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Exxon to provide company benefits for same-sex marriages

HOUSTON (Reuters) - Exxon Mobil Corp said on Friday spouses in "all legal marriages," including same-sex unions, will be eligible for company benefits following the U.S. Supreme Court's ruling on the matter. Spousal eligibility for benefits at Exxon has been "governed by the federal definition of marriage and spouse," the Irving, Texas company said in a statement.

Republican nominee to FCC says favors 'light hand' on regulation

WASHINGTON (Reuters) - A Republican nominee for a seat on the Federal Communications Commission, Michael O'Rielly, said on Wednesday that he favors an "extremely light" hand on regulation, drawing sharp remarks from some Democratic senators. O'Rielly, who spent two decades as a congressional staffer and worked for Senator John Cornyn of Texas and former Senator John Sununu of New Hampshire, said that his work for the FCC would be dedicated to enforcing existing laws, bringing certainty to the market and reducing unnecessary regulation.

ConocoPhillips to sell oil sands lease to Imperial, Exxon Canada

(Reuters) - ConocoPhillips <COP.N> said it would sell its interest in an oil sands leasehold in Canada for about $720 million as part of its plan to restructure its assets and hive off its stake in six Alberta properties. The company will sell the Clyden asset, located near the southern edge of the Athabasca oil sands and south of Fort McMurray, Alberta to Exxon Mobil Corp's <XOM.N> Canadian unit and Imperial Oil Ltd <IMO.TO>, which is controlled by Exxon.

Chevron's 2Q profit of $5.4 billion is down from last year on lower oil prices

Chevron's latest quarterly profit was huge — $5.37 billion — but down 26 per cent from last year due to lower oil prices and maintenance work at some refineries. The results mirrored lower profit at Exxon Mobil and Shell, and they also lagged Wall Street expectations. In premarket trading, Chevron shares fell $1.44 to $125. Chevron Corp. said Friday that it earned $2.77 per share in the second quarter, down from $3.66 per share. Year-ago net income was $7.21 billion.

Exxon 2Q earnings fall on refining results, lower production; lowest profit since 1Q of 2010

NEW YORK, N.Y. - Exxon Mobil reported its lowest quarterly profit in more than three years, as the oil and gas giant again struggled to boost production and results from its refining operations weakened. Net income fell 57 per cent in the second quarter. Exxon said Thursday that it earned $6.86 billion, down from $15.9 billion in the year-ago quarter, which included a gain from the sale of a Japanese lubricants division and other assets. Even without those year-ago gains, Exxon's net income fell 19 per cent.

ExxonMobil posts disappointing 2nd qtr. profit

New York, Aug 1 (EFE).- ExxonMobil Corp., the world's largest publicly traded oil company, said Thursday that it posted a profit of $6.9 billion in the second quarter, down 57 percent from the same period in 2012. "Excluding the prior year net gain of $7.5 billion associated with divestments and tax-related items, earnings were down 19 percent. Weaker refining margins and volumes associated with planned refinery turnaround and maintenance activities negatively impacted downstream earnings," chairman and CEO Rex Tillerson said in a statement.

Exxon profits fall 57 pct amid lower refinery margins

US oil giant ExxonMobil Thursday reported a 57 percent drop in earnings due to exceptional items and lower refinery margins, missing analyst expectations by a wide margin. Exxon, the largest US oil company, said second-quarter earnings came in at $6.9 billion on revenues of $106.5 billion, compared with year-ago profits of $15.9 billion on revenues of $127.4 billion. The results translated into $1.55 per share, compared with expectations of $1.90.

Federal violence-in-entertainment study sails to the Senate floor

By Ira Teinowitz LOS ANGELES (TheWrap.com) - Legislation calling for a federal study of violence in videogames, TV and movies sailed through a congressional committee on Tuesday - with the support of film and television trade groups - that's part of a wider look at possible causes of gun deaths in the U.S.

Chevron, Exxon investors sustain calls for fracking disclosure

SAN RAMON, Calif./DALLAS (Reuters) - About 30 percent of shareholders of both Exxon Mobil Corp <XOM.N> and Chevron Corp <CVX.N> on Wednesday backed calls for more disclosure surrounding their use of hydraulic fracturing, the top two U.S. oil companies said.

Wal-Mart regains No. 1 spot on Fortune 500 list of biggest companies, Exxon drops to No. 2

NEW YORK, N.Y. - Wal-Mart Stores Inc. once again leads Fortune's list of the 500 biggest U.S. companies by revenue, as the world's biggest retailer succeeded in posting strong growth despite a challenging economy for its shoppers. The Bentonville, Ark., company's revenue grew nearly 6 per cent in 2012 to $469.2 billion.
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