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Big Oil Companies

Shell
Big Oil Companies

Will Shell And BP Use Their Mammoth Profits For Green Energy?

February 20, 2023 Mariel Alumit

BP and Shell announced record annual profits of £23bn and £32bn respectively for 2022. BP and Shell have pledged to spend £18bn and £25bn respectively over the current decade on domestic low and zero-carbon energy […]

Big Oil Companies

LA Times’ Risible Attack On Oil Profits

February 13, 2023 Mariel Alumit

Authored by John Seiler via The Epoch Times, One of the great reasons to read The Epoch Times is to counter the nonsense on California perpetrated every day by the Los Angeles Times, which is […]

Debt crisis, energy security, and Nigeria's slippery road to net-zero ...
Big Oil Companies

Debt crisis, energy security, and Nigeria’s slippery road to net-zero …

February 12, 2023 Mariel Alumit

Nigeria, like many African countries, is at a crossroads. Although endowed with immense natural resources, energy access, and security remain primary concerns even as the debate for energy transition creates more worries. With a debt […]

League
Big Oil Companies

Fantasy League Matchmaking Between Oil Majors and Transition Upstarts

February 12, 2023 Mariel Alumit

​LITTLETON, Colo., Feb 9 (Reuters) – This weekend’s Super Bowl is the annual showpiece for American football’s top professional teams, and marks the end of the fantasy league season where amateur fans select their own […]

Big Oil Companies

ESG Investing Failure and Major Setback: Exxon Retreats From Major Climate Effort to Make Biofuels From Algae –

February 11, 2023 Mariel Alumit

​After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution.  Exxon has slashed its support for Viridos Inc., […]

BP
Big Oil Companies

BP Slows Retreat From Oil as Russia War Drives Record Profit

February 7, 2023 Mariel Alumit

BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]

Big Oil Companies

Oil majors hit record profits, green investments tell a different story

February 7, 2023 Mariel Alumit

Some of the world’s largest oil and gas companies have declared the highest-ever profits since people started using petroleum, rewarding shareholders with higher dividends and share buybacks while spending relatively little of it on renewable […]

BP
Big Oil Companies

BP Boss Talks Energy Trilemma

February 7, 2023 Mariel Alumit

The world wants and needs energy that is secure and affordable as well as lower carbon. That’s what BP Chief Executive Bernard Looney said in a “To tackle that, action is needed to accelerate the […]

Big Oil Companies

Oil Execs send biden the message to “Pound Sand” as Stock Buybacks Race to Record $132 Billion Start as Companies Snub All Warnings

February 5, 2023 Mariel Alumit

ENB Pub Note: This follows on the heels of BP announcing they are reducing investments in non-profitable renewable projects and billions of dollars of losses in a couple of wind companies. “Renewable is not sustainable […]

Shell
Big Oil Companies

Shell CEO Sees a World ‘Desperately in Need’ of Natural Gas

February 2, 2023 Mariel Alumit

Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel no signs of slowing, said Chief Executive Officer Wael Sawan. After years of questions over […]

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