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  • [ February 8, 2023 ] Vermont gas utility sees geothermal as a part of its carbon-cutting portfolio Electrical Generation
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HomeExxonMobil

ExxonMobil

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 […]

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 Allen Santos

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 […]

ExxonMobil
Big Oil Companies

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

January 30, 2023 Mariel Alumit

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]

Big Oil Companies

White House Kicks Around Big Oil Stock Buybacks Again as Chevron Profits Double – Windfal Profits Taxes Will Cost Consumers

January 29, 2023 Mariel Alumit

WASHINGTON, Jan 27 (Reuters) – The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of boosting supply, after Chevron Corp (CVX.N) said […]

Exxon
Big Oil Companies

Exxon Sets $540 Million Cost for Canada Renewable-Diesel Project

January 29, 2023 Mariel Alumit

​Exxon Mobil Corp. has set the cost of its planned Canadian renewable-diesel facility at C$720 million ($540 million) and said much of the fuel will be shipped to British Columbia to support the province’s emissions-reduction […]

Recession
Commodities

Wall Street Week Ahead Recession fears pose challenge to energy …

January 28, 2023 Mariel Alumit

NEW YORK, Jan 27 (Reuters) – A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations […]

Exxon
E&P

Exxon halts routine gas flaring in the Permian, wants others to follow

January 25, 2023 Mariel Alumit

The largest U.S. oil producer is battling lawsuits that accuse it and other oil companies of contributing to global warming and rising sea levels. At the same time, it has moved to cut its own […]

Exxon
Crude Oil News

Exclusive: Exxon prepares to start up $2 bln Texas oil refinery expansion

January 16, 2023 Mariel Alumit

Jan 13 (Reuters) – Exxon Mobil Corp (XOM.N) in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $2 billion expansion first considered nine […]

Oil
Crude Oil News

Big Oil Is Eyeing India For Big Investments

January 16, 2023 Mariel Alumit

U.S. oil majors Exxon Mobil Corp and Chevron Corp—along with France’s TotalEnergies, are taking a long, hard look at upping their investments in India’s oil and gas exploration and production sector, India’s oil minister said […]

Exxon
E&P

Oil Majors Exxon And Chevron Shift Focus To Americas

January 3, 2023 Mariel Alumit

Exxon and Chevron are betting big on oil and gas assets in the Americas as they seek to capitalize on abundant resources with good returns closer to home. Both U.S. supermajors have said in their […]

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Vermont
Electrical Generation

Vermont gas utility sees geothermal as a part of its carbon-cutting portfolio

February 8, 2023

​Vermont’s only natural gas company is exploring possible sites for its first fossil-fuel-free, networked geothermal project, a heating and cooling technology that could be a natural fit for a company already skilled at designing and […]

Minnesota
Electrical Generation

Minnesota power co-op wants to invest in flexibility for fossil fuel peaker plant

February 8, 2023

​Minnesota’s largest electricity cooperative wants the option to burn diesel fuel oil at a central Minnesota peaker plant as a hedge against volatile natural gas prices. Great River Energy is seeking approval from Minnesota regulators […]

New England
EIA News

New England’s power grid weathers last weekend’s record-breaking cold and wind

February 8, 2023

February 8, 2023 Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor From February 3 to February 5, record-breaking cold temperatures and extreme wind chill in New England created strong electricity demand as homes […]

U.S
EnergyNews

U.S. natgas output to hit record high in 2023, demand to fall

February 7, 2023

U.S. natural gas production will rise to a record high in 2023, while demand will fall, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry […]

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