Exxon Mobil shares surge to record intraday high
Cars are seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly HOUSTON, Oct 21 (Reuters) – Exxon Mobil Corp (XOM.N) shares passed Continue Reading
Russia Wipes Out Exxon’s Stake in Sakhalin Oil-and-Gas Project
Share As the West tries to move away from Russian energy sources and imposes sanctions on Moscow, China and India have stepped in to fill the gap. WSJ examines how Continue Reading
Chevron CEO Blames Climate Policies For Global Energy Crisis
Chevron CEO Mike Wirth warned that the premature transition to green energy is already having a major impact on Europe. The oil company chief noted that the global energy crisis Continue Reading
Exxon’s Exodus: Employees Have Finally Had Enough of Its Toxic Culture
The 140-year-old oil company is making more money than ever. Yet the pandemic exposed deep cultural problems—and talent is fleeing. Illustration: Saratta Chuengsatiansup for Bloomberg Businessweek Shortly after Exxon Mobil Continue Reading
Exxon signals strong Q3 earnings on natural gas pricing
Exxon Mobil Corp (XOM.N) on Tuesday signaled strong third quarter operating profits on the heels of the prior quarter’s all-time high as earnings from natural gas offset weaker refining and Continue Reading
TotalEnergies to spend 1 billion euros in next two years on energy efficiency
TotalEnergies (TTEF.PA) said it would spend 1 billion euros ($962.60 million) over the next two years to help businesses become more efficient in their use of energy at a time Continue Reading
ConocoPhillips, JERA proposing to develop U.S. hydrogen gas plant
ConocoPhillips, one of the largest U.S. independent oil producers, will provide natural gas and manage a carbon capture and storage facility for a proposed U.S. hydrogen gas project to be Continue Reading
Exxon, Shell sell California oil assets for $4 billion to IKAV
Exxon Mobil Corp (XOM.N) and Shell Plc (SHEL.L) on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long Continue Reading
Shell Walks Away From Major Russian LNG Project With Nothing
Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s Continue Reading
Shell CEO: Europe’s Gas Crisis Could Continue For Multiple Winters
Europe could continue scrambling for gas supply for a number of winters due to low gas flows from Russia, according to the chief executive officer of supermajor Shell. “It may Continue Reading
Big Tech Helps Big Oil Pump More, Belying Climate Pledges
Microsoft and Amazon say they’re accelerating a transition to a greener future, but critics argue they’re helping prolong the fossil-fuel age. Oil pump jack. Photographer: Ian Tuttle/Bloomberg It’s been a Continue Reading
Big Oil Is Paying Out Years of Dividends in One Day
Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day — and sometimes more Continue Reading
ConocoPhillips Profit Jumps To Over $5 Billion
ConocoPhillips has reported a rise in second-quarter 2022 earnings. The company earned $5.1 billion compared with second-quarter 2021 earnings of $2.1 billion. U.S. supermajor ConocoPhillips has reported a rise in Continue Reading
Big Oil offers big returns but keeps spending tight
– The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in Continue Reading
Exxon Second Quarter Earnings Now Stand As Company Record
ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Bn. A record quarter for the company. U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Continue Reading
Exxon Second Quarter Earnings Now Stand As Company Record
ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Bn. A record quarter for the company. U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Continue Reading
Exxon, Chevron, Shell Report Record Profits on High Energy Prices
U.S. gas prices have hit a record high and are showing no signs of going down. That’s largely because oil companies are no longer incentivized to drill more as oil Continue Reading
Shell And TotalEnergies See Risk Of Higher Oil Prices
Shell CEO van Beurden: there is more upside than downside for crude oil prices. Van Beurden sees ongoing tightness in crude oil supply. TotalEnergies CEO Pouyanne also stated that he Continue Reading
Is This The Most Succesful Western Oil Major In The Middle East?
French oil major TotalEnergies has successfully closed a number of high-profile deals in Qatar, Iraq and the UAE. TotalEnergies is seen by some senior members of the EU as sometimes Continue Reading
Chevron CEO Sees Oil Prices Rebounding On Tightening Supply
Oil prices might be down on Wednesday, but that situation could be short-lived, according to Chevron CEO Michael Wirth, who spoke at the CNBC Evolve Global Summitt on Wednesday. According Continue Reading
Shell unable to supply Prelude LNG cargoes until July 21
Shell on Monday told customers it would be unable to supply liquefied natural gas (LNG) cargoes from its Prelude facility off northwestern Australia due to industrial action over a pay Continue Reading
Shell Has Big Plans to Drill in the Gulf of Mexico Despite Climate and Political Debate
Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell SHEL -1.21%▼ PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to Continue Reading
Shell Sees $1 Billion Gain in Refining on Record Fuel Prices
Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter when gasoline prices broke records in Continue Reading
Exxon Sees $5.5 Billion Refining Windfall as Gas Prices Soar
Exxon Mobil Corp. ’s second-quarter refining earnings surged by as much as $5.5 billion, signaling a season of windfall profits for the fuel-making sector as consumers bear the burden of Continue Reading
Exxon Says Quarterly Profit Could Hit $18 Billion
Exxon Mobil Corp. is forecasting banner second-quarter earnings that could come in as high as about $18 billion, largely on higher oil-refining margins and rising prices for oil, natural gas Continue Reading
Exxon about to shut down French Fos refinery due to strike
