that's when exxon-mobile's culture was really transformed. over the years i've seen people at all levels understand that our safety systems are put in place for them, that they wer about protecting them and their co-worke and the public, and not about catching people doing the things wrong. part of that train formation is recognizing every employee's job involves some degree of risk management, even those who work in office settings. that is why oims extends even to administrative locations. when an organization reaches the point where everyone owns the system and believes in it, only then at that point, a culture of safety and operational integrity has been established that can be sustained. when it enters the hearts and minds of the people of the organization and becomes a very part of who we are. we often use the phrase of exxon-mobile nobody gets hurt to describe our safety objectives. some observers of our company question this. they say it can't be done. well, it can be done. weave operating units today that have gone years without a in

exxon-mobile is viewed as a cautious company. we're sometimes criticized for being too cautious, and yet meeting the growing demand for energy is risky. our employees operate some of the most complex technologies in some of the world's harshest environments. how we continue to progress technologically with risk is that advancing human progress does not mean avoiding risk, but managing risk by identifying it, and taking steps to mitigate it. no company, ngding my own, lays claim to a 100% success rate in this endeavor, yet that remains our clear goal. in closing, there's three points i hope you consider in deliberations. first, a culture of safety has to be born within the organization. you cannot buy culture. you have to make it yourself. second, make no mistake, creating a strong sustainable safety culture is a long process. if an organization is truly going to overall its approach to safety, it has to be committed from day one, but you can't start until you stop until you start and you'll never finish. finally i want to return

exxon-mobil dropped 2% as the price of crude settled 3% lower. walmart did little to ee lay fea but they still managed to eek out gains. the company that makes the controversial caffeinated alcoholic better beverage four loko says it remove the caffeine. >>> general motors in what could be the largest ipo in history. and finally, twitter may have its critics, but tweeting does pay off. kfc is offering a $20,000 scholarship to the high schooler with the best tweet. students who use twitter for school wo earned a higher gpa than those who didn't. there you go. coming up. blue devil makes it look easy and this time the butler didn't do it. >>> the denver nuggets had to use creativity last night to keep a new york team at bay. your sports highlights are straight ahead. >>> a strong storm system is bringing gusty winds to much of the east coast today. you're watching "early today." >>> good morning, if you're just waking up this is "early today." the struggling knicks saw firsthand what denver's anthony could bring to the team if a long rumored trade

exxon-mobil dropped 2% as the price of crude settled 3% lower.ings from walmart did little to allay fears but they still managed to eke out gains from its healthy report. the company that makes the popular controversial caffeinated beverage four locko will remove all the caffeine from all of its products. the move comes in the wake of safety concerns raised by a number of states and a probe by the food and drug administration. >>> general motors expected to stock its option in what could be the largest ipo in history. >>> finally, twitter may have its critics but tweeting does pay off. kfc is offering a $20,000 scholarship to the high schooler with the best tweet. according to a new study, students who use twitter for schoolwork earned a higher gpa than those who didn't. so there you go. >>> coming up, uconn is streaking. a blue devil makes it look easy and this time the butler didn't do it. >>> plus, the denver nuggets had to use creativity last night to keep a pesky new york team at bay. >>> your early morning sports headlines are straight ahea

energy stocks led the day's declines on the s&p while chevron and exxon mobil's losses were a significant drag on the dow. comscore has raised its estimates for online spending this holiday season for the second time calling for 11% growth over last year. >>> a california jury ordered europe's top softwaremaker s.a.p. to pay $1.3 billion in damages to rival oracle in what's being called the largest award ever in a case of copyright infringement. >>> more recalls for recalled plagued johnson & johnson. this time for children's benadryl allergy fast-melt tablets, junior strength tablets and rolaids fast chews. >>> san francisco city officials overturned a veto by that city's mayor that will require specific dietary guidelines for kids meals that include toys. >>> and finally -- out of 2 million beatles songs finally available on itunes, "here comes the sun" was the number one selling single and "abby road" the top selling album. >>> firing all cylinders to beat the pistons, plus things get nasty between the sixers and the wizards. your early morning sports headlines are just ahead. >>> in w

