Brent Lewin | Bloomberg | Getty Images PetroChina Co. posted record operating profits for the first…
Tag: Oil and Gas
No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead…
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
A man waves a Venezuelan flag as demonstrators clash with police officers during a protest against…
Coterra’s strong energy production allowed for big cash returns to shareholders
Coterra Energy missed Wall Street expectations for sales and earnings in the second quarter. However, production…
Exxon earnings beat as production in Guyana and Permian sets a record
Exxon Mobil on Friday posted its second-highest results for the second quarter in the past decade,…
Chevron earnings miss on lower refining margins, relocates headquarters to Houston
Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images…
Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb.…
Oil major BP raises dividend as second-quarter profit beats expectations
A general view of the BP logo and petrol station forecourt sign on January 22, 2024…
Saudi oil giant Aramco’s shares rise after stock sale set to raise $11.2 billion
Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken…
Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
Chip Somodevilla | Getty Images News | Getty Images A former IRS employee was charged in…
Russia’s indefinite ban on diesel exports threatens to aggravate a global shortage
From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel,…
Oil just hit its highest level of the year — and some analysts expect a return to $100 before 2024
In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August…
The world’s largest floating wind farm is now officially open — and helping to power North Sea oil operations
The Hywind Tampen project is located in waters off the Norwegian coast. Ole Berg-rusten | AFP…
OPEC chief says the search is on for new members of the oil producers’ group
Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia…