Chevron Corp. posted disappointing fourth-quarter results, just days after surprising investors with a mammoth $75 billion share-buyback program, as the oil giat disclosed a surprise jump in corporate costs.Profit excluding one-time items was $4.09 a […]
US President Joe Biden is nearing a critical decision on a massive proposed oil project in northwest Alaska that could unlock 600 million barrels of crude and has drawn the ire of environmentalists who have […]
Chevron (CVX) posted mixed fourth-quarter results early Friday, missing on earnings views while topping revenue estimates. The energy giant reported record profits and cash flow for 2022, on top of its earlier announcement launching a massive […]
Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s […]
By 2035, the world’s fourth-largest offshore oil producer could be a South American country with fewer than 1 million people. According to Norway’s Rystad Energy, Guyana – with proven reserves of 11 billion barrels of […]
Jan 24 (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level […]
US shale is slowing down because of rising drilling costs and political and regulatory attacks on the industry, and the U.S. has lost the global market influence to OPEC. That means uncertainty in the […]
Chevron Corp has sold a cargo of Venezuelan crude oil to another U.S. refinery, Phillips 66, anonymous sources have said. Chevron Corp recently sold 500,000 barrels of heavy Hamaca to U.S. refiner Phillips 66 to […]
Italian oil major Eni has made a significant new gas discovery at the Nargis-1 exploration well located in the Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered […]
A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”. In an op-ed in The Telegraph newspaper, Tony Hayward, who led the London-listed […]
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