Since the oil industry started to recover from the 2014 price crash, U.S. supermajors ExxonMobil and Chevron have been re-aligning their global operations with their longer-term priorities, betting more on Continue Reading
Royal Dutch Shell caved in to growing investor pressure over climate change on Monday with plans to set short-term targets for reducing its carbon footprint. BP and Total have already Continue Reading
Royal Dutch Shell will set carbon emissions targets next year and link these to executive pay, reversing its chief executive’s opposition and following intense pressure from shareholders who want fossil Continue Reading
The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their CEOs said on Wednesday. Oil Continue Reading
The oil price plunge of the past weeks has had OPEC considering a fresh production cut to prevent the next oil glut and steer Brent Crude prices back up closer Continue Reading
Antonio Sortino In August, a lawyer for Exxon Mobil told a state court in Manhattan that New York’s attorney general should either sue the company for misleading investors about the Continue Reading
Oil major Total’s output will rise to 3 million barrels of oil equivalent per day in 2019, Chief Executive Patrick Pouyanne said on Friday. The company has said its production Continue Reading
Big Oil majors are back in the black thanks to their corporate versions of austerity programs that saw spending shrink considerably along with costs. Shareholders have appreciated this, although they Continue Reading
Democrats were big winners on Tuesday, reclaiming the U.S. House of Representatives and winning a handful of state legislatures and governor’s mansions. But the oil and gas industry was also Continue Reading
Highlights Majors stick to capital discipline Shale rebound supports output growth Signs of cost inflation appear London — Most Western oil majors were able to lift production volumes in the Continue Reading
