Exxon Mobil profit tops estimates but production falls
Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices received for its oil and natural gas but its production volumes fell on a Continue Reading
BP’s oil and gas output flat in Q3 but BHP assets set to drive volumes in Q4
BP’s oil and gas production growth stalled in the third quarter but the company said Tuesday it expects upstream growth to resume withing days after closing its $10.5 billion acquisition Continue Reading
What Big Oil can learn from Exxon’s curious case
Do oil companies tell shareholders the unvarnished truth about the risks posed by climate change to their business models? Climate campaigners have long argued that they don’t, claiming that wicked Continue Reading
The case against ExxonMobil
In July 2014, ExxonMobil announced a $1bn investment to add new capacity to its refinery at Antwerp in Belgium. It was some rare good news for the European refining industry Continue Reading
Carbon Pricing Won’t Kill Big Oil
Investors in Big Oil are becoming more and more vocal about the negative effects of the industry on the planet. No longer is it just about profits. Investors are demanding Continue Reading
CEO: Oil, Gas Is Shell’s Core Business For The Foreseeable Future
Royal Dutch Shell is not ‘going soft’ on oil and gas, despite recent investments in cleaner energy and energy solutions—Shell’s core business is and will continue to be oil and Continue Reading
Big Oil Is Back On A Spending Spree
Big Oil—and its smaller competitors—attracted a lot of praise for their tight financial discipline during the last three years, after Brent collapsed from more than US$100 a barrel to less Continue Reading
Total eyes deepwater expansion to 2025, scope for new projects
Highlights 3 million boe/d output expected by 2020 Fabrication yards still massively underutilized Plans North Sea sales to ‘high grade’ portfolio London — Total expects its deepwater oil and gas Continue Reading
Exxon and Chevron join industry climate change group
ExxonMobil and Chevron, the two largest US energy groups, have joined the Oil and Gas Climate Initiative, a group of companies supporting curbs on greenhouse gas emissions. The move is Continue Reading
Feds Drop Obama-era ExxonMobil Probe
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue. The Continue Reading