Chevron Corp. on Friday reported $3.1 billion in second-quarter profit, its strongest results in a year as the oil company was buoyed by months of higher commodity prices. The San Ramon, Calif.-based company’s quarterly results were a dramatic improvement from the same
Disbarred attorney Steven Donziger was found guilty of six counts of criminal contempt of court, the latest twist in a nearly three-decade crusade against Chevron Corp. that began as an attempt to prove the oil company caused environmental harm in Ecuador. The
Big oil companies have long touted hydrogen energy as a way to reduce carbon emissions. Now they are grappling with how to make that a reality. Still, experts say there are various hurdles to the light, colorless gas fulfilling its potential. Firstly,
Corporate giants from Apple Inc. to Visa Inc. are expected to report their financial results over the coming week, giving investors insight into the impact from the Covid-19 pandemic, the Delta variant and increased business costs. In all, 180 members of the
Royal Dutch Shell RDS.A 0.08% PLC on Tuesday confirmed it would appeal against a Dutch court ruling calling for the oil major to reduce its carbon emissions at a faster pace, saying it was being unfairly singled out. The energy giant said
SYDNEY— Santos Ltd. STO -3.59% said it approached Oil Search Ltd. OSH 4.22% about a possible merger last month, but its proposal to create an energy company with a market value of 22 billion Australian dollars, equivalent to $16.1 billion, was rejected.
Exxon Mobil’s new CFO will start Aug. 9. Photo: jim young/Reuters July 19, 2021 10:38 am ET Exxon Mobil Corp. has hired Kathryn Mikells as its next chief financial officer, succeeding 43-year company veteran Andrew Swiger as the company’s top financial executive.
Saudi-owned Motiva Enterprises LLC suspended a $6.6 billion plan to add petrochemical facilities to its refining operations in Port Arthur, Texas, according to people familiar with the matter. The decision to halt the project—which had envisioned the creation of the biggest refining
Oil producers have been caught in a deadlock over plans to boost output. Photo: Andrey Rudakov/Bloomberg News OPEC reached a compromise with the United Arab Emirates, agreeing to lift the amount of oil the cartel member can pump as part of a
WASHINGTON—An Iranian oil executive removed from U.S. financial blacklists last month because he had resigned from Iran’s national oil company now holds senior positions with two Iranian energy firms linked to the Iranian government, according to company officials and regulatory filings. The