WASHINGTON, Nov 2(Reuters) – President Joe Biden’s threat to impose a windfall profits tax on oil companies is unlikely to pass in the U.S. Congress, even if Democrats defy forecasts and manage to maintain their […]
While higher oil prices have grabbed the headlines this year, natural gas was a big profit driver in the third quarter. Higher oil prices have enabled big oil giants Chevron (CVX -1.83%) and Exxon (XOM -2.06%) to post surging profits and cash flow […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
The collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. Big oil firms are expected to earn less than in the blockbuster quarter that was […]
HOUSTON, Oct 24 (Reuters) – U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth lingers at 4.5% year […]
ENB Pub Note: Sources; Bloomberg, CNBC, Reuters, EDGAR. An interesting week coming around the corner. Tax Credits and investor sentiment drive decisions to invest in renewable energy rather than increase drilling programs. The short answer […]
Chevron Corp. joined a collaboration with Air Liquide, LyondellBasell and Uniper SE to evaluate the potential for a hydrogen and ammonia production facility on the U.S. Gulf Coast, according to a press release on Oct. […]
From the MANHATTAN CONTRARIAN Francis Menton There’s nothing like a good energy crisis to bring a dose of reality to climate change and renewable energy fantasies. It seems like it was barely a few months […]
The Biden administration has no plans to change its sanctions policy toward Venezuela without positive actions from President Nicolas Maduro’s government, the National Security Council said after a report that the US would scale down […]
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