A couple of months ago, U.S. President Joe Biden urged energy companies to stop ‘war profiteering’ and even threatened to slap them with windfall tax if they failed to invest their profits in lowering costs for Americans […]
Update(1355ET): On Saturday the White House unveiled a monumental shift in its Venezuela policy, given only a short time ago Washington didn’t even officially recognize Nicol?s Maduro as the socialist Latin American country’s legitimate ruler, […]
U.S. ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA U.S. aims to shift Venezuelan oil sales from shadow firms Chevron Corp could soon […]
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 […]
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