Adapt Or Die: Oil Majors In The New World
The world’s biggest public oil company is facing a challenge: it needs to continue to grow in a world that is drastically different from what it used to be, back Continue Reading
Chevron Cuts Total 2018 Capex, Boosts U.S. Shale Investment
Chevron Corporation plans to cut its total capital and exploratory budget for a fourth consecutive year in 2018—to $18.3 billion, compared to the $19.8 billion that it planned for this Continue Reading
Eight energy majors commit to reduce methane emissions within natural gas industry
BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall committed to reduce further methane emissions from the natural gas assets they operate around the world. The energy companies also agreed Continue Reading
Exxon joins European oil firms in initiative to limit emissions
Exxon Mobil joined European peers including Royal Dutch Shell and Total in a new initiative to find ways to reduce potent emissions in their rapidly growing natural gas operations. BP, Continue Reading
Exxon, Shell, BP Join Forces to Cut Emissions From Natural Gas
Exxon Mobil Corp. has joined with seven other big energy companies to reduce pollution from natural gas production, an effort by the industry to present itself as part of the Continue Reading
Has The Big Oil Fire Sale Started?
The world’s largest sovereign wealth fund is exiting the oil market—a fact that is sure to have shaken Big Oil to the core. Divesting $35 billion worth of supermajor stocks Continue Reading
BP begins share buybacks as years of austerity pay off
BP said on Wednesday it would begin a share buyback program, making it the first major European energy company to resume buybacks since the 2014 price slump in a sign Continue Reading
Shell’s divestment streak continues, shedding Woodside shares
Picking up from where it left off before stating its earnings, Royal Dutch Shell said it was taking $1.7 billion for the sale of a stake in Australia’s Woodside. Shell Continue Reading
ConocoPhillips vows financial discipline as it aims to boost output
ConocoPhillips ( COP.N ) said on Wednesday it will boost oil and natural gas output for the rest of the decade but vowed it would do so only when it Continue Reading
Supermajors Square Off For The Top Spot In Oil
Brent’s close to $65 a barrel and WTI is climbing closer and closer to $60—and analysts are rushing to make bullish forecasts for the fourth quarter of the year. Big Continue Reading