Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record profits in the second quarter of 2022 as energy stocks have weakened in recent months. Brandon Bell | Getty Images On Friday, two Democratic lawmakers accused the largest oil companies in the United States …
Democratic lawmakers accuse big oil companies of ‘greenwashing’ Read More »
Could it be that Big Oil’s next big thing got a big helping hand from Joe Biden? Perhaps, if carbon capture and storage is indeed as important as ExxonMobil’s first deal to extract, transport and store carbon from other companies’ factories implies. The agreement, announced last month, provides ExxonMobil capture the carbon emitted by CF …
Exxon Mobil’s big new climate change deal that got help from Joe Biden Read More »
BP shares are up more than 45% since the start of the year. Sopa Pictures | Light flare | Getty Images Oil and gas giant BP reported stronger-than-expected third-quarter earnings on Tuesday, supported by high commodity prices and robust gas marketing and trading. The British energy major posted underlying profit at replacement cost, used as …
BP posts $8.2bn quarterly profit as oil majors post another round of windfall profits Read More »
PCK Schwedt oil refinery in Schwedt, Germany, Monday, May 9, 2022. Krisztian Bocsi | Bloomberg | Getty Images ABU DHABI, United Arab Emirates — Politicians and governments around the world are bracing for possible civil unrest as many countries grapple with rising energy costs and rising inflation. The global economy is facing an onslaught from …
Oil CEOs warn this winter’s energy crisis will be nothing compared to the next Read More »
