Oil major BP posts second-quarter profit beat despite annual drop
Trowbridge in Somerset, England, on March 15, 2025.Anna Barclay | Getty Images News | Getty ImagesBritain's BP on Tuesday posted...
Oil and Gas
Oil slips after OPEC+ agrees to another big output hike in September
Vadimrysev | Istock | Getty ImagesOil prices slipped in early Asian trade on Monday after OPEC+ agreed to another large...
Chevron profit hit by low crude oil prices and loss from Hess acquisition
Chevron on Friday reported second-quarter earnings that took a substantial hit due to low oil prices and a loss on...
EU lowers price cap for Russian crude under new sanctions package
Aerial view of a ship at sea.Suriyapong Thongsawang | Moment | Getty ImagesThe European Union has reached an agreement on...
OPEC+ members agree larger-than-expected oil production hike in August
The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in...
The Democrat, the Fracking Executive and the Deal They Struck. Can It Work?
Jan. 12, 2024 10:00 am ETAn unusual agreement between Pennsylvania Gov. Josh Shapiro and a natural-gas driller could serve as...
America’s Gas Bonanza Brings Biden New Political Dilemmas
The U.S. has become the world’s top exporter of liquefied natural gas. President Biden is finding that this superpower status...
Chesapeake Energy, Southwestern Energy Sign Merger Agreement
Chesapeake Energy and Southwestern Energy have agreed to merge in an all stock-transaction valued at $7.4 billion that is aimed...
Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related...
Occidental to Buy CrownRock for $12 Billion as Oil Patch Consolidates
Updated Dec. 11, 2023 8:13 am ETOccidental Petroleum announced a $12 billion agreement Monday to buy West Texas producer CrownRock...
The Next Chips to Transform EVs Could Be Made From Wood
Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle...
FTC Investigates Exxon’s $60 Billion Deal for Pioneer
Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which...
Exxon Makes Lithium Play in Long-Term Bet on EV Demand
Updated Nov. 13, 2023 10:02 am ETExxon Mobil said Monday it is starting to drill for lithium in Arkansas and...
An American Family Oil Dynasty Ends as Hess Sells
Listen to article(2 minutes)One of the first things you notice when entering the Hess Tower in downtown Houston is the...
Exxon, Chevron Invest in the West as Global Conflicts Increase
Updated Oct. 25, 2023 12:01 am ETListen to article(2 minutes)As the world becomes more dangerous, the two largest Western crude...
Chevron to Buy Hess for $53 Billion
Updated Oct. 23, 2023 10:12 am ETChevron said it would buy Hess in an all-stock deal worth $53 billion, the...
Exxon to Buy Pioneer in $60 Billion Deal to Create Shale Giant
The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction...
The Oil Patch Is Primed for an Era of Megadeals
A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own....
Chevron Labor Dispute Flares Up Again in Australia
Workers at two natural-gas facilities operated by Chevron in Australia have voted to restart industrial action, reigniting a dispute that...
Oil Is Near $100. Shale Isn’t Coming to the Rescue.
Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
