City of Industry, CA --(www.USEquityNews.com)-- 10/31/2007 - Energy industry alert provided by U.S. Equity News. Shares of Exxon Mobil Corp. (NYSE: XOM) edged higher recently after the Supreme Court agreed to review the $2.5 billion in punitive damages Exxon was ordered to pay for the 1989 Exxon Valdez oil spill. Shares rose $1.40, or 1.5 percent, to close at $93.61. Exxon is arguing that the $2.5 billion in damages is too much. A jury awarded $5 billion to thousands of Alaskan plaintiffs in 1994, and a federal appeals court halved those damages.

A federal jury has awarded $5.57 million to a former Chevron Corp. (NYSE: CVX) engineer who alleged she was fired in retaliation for complaining about the conduct of a supervisor who is now the oil company's chief compliance officer. The unanimous verdict reached recently in San Francisco found Chevron wrongfully terminated Kiran Pande's 15-year career at the San Ramon-based company in 2003. Pande sued Chevron a few months later, maintaining her dismissal was tied to a harassment and discrimination complaint she filed in 2002 against Rex Mitchell.

BP's ampm (NYSE: BP) convenience store has been ranked 39th in the 2007 Franchise Times "Top 200." The companies that made the list have a minimum of 20 percent of total units operated by franchisees. Worldwide sales are also a factor in the rankings. ampm is the only convenience store owned by an integrated oil and gas company to make the list.

Holloman Energy Corporation (OTCBB: HENC) has scheduled Hunt Oil's "Hunt 3" drill rig for an anticipated spud date of November 15th, 2007. Holloman Energy Corporation retains the oil & gas exploration permits PEL's 108, 109, & 112, located in South Australia in the prolific Cooper/Eromanga Basin. Holloman Energy Corporation (the Operator) has agreed to drill and complete three exploratory wells in the northern section of PEL 112. For the full StocksJournal CFA report, please visit, http://www.stocksjournal.com

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