The global oil industry is grappling with a complex set of pressures weighing on oil markets as major producers try to navigate an increasingly rocky energy transition that is picking up steam. Benchmark Brent prices have […]
Warren Buffett’s Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor’s stake in the oil company to just over 25%. Buffett’s conglomerate purchased another 2.1 million shares of Occidental in the […]
ExxonMobil (NYSE: XOM) expects to book sharply lower second-quarter earnings compared to the same period last year and to the first quarter, due to low natural gas prices and lower refining margins. For the first […]
Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months. Lower earnings in the two divisions are likely to reduce […]
In a surprising shift within the energy industry, major fossil fuel players are boldly asserting that natural gas will play a pivotal role in the transition to a greener future, Bloomberg reported. Industry leaders such […]
A week after an employee of the world’s largest asset management company, BlackRock, described how the company attempts to stay out of the media spotlight while buying politicians and profiting off of war (according to […]
The International Energy Agency (IEA) recently published its medium-term outlook for the oil market. On the one hand, the IEA expects oil demand to continue rising over the next five years. However, it sees demand […]
(Bloomberg) — The biggest fossil fuel players are making the message clear: the transition to a green future will require much more natural gas. From Shell Plc to Chevron Corp., the world’s top producers plan […]
Over the past decade, green and socially-responsible investments, aka ESG (Environmental, Social, and Governance) investing, have emerged as one of the biggest investment megatrends in modern times. For years, trillions of dollars in new global funds flowed […]
BERLIN (AP) — The head of the United Nations launched a tirade against fossil fuel companies Thursday, accusing them of betraying future generations and undermining efforts to phase out a product he called “incompatible with […]
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