we'll begin with exxon-mobil. xom. a bit of a disappointment for shareholders, especially for the broader market. here is exxon only at a multi-month high. what is going on? >> it is the worst performing stock in the dow 30. normally i stay away from the worst performing stocks. i prefer to go with the best performer because it usually keeps getting better. but in this case, i think things are more likely to improve, that's why i have it down there as one of the picks. and the dividend is pretty good, too. >> tom: you also like sea drill, a foreign base deep sea driller based in norway. is it still putting money to work at $33? >> yes. i must say we've had it for a while now, and it is up a bit. but i think it has a target of about $38 if things work out. they are launching themselves into a new capital spending cycle of adding equipment. and they're not in dangerous places in terms of drilling, such as the gulf of mexico, but they're heavy around the world. the equipment is run top of the line. i think as they reequip

is the latest major oil company to make a big acquisition in the natural gas sector, following exxon mobil and royal dutch shell. >> google in enhancing its search services. the feature called instant previews helps people skipped over useless web sites. they can see a picture of the web site google failed to instant search. this is the next new gadget. >> we will be back in morwith morning couple of minutes the back up is stretching just pass the 880 high red my mercury moment happened when i parked near the castle at "medieval knight fest". angry peasants can mess up a car really bad. matt, my mercury agent, helped me file a claim right away. turns out mercury not only saves me money, but they also cover medieval mob damage. they got my car fixed in no time. call 888-4-mercury or visit mercuryinsurance.com to get a fast free quote and start saving today. is started just before 3:00 a.m. that fire at least a fire department doesn't think it was suspicious but they are looking into it. more coming up. >> university of california considering raising tuition by 8% expand financial aid. all o

exxon mobil dropped 2% as the price of crude settled 3% lower.beat earnings from walmart did little to allay investors' fears, but the chain managed to eke out gains from the healthy report. >>> the company that makes the popular controversial caffeinated alcoholic beverage four loko says it will remove the caffeine from all of its products. the move comes in the wake of safety concerns raised boy a number of states -- by a number of states and a probe by the food and drug administration. >>> general motors is expected to price its public stock offering after the bell today in what could be the largest ipo in history. >>> finally, twitter may have its critics, but tweeting does pay off. kfc is offering a $20,000 scholarship to the high schooler with the best tweet. and according to a new study, students who use twitter for school work earned a higher gpa than those who didn't. so kids, spend more time on twitter. i'm sure you love hearing that. >>> uconn is still streaking. a blue devil makes it look easy. and this time the butler didn't do it. >

. >> corporate funding is also provided by exxon mobil and prudential financial. additional corporate funding for "washington week" is provided by the ethics and excellence in journalism foundation, the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. by now you may have heard what happened on tuesday, a wave so forceful that even political tsunami warnings didn't prepare democrats for what it would actually feel like. the long and short of it? gridlock is so not over. here's the best the white house could offer in the form of an olive branch. >> can you name today areas you might be willing to compromise on that you might not have been willing to compromise on in the past? >> well, um, i think i've been willing to compromise in the past and i'm going to be willing to compromise going forward. on a whole range of issues. gwen: here what's -- was the republican response. >> the fact is if our primary leg

. >> and by exxon mobil.this program this program was made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbtl@' captioned by media access group at wgbh access.wgbh.org r to order this dvd, call 1-800- play-pbs or visit online at shoppbs.org. >> be more.

hundred twenty eight billion dollars in the next forty years there is a hole in one project led by exxon mobil is the most profitable the state's share and its production may reach one hundred eighty six billion dollars including texas one in two led by gazprom may bring about one hundred twenty billion dollars to the budget revenues from totals herad the project may total twenty twelve billion dollars russia's project received about one of the hope in dollars from the three projects last year. a look at how the markets are faring that saw european stocks a low as markets took and fresh reports of blasts heard in korea and sovereign debt issues continued weigh on investors mining shares are weaker helping drag the foot sit down point two percent shares on route to intel losing two point eight percent shares of out of the gusto three point two percent. russia's also saw in the red after advancing on thursday to its highest level in more than two weeks most of the blue chips are down and bucking the trend as porto's gold well it's down about a percent on lower gold prices. of the debt crisis is

one project led by exxon mobil is the most profitable state shed its production may reach one hundred eighty six billion dollars including taxes seven to let buy gas problem may bring about one hundred twenty eight billion dollars to the budget revenues from totals have dug up project from a total twelve billion dollars russia's budget received about one and a home billion dollars from this week for ships last year. now to look at how the markets are faring that sol european stocks lower as markets took in fresh reports of last heard and career and sovereign debt issues continues weighed on investors mining shares are weaker helping to drag the footsie down point six percent shares of rio tinto are losing three and a half percent and shares of antiphon gunstar after having point five percent. or so in the red off to advancing on thursday to its highest level in more than two weeks most of the blue chips are falling the biggest loser is no rules to make go down more than one percent. the debt crisis is dominating sentiment on the european market side and now looks set to receive a bail

