Companies Stall Climate Action Despite Earlier Promises
Cutting emissions is proving harder for larger companies to achieve than making commitments to cut those emissions. Source link
BP.LN
With CEO Out, BP Faces Choice of Whether to Abandon Push to Go Green
The surprise departure of Bernard Looney presents an opportunity for the oil giant to again prioritize fossil fuels. Source link
BP Slows Transition to Renewable Energy as Oil Bonanza Continues
The company said it would slow its transition to lower-carbon energy, as oil-and-gas production helped push the company to a...
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors
BusinessEarningsThe results bring to more than $132 billion the combined profit last year of the three big majors Source link
Russia Wipes Out Exxon’s Stake in Sakhalin Oil-and-Gas Project
The Kremlin has pushed Exxon XOM 1.44% Mobil Corp. out of a major Russian oil-and-gas project and transferred the Texas...
Hertz, BP to Provide Charging Stations for Electric Rental Cars
Hertz said it aims for one-quarter of its fleet to be electric by the end of 2024. Photo: ANDREW KELLY/REUTERS...
WSJ News Exclusive | Business Losses From Russia Top $59 Billion as Sanctions Hit
Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to...
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
WSJ News Exclusive | Russian Prosecutors Warn Western Companies of Arrests, Asset Seizures
Russian prosecutors have issued warnings to Western companies in Russia, threatening to arrest corporate leaders there who criticize the government...
BP to Exit From Stake in Russia’s Rosneft Following Pressure From U.K.
British energy giant BP PLC said Sunday it will exit its nearly 20% stake in Russian government-controlled oil producer Rosneft...
Russia-Ukraine Crisis Has Western Companies Bracing for Sanctions Hit
Western companies with operations in Russia and Ukraine are girding for the potential impact of fresh sanctions after Russian President...
California’s Green-Energy Subsidies Spur a Gold Rush in Cow Manure
Clean Energy Fuels Corp. , a major distributor of natural gas made from waste, found a way to boost its...
Exxon, Chevron Report Billions in Profits but Plan to Keep Spending Tight
Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to...
Stop New Oil Investments to Hit Net-Zero Emissions, IEA Says
Investment in new fossil-fuel supply projects must immediately cease if the world is going to slash net carbon emissions to...
Big Oil Companies Recover as Prices Rebound
Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil-and-gas demand...
Palantir Loss, Slower Sales Growth Expectations Send Stock Lower
Palantir Technologies Inc. reported a loss for the fourth quarter, and the data-mining company signaled Tuesday that sales could grow...
Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery
The big international oil companies are reporting one of their worst annual performances in decades and signaling that the pandemic...
WSJ News Exclusive | Exxon, Chevron CEOs Discussed Merger
The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp. CVX -4.29% spoke about combining the oil giants...
