Board fight at Exxon intensifies spotlight on climate change
ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue Continue Reading
Top Five Oil Firms Saw Revenues Fall 31% In 2020
The five largest oil and gas companies in the world saw their combined revenues drop by 30 percent last year, although they still generated more than $1 trillion in total Continue Reading
Shell weighs shut Louisiana refinery’s future as Baton Rouge firm promotes bid
Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 Continue Reading
Shell to sell interest in Deer Park refinery to partner Pemex
Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the Continue Reading
Shell on Trial as Court Weighs Its Climate Responsibility
A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives Continue Reading
ExxonMobil faces ‘winds of change’ as climate battle reaches boardroom
ExxonMobil, a titan of corporate America, faces a pivotal moment this week as restive shareholders have their say on what critics call an inadequate response to seismic shifts brought on Continue Reading
BP Starts Offshore Wind Recruitment Push
BP Plc has started a recruitment campaign for the people who will drive its expanding clean energy ambitions. The London-based oil and gas company is looking to fill 100 offshore-wind Continue Reading
Shell shareholders increase pressure for further climate action
Royal Dutch Shell (RDSa.L) shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing Continue Reading
BP’s lobbying for gas shows rifts over path to net-zero emissions
Oil major BP (BP.L) has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role Continue Reading
Big Oil Is In Desperate Need Of New Discoveries
The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks and a shift towards renewable energy, experts warned that nearly Continue Reading