russia almost three hundred twenty billion dollars in the next forty years so one project led by exxon mobil is most profitable the states and its production may reach one hundred and eighty six billion dollars including taxes settlement to let gas probably maybe bring about one hundred twenty eight billion dollars to the budget revenues from total scott jagow project may tenth twelve billion dollars russia's budget received about one home and dollars we will check last year. under one of russia's leading travel companies interest and europe's second largest thomas cook have announced a joint venture our chief correspondent in the course of a has the details of the deal. thomas cook told us today that they paid forty five million dollars for thirty point one shares but i do hope and the news future of maximum till twenty thirty to acquire the rest of this year as we were told today of by of the general director of thomas cook at the been chasing for this deal for the last three years and it was a fantastic deal for this company to before going to as you do through to borrow the whole organiz

almost three hundred twenty billion dollars in the next forty years as a one in one project led by exxon mobil is the most profitable the states share in its production may reach one hundred eighty six billion dollars including texas settling to lead by castro may bring about one hundred twenty billion dollars to the budget and revenues from. the project many total twelve billion dollars russia's budget received about one and hope billion dollars from the three projects last year. look at how the markets are faring this hour european stocks lower in friday's traders and markets took in fresh reports last heard in career on sovereign debt issues continued weigh on investors mining shares a week helping drag that seat down point two percent shares of rio tinto losing two point eight percent and shares of the under five gas stack off more than three point two percent. in the markets and russia mixed after advancing on thursday to its highest level in more than two weeks most of the blue chips are rising bucking the trend as old as gold down about one percent on most gold prices. the debt crisis i

almost three hundred twenty billion dollars in the next forty years the second in one project led by exxon mobil is the most profitable the states with production may reach one hundred and eight to six billion dollars including taxes so one into that gas from may bring about one hundred twenty eight billion dollars to the budget revenues from. the project made total twelve billion dollars russia's budget received about one and a half billion dollars from the sweet projects last year. one of russia's leading travel companies interest around europe second largest tour operator thomas cook have announced a new joint venture r t correspondent but you know about has the details of the deal. thomas cook told us today that they paid forty five million dollars for fifty point one cherries but i do hope in the nearest future maximum till twenty fifty to acquire the rest of this year so as we were told today of by of the general director of thomas cook at the been chasing for this deal for the last three years and it was a fantastic deal for this company to before bruce going to introduce through to the w

exxon, mobil and royal dutch and shell the same thing not too long ago.e will take a break, back with more headlines than just a minute. a live look, shot of san mateo bridge, here red and 92 looks like it's moving well. [ woman on tv ] if you won't let me in, you can't really love me. i know about gayle. i don't know what you're talking about. if you just tell me what happened... [ ding ] [ man ] 35th and archer. next stop hamilton. [ brakes hiss ] ♪ [ male announcer ] u-verse brings you entertainment across all three screens on your tv, smartphone and online. now get up to $300 back via promotion cards. at&t. rethink possible. joey came over to watch the game when the storm rolled in. 3rd quarter. in through the ceiling. i switched to mercury to save on car insurance, boy am i glad they cover my home too. they fixed the ceiling, replaced the couch, they even cleaned the carpets. wish they would have cleaned this up. you know, like a makeover. save up to 15% when you combine your auto with home or renter's policy. get a fast free quote at mercuryinsuranc

components were also weak that's correct while prices slid chevron fell one point three percent while exxon mobil lost one percent. and european stocks declined on tuesday as the region's debt crisis intensified under who showed us home prices rose less than full cost in september been prepared pallette bank stocks lower the important day as a teller in spanish government bonds slumped bank and commerzbank fell on the debt striking losses and european banks misled lows last two point two percent us credit suisse corp cut its rating on the show as both us time and almost six years. and in russia the my six on the r.t.s. finished tuesday's session ahead it was the biggest gain in a chair as opposed to twenty point two percent the most since june it comes off to the second largest group producer reported strong results. russian stock walk is have been quite stagnant today despite the presidential address as the director of equities sales that created explains. neutral impact on the markets we haven't seen any significant reaction in terms of chips on any of the things mentioned by president that if

under his plan, people like warren buffet, bill gates, rex tillerson, the head of exxon mobile would get the tax break. they are not small businesses. and the plan i've proposed would encompass virtually all small businesses. >> schieffer: you would not be in favor of a temporary extension of the upper income tax cuts as some democrats are talking about that they might entertain that? would you.... >> i think it would be much much better to raise the limit to a million dollars rather than give it to people who are multibillionaires whose income has gone up dramatically over the last ten years. it's about the only group in america, the high very income who has had a gain in income. >> schieffer: what do you think the chances are of actually getting this done in this special session? >> well i think there's a good chance, bob. the american people want us to do a tax cut. i really believe that the republican party will not hold hostage middle class tax cuts for tax cuts for millionaires and billionaires. when they talk about small business they have something that i think is reasonable.

