[2431] Two cheers to San Miguel

The sale of Esso Malaysia by ExxonMobil to San Miguel of the Philippines is a done deal. But it was not completed before economic nationalists sounded the alarm. They feared foreigners would seize control of strategic assets within the country while seemingly ignorant of the fact that ExxonMobil is a US-based multinational corporation in the first place. […]

It could be the nuclear option to silence rebellious investors. A libertarian activist has hit back at ExxonMobil’s environmental critics by tabling a resolution that would outlaw shareholder social activism. The Free Enterprise Action Fund, which controls $11m (£5.5m) of assets, has proposed amending Exxon’s articles of association to prevent the oil company’s shareholders from […]

By recording USD40.6 billion profit, Exxon achieved the best ever result for the whole history of the US. GM on the other hand recorded the largest ever loss in the history of the US by losing USD38.7 billion. Hmm…

After being attacked from all sides by the greens and allies, one of the great global warming deniers surrenders (via via via): Jan. 12, 2007 — Oil major Exxon Mobil Corp. is engaging in industry talks on possible U.S. greenhouse gas emissions regulations, a move experts said could indicate a change in stance from the […]