The biggest oil companies in the world, including Big Oil, Saudi Aramco, Russia’s top oil producers, and the top oilfield services providers, saw their combined revenues fall by 35.4 percent Continue Reading
Royal Dutch Shell RDS.A 2.33% PLC bet big on natural gas as the energy source of the future when it bought BG Group for $54 billion. Five years later, it appears the gas era won’t Continue Reading
BP has dropped its oil and natural gas reserves replacement ratio as one of the company’s key performance metrics, it said March 22, underscoring the company’s ambitious plans to become Continue Reading
Shell doubled its crude and refined products trading profits in 2020 from 2019, with its trading offsetting some of the negative effects of the collapse in refining margins and fuel Continue Reading
Royal Dutch Shell RDS.A -1.01% PLC has appointed Andrew Mackenzie as its new chairman, tapping a mining veteran to oversee the oil and gas giant as it navigates the transition to low-carbon energy. The Continue Reading
Exxon, which is counting on carbon capture and storage as a primary way to achieve its targets for reducing greenhouse gas emissions , touted the recent creation of a new Continue Reading
Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last Continue Reading
Exxon Mobil Corp. XOM 3.73% added two new directors to its board Monday, as the beleaguered energy company tries to fend off calls for change from a pair of activist investors. The Texas oil Continue Reading
Exxon Mobil Corp. shareholders should reject activist investor Engine No. 1’s proposals at the company’s annual meeting, the oil giant said Monday in a preliminary proxy filing. The company said shareholders should Continue Reading
The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price Continue Reading