exxon-mobile is viewed as a cautious company. we're sometimes criticized for beinto cautious, and yet meeting the growing demand for energy is risky. our employees operate some of the most complex technologies in somef the world's harshest environments. how we continue to progress technologically with risk is that advancing human progress does not mean avoiding risk, but managing rk by identifying it, andtaking steps to mitigate it. no company, ngding my own, lays claim to a 100% success rate in this endeavor, yet that rains our clear goal. in closing, there's three points i hope you consider in deliberations. first, a culture of safety has to be born within the organization. you cannot buy culture. you have to make it yourself. second, make no mistake, creating a strong sustainable safety culture is a long process. if an organization is truly going to overall its approach to safety, it has to be committed from day one, but you can't start until you stop until you start and you'll never finish. finally i want to return to oims. i

and exxon-mobil has committed $300 million to venter's company to genetically enhance an algae that lives off carbon dioxide and produces an oil that can be refined into gasoline. so you're trying to cut down on co2 in the atmosphere, which people believe causes global warming, and also create a fuel? >> venter: exactly. the question is on the scale that it needs to be done at, you know? facilities the size of san francisco. >> kroft: really? >> venter: yes. >> kroft: the city? >> venter: yeah. >> kroft: venter and his team are not the only players in this growing field known as synthetic biology. for years, dupont has been using genetically modified bacteria to make a compound used in clothing and carpets. amyris discovered a way to genetically modify yeast to produce an anti-malarial drug. another company, ls9, has altered the genes of e. coli bacteria to produce fuel. but all of them are modifying a few genes, not designing all of them. venter's rivals say his method is commercially impractical. but he's made a career out of bucking the scientific establishment, and earned lots of enem

it's not being felt in a way that exxon mobil is turning around and getting a million dollar check to tim griffin, let's just so a name out of the hat, tim griffin. it's more likely because there's some blowback. it's more likely to get one thing dollars to groups like american crossroads, gps. what is american crossroads gps but does anyone know it's an run by karl rove? know. most people don't know that. so that's the interesting thing, it starts to get murky. democrats are nothing -- we need to do this, too. that's the worrisome situation that essentially, you know, the billionaires fight off on both sides and that was exactly not the model that obama was predicated, that ordinary people make a tremendous amount of difference in the political process through their 5-dollar contributions. rather than, there's two things he can do. most obvious legislative takes is to disclose act which has failed twice in congress that it failed in the senate by 59 votes that again, shouldn't been a failure. 59 votes should have guaranteed passage. it underscores my point. the other thing i think we

of the reasons we have a tax code in this system, a tax system, where it's entirely possible for exxon mobilless percentage in taxes than a plumber from sandusky, ohio, pays. >> warren buffett, 14%. >> it's crazy. >> it's very interesting. we got a quote from nancy pelosi -- she's a minority now. you throw bombs at the minority. i don't think we heard one from harry reid. john boehner also kind of quiet. the people that are actually running things now, i think before they say anything, i think they're going to actually think. >>> coming up, a political earthquake in the democratic party. why nancy pelosi may be looting her footing among supporters. that story is next in the politico playbook. new brutally graphic warning labels on cigarette packages. will the photographs make smokers think twice? they should. >> seriously. >> yeah, seriously. >>> first here is bill karins with a check of the -- >> big mac in my left hand, silg rhett in my right. >> we're supposed to worry about joe getting to 69, right? we'll talk about joe's health issues. now we'll talk about the weather. good morning ever

a panel on industry safer -- safety culture featuring palis from the shell oil company and from exxon mobil. starting at 4:00 we'll be hearing wrapup comments from the commission's chief counsel, mr. fred bartlit. and a senior science engineering advisor, richard sears. following closing remarks are to co-chairs, there will be public comments made from 5:00 to 5:30. in addition, any member of the blic who is pushing to make a public comment to this commission may do so in writing via the committee's website, which is www.oilspillcommission.gov. again, that is www.oilspillcommission.gov. and at this point i would like to end the floor over to our to go chairman, co-chairman, senator bob graham and the honorable william reilly. >> thank you, chris. mr. chairman. >> good morning. presentations and examinations yesterday uncovered a suite of bad decisions. failed cement tests, premature removal of blood under balanng the well, a negative pressure test that failed but was judged as a success. apparent inattention, distraction, or misreading of a key indicator that gas was rising toward the rig.

