4 Energy Stock Stories To Drive Investment Chatter
Exxon Mobil Corporation (NYSE:XOM): Current price $90.14
Late on Monday, Federal regulators proposed $1.7 million in civil penalties against Exxon Mobil for safety violations connected with a pipeline rupture that allowed an estimated 63,000 gallons of crude oil to spill into Montana’s Yellowstone River. In a notice advising the oil super-major, the United States Department of Transportation regulators claimed that a chain of bad decisions by Exxon led up to the spill and in its immediate aftermath, including Exxon employees’ failure to shut an upstream safety valve, which could have significantly lessened the size of the spill after it was first detected.
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