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 […]
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, 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 […]
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 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 […]
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 […]
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 […]
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 […]
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 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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