Shell’s Slide Is A Major Red Flag For Oil Markets
Royal Dutch Shell reported a steep drop in earnings in the fourth quarter, and the financial squeeze may slow the pace of share buybacks and force more asset sales. Shell’s Continue Reading
Shell profits halve in ‘challenging’ economic conditions
Lower oil and gas prices, weaker refining and chemicals margins and “challenging” economic conditions almost halved Royal Dutch Shell’s fourth quarter profits and forced the energy major to slow the Continue Reading
Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
ExxonMobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks after Exxon said it had secured Continue Reading
Does Exxon Know Something About Biofuel That Its Peers Don’t?
Oilprice has been reporting on the long, drawn-out death of the dream of algal biofuel for years . A field once crowded with startups and hyperbolic promises of industry disruption Continue Reading
5 Reasons Why Big Oil Is Here To Stay
The investment case for oil companies has been under attack recently. Climate change activists know that the dividends paid by the largest of these companies are among the most lucrative Continue Reading
Bernard Looney, a polished oilman at BP
Bernard Looney, the incoming chief executive of BP, has spent the past few months letting critics tell him how terrible his company is. Concerned that the energy major had become too Continue Reading
Exxon Prepares Sale Of UK, German Oil & Gas Assets
As part of its global program to sell assets, ExxonMobil is about to launch a process to sell its upstream oil and gas operations in the UK and Germany, Bloomberg Continue Reading
Behind Closed Doors: Big Oil Talks Broader Emission Cuts
Several of the world’s largest oil companies talked behind closed doors on Wednesday about the potential adoption of more stringent emission reduction targets that could include emissions from the products Continue Reading
The “Twin Threats” Facing Big Oil
The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The Continue Reading
Is This The End For Big Oil Dividends?
The largest publicly-traded oil companies in the world have been “living beyond their means” for years. Since 2010, the five largest oil majors have spent vastly more than they have Continue Reading