Occidental Petroleum will cut spending for 2020 by 40 percent, the company said during its third-quarter earnings call, after it reported a net loss for the first quarter after its Continue Reading
ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, nearly half of its profit from one year ago, according to the company’s third quarter earnings statement. ExxonMobil Corp. Continue Reading
It’s rare for a current or former leader of one of the world’s largest energy producers to testify under oath about climate change. That’s why a New York courtroom was Continue Reading
After years of anticipation, ExxonMobil goes on trial this week. The oil major has been under scrutiny for years by several state attorneys general over allegations that the company intentionally Continue Reading
BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday, as it looks to reach divestments worth $10 billion by Continue Reading
Exxon Mobil Corp ( XOM.N ) said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits Continue Reading
Royal Dutch Shell is building a business with the potential to return US$125 billion or more in the form of dividends and share buybacks to shareholders between 2021 and the Continue Reading
Shell announced higher, longer-term capital spending and cash flow targets for the coming years Tuesday, as the oil major looks to underpin growth by further developing its gas-rich upstream portfolio Continue Reading
Rising U.S. production weighed on oil prices in the first quarter compared to the same period last year, and those lower prices, combined with weak refining margins, impacted the revenues Continue Reading
Western integrated oil majors posted a mixed set of first-quarter earnings results, with most continuing to grow production and some proving resilient to the impact of lower oil and gas Continue Reading
