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