Only Five Oil Majors Make The Fortune 500 List
The latest Fortune 500 list has four oil majors in the top 100 – Exxon, Chevron, Marathon Oil, and ConocoPhillips – and another one, Devon Energy at 219. All of Continue Reading
Why the Oil Majors Face Inevitable Decline
The oil majors are at a crossroads and there are growing signs that their business model can no longer last. The combined effects of cheap oil, the increasing difficulty in Continue Reading
Exxon investors vote for board nominating power
Shareholders in ExxonMobil have backed a resolution calling for investors to have greater powers to nominate board members, as the oil company faces growing pressure over its position on climate Continue Reading
Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress Tests
The images of journalists were reflected in the sunglasses of a drilling manager at a… Shareholders at Exxon Mobil Corp. and Chevron Corp. narrowly voted down resolutions calling for stress Continue Reading
Shell Cuts 2,200 More Jobs to Withstand Lower-For-Longer Oil
At least 5,000 jobs will be cut around the world this year Royal Dutch Shell Plc will cut 2,200 more jobs, taking the total tally of losses to 12,500 from Continue Reading
Big Oil Gobbles Up Record Debt as Borrowing Costs Decline
The world’s biggest oil companies are borrowing record amounts of money to cope with a slump in crude prices. Luckily, there’s rarely been a better time to go on a Continue Reading
Exxon Mobil Still Has Fuel in the Tank
Exxon Mobil lost its triple-A credit rating Tuesday. If crude oil’s steep selloff has taught anything, it is that no energy company is immune from it—not even industry stalwart Exxon Continue Reading