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Big Oil Companies

Shell Stock Crosses Winning Threshold; Q4 Profits Leapt 67%

April 4, 2023 Mariel Alumit

Prospects for Shell stock and other oil majors look good as Russia’s war in Ukraine crimps global energy supplies. One important metric to look for in a stock is an 80 or higher Relative Strength […]

Big Oil Companies

Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil and gas lease sale

March 31, 2023 Mariel Alumit

Home Fossil Energy Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale The U.S. government agency Bureau of Ocean Energy Management (BOEM) has held an oil and […]

BP
Big Oil Companies

BP Stock Jumped 20% After Trimming Climate Targets — A Black Eye For ESG Investing?

March 23, 2023 Mariel Alumit

In early February, BP (BP), the London-based oil major that for decades prioritized sustainable, climate-friendly energy initiatives, announced it would dial down aggressive renewables and emission-reduction targets in order to refocus on oil and gas production. The […]

oil
Aljazeera International

How will a major oil project change East Africa?

March 21, 2023 Mariel Alumit

On Tuesday, March 21 at 19:30 GMT:Government leaders in Uganda and Tanzania say a rapidly developing oil drilling and cross-border pipeline programme will lift people’s living standards across the region. But some residents living near […]

Big Oil Companies

Haaland criticized over ‘difficult’ choice on Willow project

March 19, 2023 Mariel Alumit

​ WASHINGTON (AP) — In early March, President Joe Biden met with members of Alaska’s bipartisan congressional delegation as they implored him to approve a contentious oil drilling project in their state. Around the same […]

Oil
Big Oil Companies

Oil Majors Juggle Cheaper Crude With Lower Emissions

March 17, 2023 Mariel Alumit

The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future.    Unfortunately for Big Oil, not all basins and […]

Big Oil Companies

How is European and U.S. oil majors’ energy transition journey shaping up?

March 15, 2023 Mariel Alumit

Home Fossil Energy How is European and U.S. oil majors’ energy transition journey shaping up? While the transition to low-carbon and green sources is making strides on the global energy stage, the major energy players […]

Energy
Big Oil Companies

Is Big Oil Behind Local-Level Opposition To Green Energy? Not Likely.

March 14, 2023 Mariel Alumit

By Kevin Killough, State Energy Reporter Kevin@CowboyStateDaily.com Wind and solar projects are facing more local opposition. In a growing number of cases every year, local boards refuse to approve the projects. The Renewable Rejection Database, […]

Saudi
Big Oil Companies

Saudi Aramco reports record profit of $161.1 billion in 2022

March 13, 2023 Mariel Alumit

Summary Record net profit compares to $110 billion in 2021 Board recommends issuing bonus shares to eligible shareholders Aramco declares $19.5 billion dividend for Q4 DUBAI, March 12 (Reuters) – Saudi Arabian oil giant Aramco  on […]

Big Oil Companies

Investors Start To Realize The Energy Transition Will Take Decades

March 10, 2023 Mariel Alumit

Authored by Tsvetana Paraskova via OilPrice.com, Everyone in the oil and gas industry is now talking about decarbonization and net-zero emissions. Energy security and affordability have made their way to the top of the agenda. […]

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