How Big Business Is Hedging Against the Apocalypse
Rex Tillerson stood under a 32-foot pipe organ at the Morton H. Meyerson Symphony Center in Dallas, explaining how the world worked. It was May 2015, in the middle of Continue Reading
From molecules to electrons; can Big Oil become Big Power?
European oil companies have started to address what they worry may one day be an existential threat to their business — the end of a century of oil demand growth Continue Reading
Exxon offers first glimpse of results from expanded trading unit
Exxon Mobil Corp has offered a glimpse of the scale of its nascent energy trading operation, disclosing operating profit and losses of about $230 million during each quarter last year, Continue Reading
Exxon makes final investment decision on Singapore complex expansion
Exxon Mobil Corp said on Tuesday it had made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore that would help it increase Continue Reading
Oil majors and utilities begin battle for power
Ten years ago, you knew where you stood with your energy suppliers. Oil companies sold road fuel, while utilities supplied electricity and gas. Today, those old lines of demarcation are Continue Reading
How Big Oil Could Become Big Electricity
When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Continue Reading
Big Oil Is Backing Methane Regulation
The oil industry has suddenly grown concerned about its methane emissions. In Houston, Shell executives urged the EPA to stick with federal regulations on methane. EOG Resources has agreed to Continue Reading
Exxon Punished By Wall Street For Spending Strategy
ExxonMobil plans to ramp up spending on multiple oil ventures over the next few years, an aggressive gambit to increase oil production and fatten profits. Wall Street, however, isn’t so Continue Reading
Exxon Sees Earnings Rising By Over $4B Through 2020
ExxonMobil expects its earnings to grow by more than US$4 billion from 2019 to 2020, the U.S. supermajor said in its Investor Day presentation on Wednesday. In 2018, Exxon booked Continue Reading
Exxon adds 4.5 billion barrels to reserves in 2018
Exxon Mobil Corp said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, driven mainly by increases in its holdings in the U.S. Continue Reading