ExxonMobil reported on Friday earnings of US$1.7 billion for the second quarter, a 59-percent tumble on the year, amid sharply lower commodity prices and weaker refining margins. Earnings per share Continue Reading
It is looking like another lost year for the world’s biggest oil companies, as profits shrank dramatically during the second quarter and they now face a volatile end to 2016 Continue Reading
Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon reported second quarter earnings at Continue Reading
Chevron Corp ( CVX.N ) posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp ( XOM.N ) reported a 59 percent slide in quarterly profit, both Continue Reading
Royal Dutch Shell’s ( RDSa.L ) chief executive, Ben van Beurden, has told investors that Britain’s decision to exit the European Union could slow its $30 billion asset sale plan, Continue Reading
Surviving the oil price crisis is tough enough on its own, but some oil industry players have had particularly bad luck, and some, such as Chevron, may very well have Continue Reading
Royal Dutch Shell ( RDSa.L ) said it will work with the British government and European institutions on any implications for its business from Britain’s decision to leave the European Continue Reading
Having turned round its North American shale business, Royal Dutch Shell is putting so-called unconventional energy at the heart of its growth plans, and believes lessons from the revamp can Continue Reading
BP Plc can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, Chief Executive Officer Bob Dudley said. The explorer has enough Continue Reading
Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden spelled out his main goal last week — surpass Exxon Mobil Corp. to become the best-performing oil major. “I am Continue Reading
