Market Watch – ConocoPhillips COP, 2.65% said Tuesday it had a net loss of $800 million, or 72 cents a share, in the fourth quarter, after earnings of $700 million, or 65 cents a share, in the […]
BP Plc offered more evidence that Big Oil has barely begun to heal the wounds from last year’s historic slump. The Western world’s largest energy producers were supposed to be sailing into the fourth-quarter earnings season […]
Exxon Stock Down Ahead Of Earnings Exxon will report fourth-quarter results before the market opens Tuesday. Chevron unexpectedly reported a Q4 loss Friday despite the rebound in crude oil prices. Estimates: Earnings is seen plunging over 97% to […]
OPEC and its allies can celebrate their success in buoying world oil markets when they gather this week. But the coalition will soon be faced with some tough choices. Last month’s pledge by Saudi Arabian Energy Minister […]
Beijing: China launched a carbon trading system Monday designed to drive down emissions, as the world’s biggest polluter takes steps towards decarbonising its economy by 2060. The scheme lets provincial governments set pollution caps for big-power businesses for the first […]
Exxon Mobil Corp. is expected to announce board changes as soon as Tuesday, and talks are continuing with investor D.E. Shaw & Co. that may lead to additional director nominations in the weeks ahead, according to people familiar […]
Energy News Beat Publishers Note: We have been talking about OPEC, and OPEC +, in their inability to enforce production quotas from their members. Some of the key talking points have been surrounding Iran, Iraq, […]
Iran said the U.S. has to remove key economic sanctions and return to full compliance with the 2015 nuclear deal before any talks on resetting the Islamic Republic’s atomic program. The U.S. “cannot return to […]
BP Plc will sell a stake in an Omani gas block to Thailand’s national energy firm for $2.6 billion, part of a push to divest billions of dollars of assets and focus more on renewable energy. […]
Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources […]
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