Chevron Posts Highest Profit in a Year

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

Apple, Amazon, Tesla Set to Post Results

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

Santos Has Proposal to Acquire Oil Search Rejected

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 Names Kathryn Mikells CFO

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 Suspends $6.6 Billion Petrochemical Expansion

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

OPEC Reaches Agreement With U.A.E. Over Oil Production

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

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