Read Private Empire: ExxonMobil and American Power Online

Authors: Steve Coll

Tags: #General, #Biography & Autobiography, #bought-and-paid-for, #United States, #Political Aspects, #Business & Economics, #Economics, #Business, #Industries, #Energy, #Government & Business, #Petroleum Industry and Trade, #Corporate Power - United States, #Infrastructure, #Corporate Power, #Big Business - United States, #Petroleum Industry and Trade - Political Aspects - United States, #Exxon Mobil Corporation, #Exxon Corporation, #Big Business

Private Empire: ExxonMobil and American Power (97 page)

succession issue of, 525–28

2004 coup attempt in, 286–94, 514

U.S. embassy in, 146, 147, 149

U.S. military aid to, 147–48

U.S. security relations with, 514–16, 529

Whalen-Wales meeting and, 286–90

Zafiro oil field of, 521

Erdimi, Tom, 168

Erdos, Al, 138–39

Ernst & Young, 383

Essien, Nduese, 457, 466–67

Esso, 36, 223–24, 231

Esso Exploration & Production Chad, Inc., 157

Esso Inter-America, 46

ethanol, 498

as alternate energy, 445–48

congressional mandate for, 446–48

Ethiopia, 172

Etukakban, Samingo, 457

European Chemicals Bureau, 484

European Command, U.S., 174, 470, 471, 474, 515

European Union, 308, 479, 484, 486

Evans, Don, xiv, 90, 252, 254, 258, 271

Putin’s conversations with, 250–51, 268, 277–79

Eve (rap star), 527

Executive Outcomes, 284

Extractive Industries Transparency Initiative (E.I.T.I.), 504, 522–25, 526

Exxon Chemical Company, 213–14, 478–81, 486

see also
chemical industry

Exxon Corporation, 1, 9

Aviation Services department of, 42–43, 44

corporate management culture of, 37–41

as corporate state, 19–21

and demise of Soviet Union, 18–19

employee ranking system of, 39, 41

energy policy and, 21–22

Exxon Valdez
cleanup operations and, 14–16, 17

Global Security department of, 30, 42, 43

Exxon Corporation (
cont.
)

Irving campus of, 34–35

Mobil buyout and, 60–66

in move to Texas, 34–35

O.I.M.S. of, 32–33, 39, 41

as political actor, 19–21

premerger holdings of,
65

Rawl’s cost-cutting at, 6–7, 11, 49

Raymond Rule and, 30

recruitment by, 37, 39–40

religious tradition of, 36–37

Reso kidnapping and culture of, 25–29

resource nationalism and, 51–55

R.O.C.E. metric of, 49–50

Rockefeller style and, 36–37

safety management regime of, 30–33

share buybacks and, 62–64

Exxon Enterprises, 80

ExxonMobil:

accident safety policy of, 378–79

Aceh war and, 98–102, 106, 107–11, 112–14, 116–17, 118, 143, 398–99

biofuels investment of, 549

Biomedical Science division of, 480–81

BP’s rivalry with, 223–24

British operations of, 223–24

cash deposits of, 587–88

contracts policy of, 417–18

employee political donations and, 493–94

energy education campaign of, 303–5, 307, 309–10

first annual meeting of, 88–89

first-year earnings of, 66

forecasts practice of, 304–11, 442, 645
n

formation evaluation group of, 158

geologists employed by, 157

geopolitical vulnerability of, 450

Global Security department of, 107–11, 207, 352, 353, 465, 466, 469, 475, 558

government access and, 68, 72

issues management program of, 214–15

John Doe
lawsuit and, 400–404

key vote system of, 341

lobbying by, 71–77, 84, 87, 183, 246, 301–3, 339–43, 481, 496, 534–35, 542–43, 547, 548, 551

Management Committee of, 79, 161, 163, 190, 200, 207, 209, 214, 298, 306, 331, 334, 419, 421–22, 424, 439, 442, 450, 550, 586, 587

