Oil prices worldwide bottomed out last December around $33 per barrel. That price always comes to mind because it was a few days after OPEC announced another round of production cuts. It was only until recently that oil prices slid below $70 per barrel. That trend is about to change over the next decade. Companies will continue to spend record amounts of money on new investments. But if we’ve learned anything from 2008/09, it’s the public tolerance for oil prices. If people were suspicious of $100/bbl oil, they were outraged by $147/bbl by July. A return to triple-digit prices is inevitable; that’s also assuming we see a strong demand recovery in the latter half of 2010. See what our oil & gas analysts, at www.rothmanresearch.com, have to say about this sector.

So what are two of the major oil companies such as Exxon Mobil Corporation (NYSE: XOM), and Chevron (NYSE: CVX) going to do about it? A study conducted by leading online research platform RothmanResearch.com could put answers to inquiring minds.

*These reports can be downloaded for free at http://www.rothmanresearch.com/article/xom/23122/Mar-02-2010.html or http://www.rothmanresearch.com/article/cvx/23123/Mar-02-2010.html

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Despite concerns, very recently Exxon Mobile Corp. announced it will contribute $500,000 to Teach For America to recruit and train math and science teachers for public schools in low-income communities in Dallas, Houston, southern Louisiana and Washington, D.C.

The Exxon Mobil grant will be used to recruit more than 1,500 top college graduates from across the United States to teach middle-school math and science. The funds will also support Teach For America’s rigorous program of pre-service training, ongoing professional development and mentoring for these teachers. In 2009, Exxon Mobil invested more than $90 million in education initiatives worldwide. Other initiatives include the Exxon Mobil Reasoning Mind Teacher Qualification Program, partnerships with former astronauts Bernard Harris and Sally Ride to encourage students to study math and science.

While recently in total contrast, Chevron announced a natural gas find in Australia. The initial Gorgon Project development, in northwestern Australia, will include a three-train, 15 million-metric-tons-per-year liquefied natural gas facility and a domestic gas plant. The discovery is located in Australia’s premier hydrocarbon basin, where Chevron is the leading leaseholder.

On Jan. 7, 2010, Chevron and Nippon Oil Corporation signed a Natural Gas Agreement. John Gass, president, Chevron Global Gas, said, “We have a long history of working with Nippon Oil and, with this agreement, are proud to add a new dimension to that relationship.”