Shell is set to benefit from the higher commodity prices in the first quarter of 2021, but earnings will be adversely impacted by up to $200 million from the Texas Freeze in February, which hit the supermajor’s […]
Upstream oil and gas companies are responsible for significant greenhouse gas (GHG) emissions and are some of the largest carbon-emitting companies globally. As a result, upstream operators are under growing pressure from governments, shareholders and […]
The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their capacious holds is an unusual cargo: Russian petroleum. […]
ExxonMobil has slashed its 2025 global oil and gas production estimate to 3.7 million boe/d, even as it focuses on growing output at the Permian Basin and in Guyana, the company’s top executives said March […]
After creating havoc in the power and natural gas markets, the next commodity sector causing concern in Texas is the state’s enormous oil refining industry, where installations are being forced offline by the big freeze. […]
Broad markets rise as GameStop fury runs out (couldn’t quite hold the line), and big earnings dropping. S&P 500: 39% Nasdaq: 72% Dow Jones: 60% “Inevitably, and as with any technically-driven short squeeze, the Reddit […]
Venezuela’s navy has taken custody of two Guyanese fishing boats in the latest flare-up of a protracted border dispute that encompasses oil-rich deepwater acreage. The Venezuelan foreign ministry today refuted yesterday’s statement from Guyana alleging […]
Buy the rumor, sell the news as markets fall flat with Biden proposed $1.9 trillion stimulus. The Dow Jones Industrial Average traded 89 points lower, or 0.3%. The S&P 500 dipped 0.4%, and the Nasdaq […]
The Securities and Exchange Commission launched an investigation of Exxon Mobil Corp. XOM 3.90% after an employee filed a whistleblower complaint last fall alleging that the energy giant overvalued one of its most important oil and gas properties, according to […]
Exxon Mobil (NYSE:XOM) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Briefing.com reports. The brokerage presently has a $57.00 price objective on the oil and […]
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