Frackers Increase Spending but See Limited Gains
U.S. oil and gas producers raked in profits last year, but inflation and inventory cloud their 2023 prospects. Source link
Integrated Oil/Gas
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
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
Honeywell to Pay $203 Million in Settlements Over Brazil, Algeria Bribery
Honeywell International Inc. will pay nearly $203 million to resolve investigations in the U.S. and Brazil into bribes paid to...
Exxon Holds Firm on Its Five-Year Spending Outlook
The oil company is resisting the Biden administration’s call for more investment to expand production and curb pump prices. Source...
More Venezuelan Oil Unlikely to Reach Markets Soon Despite New Chevron License
BusinessBefore pumping crude in Venezuela, Chevron must collect debt, repair equipment and bolster its workforce while facing outages and security...
WSJ News Exclusive | Exxon Mobil Has a Potash Problem in the Permian Basin
The Texas-based oil giant shares a chunk of New Mexico land with mining companies, which makes drilling there a challenge....
Chevron Gets U.S. License to Pump Oil in Venezuela Again
The license was granted after Venezuelan President Nicolás Maduro’s government and an opposition coalition agreed to implement a humanitarian program...
U.S. Poised to Grant Chevron License to Pump Oil in Venezuela
The move would come just as Western sanctions on Russia threaten to tighten global supplies. Source link
Frackers Say Oil Production Slowing in the Shale Patch
U.S. oil-and-gas companies offer little relief for tight global market. Source link
WSJ News Exclusive | Exxon Considers Leasing, Selling Unused Office Space at Houston Campus
WSJ News ExclusiveBusinessMajor oil company uses less than half of available space at campus poised to become global headquarters next...
Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter
The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon XOM 2.93% Mobil Corp....
Shell, Awash With Cash, to Boost Dividend, Share Buybacks
LONDON— Shell SHEL 0.95% PLC said it plans to boost its dividend and buy back another $4 billion of its...
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...
Want to Get Ahead? Pick the Right Company
Retail workers at Gap Inc. GPS 3.25% are significantly more likely to become managers than at other companies in their...
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
The Labor Department said it found Exxon Mobil Corp. XOM -1.01% illegally fired two company scientists over suspicions they shared...
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil Corp. is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing...
WSJ News Exclusive | Chevron Sells Global Headquarters, Pares Back in California Amid Texas Expansion
The second-largest U.S. oil company closed the sale Wednesday of its Chevron Park campus in San Ramon, Calif., its global...
