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HomeBig Oil Companies

Big Oil Companies

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. […]

fuel
Big Oil Companies

This ‘climate-friendly’ fuel comes with an astronomical cancer risk

March 9, 2023 Mariel Alumit

Almost half of products cleared so far under a new US federal ‘biofuels’ program are not, in fact, biofuels This article is co-published with ProPublica, a nonprofit newsroom that investigates abuses of power The Environmental Protection […]

Exxon
Big Oil Companies

Exxon says it is reevaluating Europe strategy after windfall taxes

March 8, 2023 Mariel Alumit

HOUSTON, March 7 (Reuters) – Exxon Mobil Corp. (XOM.N) is reviewing its role in Europe in view of new windfall profits taxes as it increasingly invests more in the U.S., Chief Executive Darren Woods said on […]

Big Oil Companies

US oil output to grow by 500,000 bpd in 2023, says Occidental Petroleum Exec

March 8, 2023 Mariel Alumit

U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president of Oxy Energy Services at Occidental Petroleum Corp […]

OPEC
Big Oil Companies

OPEC Chief Dines With US Shale Bosses as Supply Issues in Focus

March 8, 2023 Mariel Alumit

​OPEC Chief Haitham Al-Ghais broke bread with US shale bosses Monday night in his first meeting with the producers since he took the helm of the oil cartel in July. At the table, which included […]

hydrogen
Big Oil Companies

hydrogen-fueled gas turbine engine could lead to lower carbon intensity

March 8, 2023 Mariel Alumit

Chevron and Caterpillar-owned Solar Turbines are working together to adapt a low-emissions turbine engine partially fueled by hydrogen. Blending hydrogen with traditional fuels to power the engine could help reduce its greenhouse gas emissions. Results […]

Big Oil Companies

Daily Energy Standup Episode #74 – Oil prices look bullish through 2023 and 2024 – Chevron boosts share buyback – BP rolls back renewable – Russia looks to next steps.

March 6, 2023 Andy Del Prado

Daily Standup Top Stories  Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View March 5, 2023 Allen Santos As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP […]

Shareholder
Big Oil Companies

Shareholder’s Win: U.S. Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels

March 5, 2023 Mariel Alumit

​Worldwide oil demand is racing toward an all-time high and some of the smartest minds in the industry are forecasting $100-a-barrel crude in a matter of months, but US producers are playing the short game and […]

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