The oil company was indicted on charges of dumping nearly 800,000 gallons of contaminated wastewater into the Los Angeles County sewer system.
Category: Oil (Petroleum) and Gasoline
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Why Oil Companies Are Walking Back From Green Energy
As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar.
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Vardis Vardinoyannis, Greek Tycoon With Ties to the Kennedys, Dies at 90
He built his family’s oil-refining operation into one of the largest companies in the country, and then used his wealth to benefit charitable causes.
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Exxon Chief to Trump: Don’t Withdraw From Paris Climate Deal
Darren Woods was one of only a few Western oil executives attending a global climate conference in Baku, Azerbaijan.
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Trump’s Energy Policies May Be a Mixed Bag for Oil Companies
The president-elect has promised to make it easier to build energy infrastructure and secure drilling leases. But higher production could hurt prices and profits.
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With Oil Prices Weak, OPEC+ Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
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Oil Interests Gave More Than $75 Million to Trump PACs, New Analysis Shows
Oil moguls are big donors to Donald Trump. But so are engineering firms, hedge fund managers, shipbuilders and others that profit from fossil fuels.
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At a Glitzy Saudi Investment Forum, Almost No Mention of War
Saudi Arabia and its Gulf neighbors are seeking to reassure foreign investors that it’s still safe to do business amid the turmoil around the Mideast.
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BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principle aim” was rewarding shareholders.
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Despite Global Crises, Gas Prices Slide as U.S. Election Nears
Fuel prices, which had soared after Russia’s invasion of Ukraine, have dropped to their lowest level since February.
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Why GM’s Mary Barra Still Believes in EVs, Despite Slow Sales
Mary Barra, G.M.’s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.