Falling Oil Prices Cause Saudi Aramco’s Profit to Slip 19 Percent
But at nearly $32 billion, the oil giant’s quarterly earnings still far exceeded those of Western rivals, and it announced an increase in dividend payments.
Posted inBatteries Electric and Hybrid Vehicles Electric Light and Power Fuel Emissions (Transportation) Global Warming Greenhouse Gas Emissions Infrastructure (Public Works) International Trade and World Market Labor and Jobs Norway Oil (Petroleum) and Gasoline Politics and Government Tesla Motors Inc Volkswagen AG Volvo Car Corp
In Norway, the Electric Vehicle Future Has Already Arrived
About 80 percent of new cars sold in Norway are battery-powered. As a result, the air is cleaner, the streets are quieter and the grid hasn’t collapsed. But problems with unreliable chargers persist.
Posted inBP Plc Company Reports Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Sawan, Wael Shell Plc Total SA
Shell Reports $9.6 Billion Profit, Despite Falling Oil Prices
The oil and gas giant said its earnings, which exceeded analysts’ expectations, were bolstered by strong energy trading.
Posted inChevron Corporation Company Reports Electric and Hybrid Vehicles Embargoes and Sanctions Exxon Mobil Corp Heating International Trade and World Market Natural Gas Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Production Russian Invasion of Ukraine (2022) Stocks and Bonds
Exxon and Chevron Report More Modest Profits as Oil Prices Ease
The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.