Energy & Environment
Exxon booked record profits in 2022 as energy prices soared
Posted on · The oil giant brought in $12.75 billion in profits in the fourth quarter, bringing annual net income to $55.7 billion.
Energy & Environment
Fire at LNG terminal in Freeport jolts residents, fuel markets
Posted on · Freeport LNG will be offline for at least three weeks following a fire in its export facility this week.
Energy & Environment
Challengers Unseat 3rd Exxon Board Member In Climate Fight
Posted on · Texas-based Exxon says three candidates nominated by a dissident group of shareholders had been elected to its board of directors. Preliminary tallies last week had two of the challengers winning seats.
Energy & Environment
Exxon, Chevron To Cut US Jobs As Oil Industry Struggles
Posted on · The oil industry has been struggling all year after prices fell well below what producers need to break even.
Energy & Environment
US Seeks $3 Billion To Boost Oil Producers As Prices Plunge
Posted on · "It's a common-sense move. Everyone who's done any personal investment knows you do your best to buy low and sell high," Energy Secretary Dan Brouillette said.
News
Exxon Denies That It Misled Investors On Climate Risks
Posted on · The outcome of the case will be decided by New York State Supreme Court Justice Barry Ostrager.
Business
Exxon Mobil Profit Falls 49% As Oil And Gas Prices Decline
Posted on · Oil prices have suffered due to a prolonged trade war between the U.S. and China, which has raised concerns about a global economic slowdown.
Business
Berkshire Steps Into Fight For Anadarko On Occidental’s Side
Posted on · If Anadarko does walk away from Chevron, it would have to pay a $1 billion breakup fee under its agreement.
Energy & Environment
Occidental Makes Competing Offer For Anadarko Petroleum
Posted on · Houston-based Occidental said the proposed combination would bolster its position in the Permian Basin.