Moscow office of, 255

1988 profits of, 159

oil spill response plan of, 608, 609–10

oil supply disruptions and, 245–46

O.I.M.S. of, 94, 164

P.A.C. of, 340–41, 488, 494–96

public affairs department of, 213–15, 320, 331–32, 398–99

public reputation of, 217–20, 316–17, 331–32, 496–97, 549–50

record profits of, 496–97

recruitment by, 218

reserves accounting of, 189–92, 325–26

reserves replacement problem of, 199–200, 247, 249, 258, 332, 422, 564–65, 573, 596–98, 615, 617

resource nationalism and, 94

retail gas system of, 371–74, 380

risk management plan of, 614

R.O.C.E. metric of, 49–50, 595

Safety and Health division of, 178–79

safety policy of, 614–15

salaries at, 218

sanction issue and, 246

size and reach of, 66

succession question and, 209–12, 314–18

taxation issue and, 74–75

Tony the Tiger logo of, 216

2005 profits of, 318–19

2010 profits of, 595

2011 profits of, 625

and value of Mobil holdings, 194–95

Washington politics as categorized by, 75–76

women and, 218

see also
Mobil Oil

Exxon Shipping Company, 5, 7

Exxon Valdez
disaster, 1–18, 28–30, 47, 61, 225, 315, 385, 387, 610–11, 615

culpability in, 7, 15, 16–17

damage to wildlife in, 7–8

dispersants debate in, 9–10, 14, 16

Exxon-Coast Guard conflict in, 14–15

Exxon’s safety record after, 603–4

Freedom of Information Act requests and, 131, 133–34, 135–36

Hazelwood and, 1–6

oil leak in, 5–7

overlapping authorities and, 10–13

punitive damages in, 312–14

Raymond’s assessment of, 9–10, 11–13

scientific surveys of, 122–25, 128–33

settlement in, 124

ship aground in, 3–4

Eyiboh, Esseme, 466–67, 651
n

Ezell, Randy, 601–2

Fahd, King of Saudi Arabia, 201

Faisal (student activist), 119, 120

F.A.R.F. (Armed Forces for a Federal Republic), 167

Fariello, Theresa, xiii, 342–43, 507, 548–50

Farmer, Mike, 107–10, 405

Federal Bureau of Investigation (F.B.I.), 26–27, 28

Feinstein, Dianne, 486

Feith, Douglas, xiv, 227, 231, 234, 241, 242, 243, 245

global vision on oil, 237–40, 246

Senate testimony of, 227–28

Field of Dreams
(film), 525

Fifteenth World Petroleum Congress, 81

Finance Ministry, Iraqi, 564

financial crisis of 2008, 540, 541, 578

Finestone, Paul, 528

Finestone Insurance Agency, 528

Finkel, Louis, 343

Flannery, Brian, xiii, 79, 84, 183, 555

Flatt, Shawn, 424

Fleytas, Andrea, 602–3

Fluor Corporation, 235

Foley, Thomas, 232–33

Foltz, William, 171

Ford, Gerald, 237

Ford Motor Company, 85, 539

Foreign Agricultural Service, 154

Foreign Corrupt Practices Act (F.C.P.A.), 109, 142, 298–99

Foreign Office, British, 459

Forsythe, Rosemarie, xiii, 160–62, 163, 255, 419, 442, 463

Fortune,
33, 316, 645
n

F.P.S.O. (offshore production vessels), 469–70

fracking.
See
hydraulic fracturing

France, 19, 141, 155, 261, 297, 357, 455, 512, 513, 620

Franco, Francisco, 137, 285

Franklin, Rob, 574, 575

Franks, Tommy, 227–28

Frazer, Jendayi, 468, 469

Free Aceh Movement,
see
G.A.M.

FreedomCAR and Fuel Partnership, 437, 444

Freedom House, 344

Freedom of Information Act, 131, 133–34, 135–36, 183, 459

Freeman, Bennett, 223, 504–7, 538

Freeport-McMoRan Copper & Gold, 102

Freudenberg, William, 312–13

Friedberg, Aaron, 243–44

Friedman, Thomas, 240

Front Uni Pour le Changement (United Front for Change), 357, 363

Fryszman, Agnieszka, 405–7

Fuller, Lawrence, 60

Future 500, 537

Future of Iraq Project, 232

“Future Policy Issues Concerning the Ministry of Oil” (Carroll), 236

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