Energy & Environment

Big Oil has operated in Russia for decades, but many companies are cutting ties in protest of the Ukraine invasion

Posted on · Due to the invasion of Ukraine, BP said it will abandon its share in Russian oil company Rosneft, while Shell announced it's ending projects with Gazprom, the majority state-owned natural gas company. Experts say that's putting pressure on Houston-based Exxon Mobil to make a similar decision.

Business

ExxonMobil is recovering from the pandemic downturn with $23 billion in profits and plans to expand in the Permian Basin

Posted on · Texas-based oil giant Exxon Mobil had a big week. The company reported a dizzying $23 billion in profits, said it plans to raise output in the Permian Basin, and is moving headquarters to Houston.

Climate Change

Social justice and labor rights activists are protesting a major Houston energy conference

Posted on · As leaders from the biggest oil and gas companies gather in Houston for the World Petroleum Congress, others took to the park outside the convention to demand action on climate change and better labor practices.