BP Plc offered more evidence that Big Oil has barely begun to heal the wounds from last year’s historic slump. The Western world’s largest energy producers were supposed to be sailing into the fourth-quarter earnings season […]
Exxon Stock Down Ahead Of Earnings Exxon will report fourth-quarter results before the market opens Tuesday. Chevron unexpectedly reported a Q4 loss Friday despite the rebound in crude oil prices. Estimates: Earnings is seen plunging over 97% to […]
OPEC and its allies can celebrate their success in buoying world oil markets when they gather this week. But the coalition will soon be faced with some tough choices. Last month’s pledge by Saudi Arabian Energy Minister […]
Beijing: China launched a carbon trading system Monday designed to drive down emissions, as the world’s biggest polluter takes steps towards decarbonising its economy by 2060. The scheme lets provincial governments set pollution caps for big-power businesses for the first […]
As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is the most important thing they can do. No more insurance, no more coal. It’s something Sunrise […]
BP chief executive Bernard Looney said today that he would “emphatically” put value over volume when making low-carbon acquisitions. Responding to shareholder concerns, Mr Looney stressed BP wouldn’t do deals for renewable energy technologies and projects if […]
A unit of GCL-Poly Energy Holdings Ltd. defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd. announced the default in a Monday exchange filing. The […]
Exxon Mobil Corp. pledged to spend $3 billion on low-emission technologies through 2025 to address investor concerns over its environmental record, unveiling a plan that comprises several projects that have already been announced. Exxon said Monday […]
Exxon Mobil Corp. is expected to announce board changes as soon as Tuesday, and talks are continuing with investor D.E. Shaw & Co. that may lead to additional director nominations in the weeks ahead, according to people familiar […]
Energy News Beat Publishers Note: We have been talking about OPEC, and OPEC +, in their inability to enforce production quotas from their members. Some of the key talking points have been surrounding Iran, Iraq, […]
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