NEW YORK — Exxon Mobil Corp. said Thursday that profit rose 41 percent in the second quarter, when the price of gasoline and other fuels jumped to three-year highs. Exxon’s second-quarter income of $10.68 billion is the largest since it ...

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OCEAN CITY — Veteran scuba diver Ted Green says he isn’t worried about sunken vessels near area beaches that are under scrutiny for potential oil leaks. The oil they once held, he says, is long gone — already dispersed into ...

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NEW YORK — ConocoPhillips, the third-largest U.S. oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire once the transaction is complete. The breakup would ...

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WASHINGTON — The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven upward by a big increase in oil imports. The Commerce Department said Tuesday that the deficit increased 15.1 ...

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NEW YORK — Oil tumbled more than 2 percent Friday, giving up most of its gains for the week after the latest government data showed hiring in the U.S. is at a virtual standstill. The Labor Department said that employers ...

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HARRISBURG, Pa. — Pennsylvania’s state environmental regulators have agreed to take more precautions before they approve certain permits for oil and natural-gas drilling sites where well construction poses a pollution threat to some of the state’s highest-quality waterways. The state ...

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Environment Maryland Research and Policy Center said Wednesday it wants Marylanders to reduce their oil consumption by 1 billion gallons by 2030 by relying more on electric cars and public transportation. The advocacy organization released a plan Wednesday that also ...

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NEW ORLEANS — A BP PLC contractor has agreed to pay the British oil giant $75 million to settle all potential claims between the companies over last year’s deadly rig explosion and the massive oil spill it spawned in the ...

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Gov. Martin O’Malley made the right call this week in commissioning an in-depth study of drilling for natural gas in Western Maryland’s portion of the Marcellus Shale. Such drilling would require the use of hydraulic fracturing, or “fracking” — a ...

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VIENNA — OPEC unexpectedly left its production levels unchanged on Wednesday, causing oil prices to jump, as senior officials said their meeting ended in disarray — a stunning admission for an organization that places a premium on consensus decision making. ...

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