High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
Category: Exxon Mobil Corp
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Exxon Suit Over Activist Investor’s Climate Proposal Is Dismissed
A federal judge ruled that the case was moot after the investor, Arjuna Capital, withdrew the proposal with a promise not to try again.
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Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
Hurdles remain as Chevron and Exxon Mobil wage a legal battle over Hess’s stake in a lucrative oil project in Guyana.
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F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.
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Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.
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Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.
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Exxon Raises Questions About Chevron’s $53 Billion Deal for Hess
Exxon may try to upend its rival’s megadeal. The prize is a 30 percent stake in the oil-rich fields off the coast of Guyana.
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Two Big Texas Oil Producers Announce $26 Billion Merger
Diamondback Energy and Endeavor Energy Resources are both major players in the booming Permian Basin.
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Oil Giants Pump Their Way to Bumper Profits
Exxon and Chevron reported robust earnings and large payouts to investors as they continued to expand their fossil-fuel production.