HOUSTON (AP) - Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. ...more

February 1, 2009

Wall Street launched a massive rebound Thursday, muscling the Dow Jones industrial average up nearly 553 points after driving it down near its lows for the year, as investors decided they did not want to miss out on cheap stocks. ...more

November 14, 2008

It's looking like a good year for big oil - again. ConocoPhillips, the first of the major oil companies to report earnings for the third quarter, said profits soared 41 percent as crude prices soared to record highs over the summer. The numbers posted by the third-largest U.S. oil company easily topped Wall Street forecasts. ...more

October 23, 2008

Oil giants Chevron Corp. and Total SA wrapped up a string of gargantuan, record-breaking earnings reports Friday, a stretch in which six of the major international oil companies topped $50 billion in combined profit for the first time. ...more

August 2, 2008

Iraq is close to signing oil service deals with several major Western oil companies in an effort to boost its output capacity, the country's oil ministry said Thursday - the first major Iraqi contracts with big Western companies since the 2003 U.S.-led invasion. ...more

June 20, 2008

The 16 big flasks of bubbling bright green liquids in Roger Ruan's lab at the University of Minnesota are part of a new boom in renewable energy research. ...more

December 7, 2007

Enriched by high oil prices, Chevron Corp. will spend up to $15 billion buying back its own stock - a commitment that pleased shareholders and rankled critics clamoring for bigger investments in projects that might help lower energy costs. ...more

September 27, 2007