Oil Majors Brace for Dividend Drought as Sub-$70 Crude Bites
Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends…
Will a new state law prevent future oil spills? Local experts weigh in
SANTA BARBARA, Calif.—Governor Newsom recently signed Senate Bill 237 into law to stabilize fuel supply and combat high…
Supermajors Slim Down to Protect Shareholder Payouts
The world’s biggest international oil and gas firms are accelerating layoffs this year in search of further cost…
Big Oil’s Short-Term Worries Mask Bullish Long Term
TotalEnergies said this week it would cut its capital spending by $1 billion annually over the next four…
Big Oil Cuts Back as $60 Oil Bites
In their first-quarter financial reports this year, Big Oil majors signaled they were doing just fine in a…
U.S. shale oil boom transforms from money treadmill into cash cow, Chevron president says
For years Big Oil producers chased U.S. shale profits with big spending hikes while seeking something even more…
Big Oil’s “Managed Decline” Strategy Masks An Expansion Push
For years, the talk in boardrooms and investor presentations has been about “discipline” and “capital efficiency.” These are…
Oil Drops as Markets Digest OPEC+ Supply Decision
Oil prices dropped to their lowest in a week on Monday as markets digested OPEC+’s decision to implement…
Forced frenemies, Exxon and Chevron take diverging paths as leaders of the booming Permian
The top Big Oil giants in the Western Hemisphere, Exxon Mobil and Chevron also are the top producers…
Oil Majors Beat Back $4.2 Billion Fine in Kazakhstan
A Kazakh appellate court has sided with the international oil majors operating the Kashagan oilfield, overturning a massive…
U.S. Majors Cash In as Permian Dominance Widens the Oil Gap
Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of…
Officials Call for Climate Superfund Act After NJ Floods
Speakers highlighted the urgent need for dedicated state funding to protect residents from worsening climate disasters as federal…