Here’s a switch. XTO Energy, the Fort Worth oil and gas company, promoted two executives last week and cut their pay potential for next year. It also eliminated the chairman’s bonus.

Acquisition numbers tell the story for XTO Energy Inc., the fast-growing oil and natural gas firm based in Fort Worth.

Old professors don’t fade away. They join the ExxonMobil board of directors.

Congress grilled oil company executives Tuesday about runaway energy costs and record profits. For Chevron, there was some irony. Former U.S. Senator Sam Nunn, a Georgia Democrat, is a member of Chevron’s board of directors.