It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
Category: Exxon Mobil Corp
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How Kazakhstan Aims to Tap More Oil Riches Below Its Grassy Plains
After spending nearly $50 billion to expand the country’s Tengiz oil field, Chevron and its partners encounter more uncertainty.
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After Climate Push, Energy Companies Return to Fossil Fuels in Europe
Recent oil and gas deals in Europe suggest that the growing demand for energy may be leading companies to adopt a more pragmatic approach.
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Unexpected Critics of Trump’s Attacks on Wind Energy: Oil Executives
Business leaders and trade organizations have been especially worried by attempts to stop work on wind farms that had already secured federal approval.
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Exxon Chief Says Demand for Oil Remains ‘Very, Very Strong.’
The largest U.S. energy companies reported their lowest second-quarter profits in years, as tariffs have weighed on oil prices.
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Chevron Wins Green Light to Buy Into One of World’s Hottest Oil Projects
An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil projects in the world.
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Oil Companies Are Sued Over Death of Woman in 2021 Heat Wave
Experts said it is the first wrongful death case targeting fossil fuel companies over their role in global warming.
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Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.