US oil majors lose money on home oil and gas production
ExxonMobil and Chevron, the two largest US oil and gas groups, are continuing to lose money on oil and gas production in their home country, in spite of the rise Continue Reading
Disappointing Output Betrays Exxon, Chevron Profit Victories
Exxon Mobil Corp. and Chevron Corp. fell after reporting disappointing production for the third quarter that undercut outsized earnings results fed by climbing crude oil prices. Exxon churned out the Continue Reading
ExxonMobil’s output climbs as it plans to boost capex in 2018
Exxonmobil’s liquids and natural gas production climbed to nearly 3.88 million b/d of oil equivalent in the third quarter, up nearly 70,000 boe/d from the same quarter last year, the Continue Reading
Big Oil Sinks $1 Billion Into Climate Fund
The Oil and Gas Climate Initiative (OGCI)—the voluntary alliance of some of the biggest oil companies in the world— said on Friday that it had made its first three investments Continue Reading
Chevron may shed more of its portfolio
Anglo-Swiss multinational Glencore said Friday it was looking to spend close to $1 billion to buy most of U.S. supermajor Chevron’s assets in South Africa. Glencore said it was looking Continue Reading
ExxonMobil Dethroned As Top Energy Company
Gazprom dethroned ExxonMobil as the top energy company in the world, according to the 2017 S&P Global Platts Top 250 Global Energy Company Rankings . The rankings measure the financial Continue Reading
Gazprom steals spotlight from Exxon Mobil
Russian energy company Gazprom was ranked by S&P Global Platts as the top financial performer of the year, ending the reign for Exxon Mobil. Only two U.S. companies were in Continue Reading
Goldman Turns Bullish On European Oil Majors
Goldman Sachs has raised its earnings per share (EPS) estimates for the European oil majors’ third-quarter results, and believes that the stocks will start reversing their underwhelming year-to-date performance when Continue Reading
Is Big Oil Going Green?
Oil supermajors rank among the biggest polluters in the world—a hardly surprising fact. In recent years, however, Big Oil has reduced its greenhouse gas emissions, in what may come as Continue Reading
California cities sue big oil firms over climate change
California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, Continue Reading