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ExxonMobil

News Story
12/13/2016
Posted by Mark Reback
As chief executive officer of Exxon Mobil Corp., Rex Tillerson has led a vast energy juggernaut, roaming the globe in search of multibillion-dollar deals, working with despots as well as democrats. The brash Texas oilman has helped forge or supervise exploration, production and refinery projects in 50 countries on six continents, from...
News Release
11/29/2016
Posted by Jamie Court
Santa Monica, CA – Advocates from Consumer Watchdog testified today at the California Energy Commission’s Petroleum Market Advisory Committee (PMAC) that California drivers are still paying 50 cents more than US drivers as oil refiners continue to reap double their historical profits.   The nonprofit public interest group called...
News Story
11/29/2016
Posted by Mark Reback
A consumer advocacy group contends that California refiners are holding down gasoline production to inflate prices at the pump. California gasoline prices remain at least 50 cents a gallon higher than in other areas of the country even though a major Southern California refinery that was mostly shutdown throughout 2015 is back...
News Release
8/17/2016
Posted by Jamie Court
Santa Monica, CA -- Testifying before a state panel investigating California’s high gas prices, oil-trading company Vitol blamed ExxonMobil’s lack of transparency for the record 2015 gas price spike. Brad Lucas, a West Coast trader for the company, stated, “if there was more transparency around what was going on with refinery...
Video
8/6/2016
Posted by Mark Reback
Consumer Watchdog said the high profits from the state refiners that report them helps to explain the odd, extreme current gap between retail and wholesale gasoline prices in the state.
Video
8/6/2016
Posted by Mark Reback
View on YouTube Consumer Watchdog says California drivers are being taken for a ride by Big Oil, because wholesale oil prices are among the lowest in the nation, but our retail gas prices are among the highest in the nation.
News Release
8/4/2016
Posted by Jamie Court
Santa Monica, CA –  Consumer Watchdog pointed today to big new California oil profit reports, gasoline pricing data and a candid remark from a refinery CEO to show that the companies are making unreasonable profits from California drivers due to their market power and anti-competitive practices.   Today oil refiner Tesoro reported...
News Story
5/6/2016
Posted by Mark Reback
The process, expected to emit excess pollutants for about six hours in violation of regulations, is delayed two days ExxonMobil announced Friday evening that the long-awaited restart of its Torrance refinery, scheduled for 7 p.m. Saturday to 7 a.m. Sunday, would be postponed two days for “operational” reasons, authorities said....
News Story
5/5/2016
Posted by Mark Reback
The February 2015 explosion that shuttered the ExxonMobil plant in Torrance was the costliest disruption at a California refinery in the past 16 years, with motorists paying at least $2.4 billion in higher pump prices in the following six months, according to a recent RAND study. Soaring prices stemming from the lost gasoline supply sucked a...
News Release
4/22/2016
Posted by Jamie Court
Sacramento, CA -- Consumer Watchdog told a state panel looking into gasoline price manipulation today that a handful of big oil refiners have been able to charge California drivers 70 cents to $1 more per gallon than the rest of America because they have an information advantage over the rest of the market, the public and regulators. Consumer...