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EXXON MOBIL

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abtest

Markets brace for big oil profit plunge

February 1, 2015 - 12:00am

It’s just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a strong earnings season into a weak one.

Business

Population growth to drive energy demand higher: US expert

December 8, 2013 - 4:00pm

Growing economies and an increasing population would drive up energy demand for decades, despite the world becoming more energy efficient, a US oil expert said here Saturday.

World

SK Lubricants optimistic to hit 20% market share in Visayas

By Grace Melanie L. Lacamiento | June 16, 2013 - 12:00am

With LG Line Industrial, Inc. as the new product distributor for the entire region since April 2013, SK Lubricants aims to sustain a growth of twenty percent in terms of market share in the Visayas lubricant market...

Freeman Cebu Business

Exxon, Rosneft in Siberian oil-production deal

June 16, 2012 - 8:02am

Exxon Mobil Corp. said Friday it will provide technological expertise and work with Russian oil company Rosneft to produce oil from tight formations in western Siberia.

SMC target: P1-T sales revenues in near term

By Zinnia B. Dela Peña | June 15, 2012 - 12:00am

San Miguel Corp. (SMC) is betting big on the airline space with plans to invest in a regional carrier in line with its goal to double annual revenues to P1 trillion in the next few years through expansion beyond...

Business

San Miguel Corp. sees $20-billion revenues this year

By Louella Desiderio | May 24, 2012 - 12:00am

Diversified conglomerate San Miguel Corp. (SMC) said it expects to hit its $20-billion revenue target for 2015 this year on increased contributions from new acquisitions.

Business

Chinese firm surpasses Exxon in oil production

March 30, 2012 - 4:01am

A big shift is happening in Big Oil: An American giant now ranks behind a Chinese upstart.

DOE not worried over SPEX withdrawal

By Donnabelle L. Gatdula | January 5, 2012 - 12:00am

The Department of Energy (DOE) is not worried by the decision of Shell Philippines Exploration B.V. (SPEX) to pull out its investment in Service Contract 54B in northwest Palawan.

Business

Exxon Mobil profit rises 41 pct on higher prices

October 28, 2011 - 2:16am

Exxon Mobil's quarterly profit rose 41 percent because the company sold oil and natural gas at higher prices, making up for lower production.

SMC plans to invest $1.2B in Exxon Mobil Malaysia

By Marianne V. Go | September 21, 2011 - 12:00am

San Miguel Corp. (SMC) plans to invest up to $1.2 billion to upgrade the refinery of its recently acquired Exxon Mobil Malaysia, as well as expand its service station network in Malaysia.

Business