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Big Oil Companies

Chevron
Big Oil Companies

Chevron Reiterates Permian’s 2025 Growth Target Despite Delaware ‘Falling Short’

March 3, 2023 Mariel Alumit

Top executives with Chevron Corp. continue to eye massive production growth from the company’s Permian assets while also acknowledging some shortcomings in the Delaware Basin. “The headline is our production guidance is unchanged, 3% compounded […]

Big Oil Companies

BP launches green hydrogen cluster in Spain

February 28, 2023 Mariel Alumit

UK-based oil and gas major BP has launched the green hydrogen cluster of the Valencia region (HyVal) at its Castellón refinery in Spain. Courtesy of BP The company announced the launch of the hydrogen cluster […]

UK
Big Oil Companies

UK Oil And Gas Industry Warns Windfall Tax Will Hurt Energy Security

February 28, 2023 Mariel Alumit

Authored by Tsvetana Paraskova via OilPrice.com, The new head of Offshore Energies UK has warned that the higher tax rates are already hitting offshore companies hard. Last autumn, the UK raised the windfall tax for […]

Dow Jones
Big Oil Companies

Dow Jones Futures Rise: Warren Buffett Stock Occidental Falls On Earnings Miss; Tesla Investor Day On Deck

February 28, 2023 Mariel Alumit

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average cut gains to 72 points Monday. Warren Buffett stock Occidental Petroleum (OXY) reported earnings after the close Monday, while Tesla […]

Oil
Big Oil Companies

Global Survey Highlights Oil and Gas Jobs’ Appeal

February 28, 2023 Mariel Alumit

The rise in oil and natural gas prices following Russia’s invasion of Ukraine has transformed oil and gas into the most popular sector for energy workers to join, according to a survey by the global […]

Chevron
Big Oil Companies

Chevron boosts annual share buyback target to up to $20 billion

February 28, 2023 Mariel Alumit

Feb 28 (Reuters) – U.S. oil major Chevron Corp (CVX.N) on Tuesday raised its share buyback outlook to between $10 billion and $20 billion per year and reaffirmed its production guidance of more than 3% annual […]

Big Oil Companies

Sembcorp Marine to back Chevron’s lower carbon LNG fleet upgrade

February 27, 2023 Mariel Alumit

Home Clean fuel Sembcorp Marine to back Chevron’s lower carbon LNG fleet upgrade Chevron Shipping Company, a subsidiary of energy major Chevron, has entered into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, […]

profits
Big Oil Companies

War and oil profits mean more investment in fossil fuels — and green energy

February 24, 2023 Mariel Alumit

The world’s oil giants had themselves a great year in 2022. According to recent earnings reports, ExxonMobil made record annual profits, and Chevron saw net profits double — and that’s just the American companies. The bonanza […]

Shell
Big Oil Companies

Shell Finalizes Nature Energy Acquisition

February 22, 2023 Mariel Alumit

Energy major, Shell, through its unit Shell Petroleum, has completed the acquisition of Europe’s largest producer of renewable natural gas (RNG), Nature Energy Biogas. Shell has acquired Nature Energy’s portfolio of operating plants, associated feedstock […]

oil
Big Oil Companies

Are the oil majors destined for extinction?

February 21, 2023 Mariel Alumit

When Bernard Looney became oil major BP’s CEO in 2020, his vocal interest in how the company could transition towards a low-carbon future inspired hope that he would be a driving force in realising BP’s 20-year ambition […]

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