At a conference about energy finance and the energy transition on May 19, Occidental Petroleum CEO Vicki Hollub stated it plainly, “We will never walk away from oil and gas…and our carbon management business will […]
Climate change protesters were dragged away as they tried to storm the stage at Shell’s shareholder meeting Tuesday, while activist investors added pressure with a resolution demanding the global oil and gas giant beef up its emissions […]
Occidental Petroleum Corporation (NYSE:OXY) released a solid earnings report for FQ1 this week. However, that hasn’t been enough to stem a slide in OXY that started in early April, as the boost from the OPEC+ production cut faltered. Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren […]
In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the Anadarko takeover. The news comes […]
Saudi Aramco announced a 19% drop in quarterly profits when compared with the same period in 2022. This marks the first year-on-year decline for the company’s profits since 2020. Saudi Aramco, which is primarily owned […]
The oil giant plans to patiently wait for the right acquisition opportunity to arise. ExxonMobil (XOM 0.03%) is swimming in cash these days. During the first quarter, the oil giant generated $16.3 billion in cash. Even after spending […]
Exxon Mobil on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices […]
Energy giants Chevron (CVX) and Exxon Mobil (XOM) topped Wall Street estimates for first-quarter financials Friday. However both company’s saw revenue slip compared to a year ago, as the two U.S. majors come off booming […]
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, […]
BW Energy said Monday it had fulfilled the first oil delivery from the Hibiscus/Ruche field, in the first phase of the project offshore Gabon. “Production performance from the first well has been in line with […]
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