exxon mobile last year profit to the tune of almost $1 trillion as reported on c-span and on cnn. what did they get? they got a $156 million refund. they never paid a dime in taxes. that type of situation has been going on for years in this country. if we solve the problem in terms of them paying their fair share of taxes and we stop spending hundreds of thousands of -- sending hundreds of thousands of boys overseas, we would not be concerned about deficits or the course of health care. thank you. caller: another regular viewer, "what we spend so much of the military? what are we afraid of? if we're the best place to live, then what a big military?' welcome to the conversation. caller: good morning. i am wondering now that the steep -- now that the democrats got wiped out on the domestic situation, what will lead you do about -- what will you do about afghanistan and bashing bush? the mainstream media is going back to that in order to fight uh -- yes, i am here. well, i am saying the mainstream media has nothing to say about this, like the upcoming trials for corruption and all th

a panel on industry safer -- safety culture featuring palis from the shell oil company and from exxon mobil. starting at 4:00 we'll be hearing wrapup comments from the commission's chief counsel, mr. fred bartlit. and a senior science engineering advisor, richard sears. following closing remarks are to co-chairs, there will be public comments made from 5:00 to 5:30. in addition, any member of the public who is pushing to make a public comment to this commission may do so in writing via the committee's website, which is www.oilspillcommission.gov. again, that is www.oilspillcommission.gov. and at this point i would like to end the floor over to our to go chairman, co-chairman, senator bob graham and the honorable william reilly. >> thank you, chris. mr. chairman. >> good morning. presentations and examinations yesterday uncovered a suite of bad decisions. failed cement tests, premature removal of blood under balancing the well, a negative pressure test that failed but was judged as a success. apparent inattention, distraction, or misreading of a key indicator that gas was rising toward the r

this chart is from exxon mobile by like it. it shows the united states share of the fuel, how we fuelled the country since 1859 with forecasts going up to i think 2030 or 2035. if you think about 100 years ago or so, coal was king and the turn of the last century and there were articles of the time worried of running out of coal and us today many people are worried about running out of oil just think the changes if you were at the start of a century ago and you were looking out to the future, just think all the changes that happen and that century the cars, the automobiles, the men on the moon, our communications system have the instant communication with one another. the have no idea what was coming and i think if anything that is now accelerating in our lives, and we have no idea either, and that leaves me very optimistic actually about the future because i feel we have a lot of possibilities. we are going to have technologies we have not envisioned that are going to change our lives moving forward but in the meantime, we are

this chart is from exxon mobil, but i like it. it shows the united states share of our fuel, how we have to do this country since 1859 with forecast going out to, oh, i think 20, 235. and if you think about 100 years ago or so, coal was king. the turn of the last century, and there were articles at the time they were worried about running out of coal. and just as today many people are worried about running out of oil. and just think, the changes, if you are at the start of a century ago, and you were looking out to the future, just think, all the changes that happen in that century. the car, the on the bill, the man on the moon, our communication system, the is a communication with one another. they had no idea what was coming. and i think if anything, that change is now accelerating on our lives. we have no idea either. that leaves me very optimistic asked about the future because i think we have a lot of possibilities. will have technologies. we have an invasion. that are going to change our lives. but in the meantime we are in

he was competing with mobil, competing with exxon, competing with chevron. and he was bound and determined to use mergers and acquisitions as the lever to propel bp into the big leagues. >> by merging our assets and our prospects with those of amoco... >> narrator: browne began by purchasing amoco. >> if you put the two together, you have a world-class set of complementary assets. >> narrator: then, quickly, browne would buy six other companies, including arco with its large alaskan holdings. >> putting the two companies together... >> narrator: in just five years, he quadrupled the company's value. >> we'll be the largest producer of oil in the non-opec world. >> it's a remarkable feat. almost overnight, bp became a world player. >> time to go beyond. >> beyond. >> beyond. >> they went from a struggling also-ran into a company that was fast on the heels of exxon, the largest company in the world. >> the people of bp believe it's time to go beyond what the world expects from an energy company. >> narrator: but by the end of his buying spree, browne was under