NEW YORK, Aug 17 (Reuters) – U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with […]
ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]
U.S. supermajors ExxonMobil and Chevron both reported their highest-ever quarterly profits on Friday. Higher oil and gas prices, the highest refining margins in years, increased production, and aggressive cost control all contributed to the record-breaking […]
(Bloomberg) — The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said. “Europe is a good potential customer for Cypriot […]
Money managers have started to close out short positions on oil. The oil price slump that started mid-June could be about to reverse. The disconnect between the physical crude market and paper crude market remains […]
Cyprus’ Ministry of Energy, Commerce, and Industry and Chevron have agreed to further their cooperation on the viable and efficient development of the Aphrodite field. In this regard, the Minister of Energy Natasa Pilides and […]
Chevron revealed this week that it has prepared for the six-month Gulf of Mexico hurricane season through design, workplace safety training and by maintaining its own fleet of 18 helicopters for flying to and from […]
Are you feeling beaten down by the stock market? You’re not alone. The stock market experienced its worst first half of a year in more than five decades. Very few investors have been able to defy gravity […]
Chevron Corporation earlier this month completed its previously announced acquisition of biodiesel production company Renewable Energy Group, Inc. (REG) following approval by REG stockholders. “We have brought together companies with complementary capabilities, assets, and customer […]
Source NPR: President Biden and Big Oil are at each other’s throats. At a time when gas prices are at the highest level in history, hurting regular Americans, he points out that Big Oil companies […]
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