8 result(s) displayed (1 - 8 of 8):

Exxon puts up $600M for biofuel venture (from Corporate Dealmaker)

Exxon Mobil Corp. (NYSE:XOM) launched a biofuels program, planning to spend $600 million -- perhaps billions more -- in an alliance with La Jolla, Calif.'s Synthetic Genomics Inc. to research and develop next-generation biofuels from photosynthetic algae.Entering the alliance with great hope, SGI knows there's tons of research to...

Posted on July 14, 2009 10:21 AM

Brazil's massive oil discovery 'a gift from God' (from Corporate Dealmaker)

That's what Brazilian President Luiz Inacio Lula da Silva said about the discovery of 50 billion to 80 billion barrels of light crude miles under the Atlantic. The massive oil reserves -- which could ultimately be worth as much as $5 trillion, the AP reported -- could turn Brazil...

Posted on October 10, 2008 12:11 PM

The geopolitics of resource megamergers (from Corporate Dealmaker)

In an interview in Tuesday's Times of London, BHP Billiton Ltd. CEO Marius Kloppers predicts more megadeals in natural resources. The reason: companies like his will find mergers the only way to cope with falling production volumes in a world where easily exploitable assets in various sectors -- oil, gas,...

Posted on August 19, 2008 1:20 PM

Jeff Immelt, call Rex Tillerson (from Corporate Dealmaker)

Last week we wrote about the unwelcome strategic advice ExxonMobil Corp. chairman Rex Tillerson is getting from shareholder activists who want the company to get greener. This week General Electric Co. experienced a similar bit of of criticism, but from the opposite direction -- a conservative gadfly/investor who complains that...

Posted on June 5, 2008 10:50 AM

Exxon's Tillerson: No hiding from hydrocarbons (from Corporate Dealmaker)

As you've heard, Rex Tillerson will be keeping both his chairman and CEO jobs at ExxonMobil Corp., and those pesky shareholder resolutions calling for more alternative energy investments and climate change awareness were voted down at the company's annual meeting on Wednesday. Most shareholders agreed that Tillerson is doing a...

Posted on May 28, 2008 5:20 PM

Exxon's Tillerson will keep both hats on (from Corporate Dealmaker)

Rex Tillerson will remain both chairman and CEO of ExxonMobil Corp. Shareholders Wednesday turned down a proposal that would have separated the positions. The proposal was supported by much of the Rockefeller family and 19 institutional investors on the basis that it would bring fresh perspectives from both the...

Posted on May 28, 2008 3:17 PM

On eve of Exxon vote, a look at other big oil alt energy investments (from Corporate Dealmaker)

Should ExxonMobil Corp. separate its chairman and CEO positions and invest more in alternative energy projects? These questions will come to a vote at the company's shareholder meeting tomorrow. Members of the Rockefeller family, plus 19 institutional investors -- including some of ExxonMobil's largest share owners, with more than $740...

Posted on May 27, 2008 8:45 AM

The Rockefellers' investing ideas for Exxon Mobil (from Corporate Dealmaker)

During their press conference Wednesday, the founding family and self-billed longest continuous shareholders of the Irving, Texas, Exxon Mobil Corp. said it thinks the oil giant should be investing more in clean energy -- and that separating the chairman and CEO functions may put the company in a better...

Posted on May 1, 2008 4:21 PM