When Exxon Mobil Corp.’s newest addition to its southeast Texas refinery ramps up to full production in the next few weeks, it’ll be the first major expansion of US fuel-making capacity in at least […]
As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil projects and focusing more on investing in the Americas. Chevron says […]
A group of investors has tabled resolutions urging four of the world’s top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments […]
The worse the tech wreck, the more the fuel – so to speak – for energy gains, and following what has been the worst quarter for megacap tech names, most of which have tumbled double […]
The collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. Big oil firms are expected to earn less than in the blockbuster quarter that was […]
Oct 10 (Reuters) – Oil major Exxon Mobil Corp (XOM.N) is considering acquiring Denbury Inc (DEN.N), Bloomberg News reported on Monday, citing people familiar with the matter. Shares of Plano, Texas-based energy company Denbury rose 8% on the report. Exxon […]
The Biden Administration’s calls for U.S. refiners to limit their fuel exports would only lead to a more severe crunch overseas which will push crude oil prices and gasoline prices in America higher, U.S. supermajor […]
Imagine a clean energy future, and you might picture giant turbines twisting in the wind, or electric vehicles zipping quietly down the highway. Fossil fuels become relics, or disappear altogether. ExxonMobil has a different vision. […]
Congressional Democrats presented fresh evidence Thursday which they say proves that oil companies are continuing to mislead the public on climate change and undercut global efforts to reduce greenhouse gas emissions. At a hearing held […]
U.S. supermajors ExxonMobil and Chevron both reported their highest-ever quarterly profits on Friday. Higher oil and gas prices, the highest refining margins in years, increased production, and aggressive cost control all contributed to the record-breaking […]
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