge has rejected ExxonMobil Corp’s and Royal Dutch Shell Plc’s effort to revive a $1.8 billion arbitration award against the Nigerian National Petroleum Corporation (NNPC). The award stemmed from a dispute over a 1993 contract to extract oil near country’s coastline. U.S. District Judge William Pauley in Manhattan cited public policy…