Exxon Mobil (XOM.N) said on Friday that a strike by workers over pay was forcing it to gradually shut down operations at its Fos refinery plant in southern France. “We Continue Reading
Shell Warns Spare Oil Capacity Is Running Very Low
Shell CEO van Beurden: spare capacity is running very, very low. van Beurden: demand for oil and gas is still recovering despite the current economic and pandemic challenges. Shell: it Continue Reading
USA Energy Sec Leads Meeting with 7 Major Oil Companies
Granholm led an in-person meeting with CEOs and executives of seven major U.S. oil companies. The U.S. Department of Energy (DOE) confirmed Thursday that Secretary of Energy Jennifer M. Granholm Continue Reading
ExxonMobil CEO says oil and gas markets may be tight for 3 to 5 more years
Highlights ExxonMobil wins part of Qatar LNG expansion Kuwait can increase oil output: KPC CEO Underinvestment causing high prices: Qatar’s Kaabi Oil and gas markets may be tight for another Continue Reading
ExxonMobil Made More Money Than God This Year
‘We’re going to make sure that everybody knows Exxon’s profits’. ExxonMobil made more money than God this year. That’s what U.S. President Joe Biden said on June 10 in White Continue Reading
Shell Is Looking To Shake Up The Energy Game In Texas
Europe’s biggest oil firms are rushing to diversify their portfolios while expanding into green energy. Shell announced this week that it will begin selling electricity generated from renewable sources directly Continue Reading
Shell Gets Green Light To Develop Jackdaw Gas Field
Shell won official consent to develop the Jackdaw natural gas field in the UK North Sea, eight months after the country’s regulator blocked the project on environmental concerns. Shell Plc Continue Reading
ExxonMobil Selling Shale Assets for $750MM
The transaction is expected to close in the second quarter of this year. ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale Continue Reading
European Oil Majors Report ‘Exceptional’ Trading Profits
All three of Europe’s largest oil majors have reported their highest quarterly earnings in years, with their trading arms playing a key role. While none of Europe’s oil majors report Continue Reading
Exxon Neftegas declares force majeure at Russian Sakhalin 1 project
ExxonMobil continuing efforts to exit project Russian crude trading at significant discounts ExxonMobil’s Russian subsidiary Exxon Neftegas has declared force majeure for its Sakhalin 1 project, a spokesperson told S&P Continue Reading
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
Chevron, union reject proposals in California refinery strike -official
Chevron Corp (CVX.N) and the United Steelworkers union (USW) rejected each other’s proposals to end a month-long strike at the company’s Richmond, California, refinery, a union official said on Monday. Continue Reading
Chevron, union meet as California refinery strike enters third week -official
Chevron Corp (CVX.N) and the United Steelworkers union (USW) met on Monday to seek an end to a three-week-old strike by 500 workers at the company’s Richmond, California, refinery, a Continue Reading
Chevron, union negotiators to meet over California oil refinery strike
Negotiators from Chevron Corp (CVX.N) and the United Steelworkers union (USW) are scheduled to meet on Monday to discuss a possible end to a strike at the company’s oil refinery Continue Reading
Shell in race for $1.1 billion Spanish green energy projects
Oil major Shell and utilities Naturgy (NTGY.MC) and Verbund (VERB.VI) are preparing binding bids to buy renewable energy assets in Spain valued at about 1 billion euros ($1.1 billion), three Continue Reading
Shell Warns of Up to $5 Billion Hit From Russia Exit
Russia’s attack on Ukraine helped push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation Continue Reading
Shell Idles LNG Ships Owned by Russia to Avoid Sanction Risk
The SCF Timmerman LNG tanker. Photographer: V. Tonic/Marine Traffic. Shell Plc decided to idle two liquefied natural gas vessels chartered from a Russian company, in the latest example of an Continue Reading
Exxon’s $8 Billion Bet On Brazil Is Paying Off
Brazil is looking to fill part of the supply gap caused by sanctions on Russia over its invasion of Ukraine. Despite a miss on Exxon’s recent exploration push, Brazil’s oil Continue Reading
Exxon Mobil gets Guyana’s approval for fourth offshore oil project
Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country’s Environmental Protection Agency. The permit will Continue Reading
Chevron, union schedule talks to end California refinery strike
Negotiators for Chevron Corp (CVX.N) and the United Steelworkers union (USW) are scheduled to meet next week in an effort to end a strike at a San Francisco-area refinery, spokespeople Continue Reading
Union workers at Chevron refinery prepare for strike on Monday
The union representing workers at a Chevron oil refinery in Richmond, California, has told its members to prepare for a strike shortly after 12 a.m. on Monday barring agreement on Continue Reading
Shell faces $0.4 bln writedown on exit from Russian downstream business
Shell (SHEL.L) faces further writedowns from exiting Russia over the country’s invasion of Ukraine, it said on Thursday, flagging that it had $0.4 billion in Russian downstream assets as well Continue Reading
The massive disconnect between Big Oil’s words and actions, in data
Getty Images Big oil companies love to talk about a cleaner future — and how they’re going to make it happen. Over the last two years, Shell, BP, Chevron, and Continue Reading
Shell says controversial purchase of Russian crude is to ensure European refinery supply
Highlights Traders, refiners shunning Russian oil over Ukraine Shell lifts cargo at record low level in Platts MOC Shell promises to commit profits from Urals to humanitarian fund Shell explained Continue Reading
Exxon’s Bank in Russia Among Those Hit by Sanctions Over Ukraine
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people Continue Reading