U.S., EU Sanctions on Russia Could Ensnarl Western Oil Companies
LONDON—Some of the West’s biggest oil companies could find themselves in the crosshairs of sanctions now being drafted by their...
Energy
Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb
Chevron Corp. had its most profitable year since 2014, reporting Friday that it earned $15.6 billion in net income in...
Analysis: Europe could live with less Russian gas. A complete shutdown would be ‘catastrophic’
Europe would struggle to survive for long without Russian gas, and finding alternative sources presents a huge logistical challenge —...
Exxon Pledges to Reduce Carbon Emissions From Operations to ‘Net Zero’
Exxon Mobil Corp. said it has set a goal to reduce or offset greenhouse-gas emissions from its operations to zero...
Europe’s Industrial Firms Flash Warning on Energy Costs
Steelmakers, glass manufacturers and other energy-hungry businesses in Europe are calling on governments to take action to stop record gas...
Inflation’s Warm-Up Act
Inflation will probably cool next year, but it may still be plenty warm. Right now, inflation is running hot. The...
EPA Trims Ethanol Mandate for Gasoline as Biofuel Pressures Pump Prices
WASHINGTON—The Environmental Protection Agency on Tuesday proposed reducing the amount of ethanol and other biofuels that must be blended into...
Demand for Oil, Gas to Remain Robust for Years, Energy Leaders Say
The leaders of the world’s largest oil companies said Monday that demand for the products they make will remain robust...
OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices
OPEC and a group of Russia-led oil producers agreed to continue pumping more crude, sticking to their long-term plan despite...
China is joining the US and other countries in tapping emergency oil reserves
The White House announced Tuesday that the United States would release about 50 million barrels from its Strategic Petroleum Reserve,...
SoftBank Suffers $54 Billion Bruise From China’s Tech Crackdown
TOKYO— SoftBank Group Corp. took a more than $50 billion beating from Beijing’s tech crackdown, but its leader said he...
BHP to Sell Controlling Stake in Two Coal Mines for Up to $1.35 Billion
ADELAIDE, Australia— BHP Group Ltd. said it would sell its controlling interest in two metallurgical coal mines to Stanmore Resources...
Wind Manufacturers Blown Off Course
Wind turbine makers continue to struggle due to supply-chain woes and uncertainty over the future of federal tax credits, so...
WSJ News Exclusive | Rivian Automotive Targets IPO Valuation Just Above $60 Billion
Rivian Automotive Inc. is seeking a valuation in a range just above $60 billion in its initial public offering next...
Carbon Offsets Are Used by Companies Seeking ‘Net Zero,’ but Concerns Persist
Companies are snapping up carbon offsets, but the patchwork of informal markets serving that appetite lack consistent standards and oversight,...
California Scrambles to Find Electricity to Offset Plant Closures
California is racing to secure large amounts of power in the next few years to make up for the impending...
Oil Prices Have Topped $80. But Don’t Expect a Spending Bonanza from Shale Drillers
Shale companies are on track to spend a little more money pumping oil next year, but most aren’t opening up...
Iraqi Lawmakers Call for Probe Into GE, Siemens Electricity Contracts
Members of an Iraqi parliamentary commission are calling for an investigation into large power-generation contracts struck with General Electric Co....
Summer Road Trips, Falling Crude Prices Pump Up Refiners’ Profits
Summer road trips and a pullback in crude prices have pumped up refineries’ profits, offering brighter prospects for one part...
BHP Considers Sale of $15 Billion-Valued Petroleum Business
SYDNEY— BHP Group Ltd. , the world’s biggest mining company, said it is considering the sale of its petroleum business,...
