Exxon Says Steps to Restart U.K.'s Fawley Refinery Under Way After Fire

(Bloomberg) -- Exxon Mobil Corp. said steps are
being taken to resume operations at its 300,000 barrel-a-day
refinery at Fawley, the U.K.'s largest, after a fire at one of
the steam units halted operations on July 25.

Plans to start up the refinery, which supplies about 14
percent of the U.K.'s refined petroleum products, ``are being
executed at this time,'' said spokeswoman Sophie Foale in a
telephone interview today. She gave no timetable for its return
to full production.


Read more at Bloomberg Energy News

Wall St indexes sell off on housing, credit fears

(Reuters) - The S&P shed about $300 billion in market value in the worst single session since the February 27 global market sell-off, with surprisingly weak earnings reports also weighing on stocks. Even with the sharp decline, the Dow and S&P 500 are within 5 percent of their respective record highs.




A drop in quarterly profit at Exxon Mobil Corp., helped wipe out more than $16 billion in market value of the world's largest publicly traded company.


Read more at Reuters.com Hot Stocks News

Crude Oil Falls From 11-Month High in New York as U.S. Refinery Units Open

(Bloomberg) -- Crude oil fell from an 11-month high
in New York on speculation that U.S. fuel stockpiles will
increase because refineries are opening units.

Exxon Mobil Corp., BP Plc and Valero Energy Corp. started
units at refineries in Texas over the past week. Prices rose
this week after the Energy Department reported that U.S. fuel
stockpiles declined last week as gasoline demand rose. Total SA
said it restored normal output from an oil field in Angola after
cutting production to make repairs.


Read more at Bloomberg Energy News

RPT-US STOCKS-Oil sector, financials boost stock indexes

(Reuters) - NEW YORK, July 11 - U.S. stocks rose on
Wednesday, helped by gains in energy shares as oil prices
traded near $73 a barrel and financial shares rebounded a day
after falling on worries about the subprime mortgage industry.




Shares of Exxon Mobil Corp. , up 0.4 percent at
$86.82, also benefited from Lehman Brothers' increase in the
stock's price target. U.S. crude oil futures slipped but
were still trading at $72.90 a barrel. On Tuesday Brent crude
hit an 11-month high of $76.63 in London.


Read more at Reuters.com Bonds News

UPDATE 2-Exxon CEO sees Venezuela talks passing June deadline

(Reuters) - LONDON, June 21 - Exxon Mobil Corp.'s
chief executive said on Thursday he expects negotiations over
Venezuela's planned takeover of majority stakes in multibillion
dollar projects in the country would go on beyond the June 26
deadline set by the government.




Venezuelan President Hugo Chavez has ordered a group of six
global energy oil companies to give the government 60 percent
stakes in projects in the country's Orinoco Belt as part of a
nationalization drive toward what he has described as his
socialist revolution.


Read more at Reuters.com Bonds News

U.S. Stocks Rise, Led by Energy Shares; Exxon Mobil, Merck Lead Advance

(Bloomberg) -- Energy shares rallied on higher oil
prices, stoking the U.S. stock market after the biggest weekly
decline since February.

Exxon Mobil Corp., Merck & Co. and General Motors Corp.
carried the Standard & Poor's 500 Index and Dow Jones Industrial
Average to their second straight gains


Read more at Bloomberg Stocks News

U.S. Stocks Retreat on Inflation Concern; Exxon, IBM Shares Lead Decline

(Bloomberg) -- U.S. stocks tumbled for a second day
on growing concern inflation is accelerating.

Exxon Mobil Corp., International Business Machines Corp. and
Cisco Systems Inc. led the Standard & Poor's 500 Index to its
biggest two-day drop since March. DuPont Co. had the steepest
decline in the Dow Jones Industrial Average.


Read more at Bloomberg Stocks News

U.S. Stocks Fall, Led by Energy and Financials; Exxon, Citigroup Decline

(Bloomberg) -- U.S. stocks fell, led by energy
producers and financial firms, after the price of oil dropped
and investors lowered their expectations of an interest rate
cut.

Exxon Mobil Corp., the world's biggest oil producer, and
Citigroup Inc., the largest bank, contributed the most to the
drop in the Standard & Poor's 500 Index.


Read more at Bloomberg Stocks News

U.S. Stocks Gain on Buyout Speculation; S&P 500 Rises Above Record Close

(Bloomberg) -- U.S. stocks rose for a third day,
pushing the Standard & Poor's 500 Index above its record close,
after buyout speculation intensified in the real estate industry
and a jump in oil prices lifted shares of energy producers.

Simon Property Group, the largest U.S. real estate
investment trust, climbed after Deutsche Bank AG upgraded its
shares and seven other property companies following the $13.5
billion buyout of Archstone-Smith Trust. Energy shares, led by
Exxon Mobil Corp., contributed the most to the advance in the
S&P 500 Index after oil prices rose.


Read more at Bloomberg Stocks News