Exxon pumps up position in world of cheap oil

October 30, 2015

The $340 bln energy giant is standing firm despite $50-a-barrel crude, avoiding the kind of writedowns and job cuts that tarnished results at Shell and Chevron. An iron-clad balance sheet and strong cash flow leave Exxon primed to acquire assets as weaker producers falter.

Review: Exxon’s shareholder fetish, good and bad

By Christopher Swann
May 4, 2012

A single-minded devotion to shareholders has helped the oil giant earn high returns. But Steve Coll’s “Private Empire” shows how this obsession also made it easy to make some bad decisions: cozying up to nasty regimes and a crusade against global warming science.

Exxon’s fracking gag makes Chesapeake look good

By Christopher Swann
May 30, 2012

That’s a rare feat. The troubled gas firm is infamously opaque. But Chesapeake’s openness on the risks of fracking puts larger rivals like Exxon to shame. After another large minority vote from investors for more information, Big Oil should follow its troubled cousin’s lead.