Energy & Environment

Weekly Oil And Gas Update: Houston Energy Companies Lost Billions In 4th Quarter of 2020

Posted on · Overall in 2020, ExxonMobil recorded more than $21 billions in losses. ConocoPhillips reported $2.7 billion in losses for the year, and BP (which has its US headquarters in Houston) recorded a full-year loss of $5.7 billion.¬†

Energy & Environment

Houston Oil And Gas Companies Can Expect $40 A Barrel Oil Through 2020

Posted on · As the Coronavirus pandemic and an international price war forced the price of Texas oil to plunge, many producers said they needed it to go back up to at least $40 a barrel. Companies now get to test out if they can survive at that price, as most experts say that's where it's going to sit for the rest of the year.